earnings
confidence high
sentiment positive
materiality 0.80
Guardant Health Q2 revenue up 29% to $177.2M, raises FY2024 guidance; FDA approves Shield CRC test
Guardant Health, Inc.
2024-Q2 EPS reported
-$1.78
revenue$345,726,000
- Revenue $177.2M (+29% YoY); precision oncology revenue $166.5M (+33%).
- GAAP net loss $102.6M ($0.84/share); non-GAAP net loss $58.5M ($0.48 loss).
- FY2024 revenue guidance raised to $690-700M (prior $675-685M), growth 22-24%.
- Shield blood test received FDA approval for first-line CRC screening; commercial launch; Medicare covers 45M beneficiaries.
- Clinical tests 49,400 (+14%), biopharma tests 10,475 (+56%); cash $1.0B.