earnings
confidence high
sentiment positive
materiality 0.75
Castle Biosciences Q2 revenue $22.8M (+79% YoY); raises FY2021 guidance to $89-93M
CASTLE BIOSCIENCES INC
2021-Q2 EPS reported
-$0.52
revenue$45,571,000
- Revenue $22.8M, up 79% YoY; adjusted revenue $22.9M, up 120% YoY excluding prior-period adjustments.
- DecisionDx-Melanoma test reports up 70% YoY to 5,128; total dermatology test volume 6,539.
- Full-year 2021 revenue guidance raised to $89-93M from prior $80-83M.
- Acquired Myriad myPath Laboratory for $33M in May, adding myPath Melanoma test.
- Cash at $368M; operating cash flow -$6.4M due to acquisition and Medicare advance recoupment.