earnings
confidence high
sentiment positive
materiality 0.85
Guardant Health Q3 revenue $191.5M (+34% YoY); raises FY 2024 revenue guidance to $720-725M
Guardant Health, Inc.
2024-Q3 EPS reported
-$2.66
revenue$537,202,000
- Revenue $191.5M (+34% YoY); GAAP net loss $107.8M ($0.88/shr), Non-GAAP net loss $55.0M ($0.45/shr).
- Clinical test volume 53,100 (+21%), biopharma 10,500 (+40%); Guardant360 ASP >$3,000.
- Full-year 2024 revenue guidance raised to $720-725M (prior $690-700M), growth 28-29%.
- Free cash flow guidance improved to $(265)-$(275)M, improvement of $70-80M vs 2023.
- Shield IVD launched; received Medicare pricing of $920; CMS removed cost-sharing for follow-on colonoscopy.