earnings
confidence high
sentiment positive
materiality 0.70
Champions Oncology reports record FY2022 revenue $49.1M (+20%); guides for 20% growth in FY2023
CHAMPIONS ONCOLOGY, INC.
- Record annual revenue $49.1M, up 20% YoY; Q4 revenue $12.9M, up 22% from $10.6M.
- FY2022 gross margin improved to 52% (from 48%); adjusted EBITDA $3.1M vs $2.1M.
- Operating income $607K for FY2022; cash $9.0M, no debt.
- Guidance: projects another year of top-line growth of ~20% for FY2023.
- CEO notes expanding ex-vivo services and computational discovery tools moving to preclinical development.