GRAIL Q2 revenue up 43% to $32M; net loss $(1.59)B due to $1.42B impairment

GRAIL, Inc.

2024-Q2 EPS reported -$58.11 revenue$58,691,000

Revenue of $32.0M (+43% YoY), driven by Galleri test sales exceeding 215,000 cumulative units.
Net loss of $(1.59)B includes $1.42B goodwill and intangible impairment; adjusted EBITDA loss $(139.4)M.
Adjusted gross profit of $16.0M (66% YoY improvement); gross loss improved to $(17.9)M.
Cash and equivalents $958.8M; portfolio prioritization and restructure extend cash runway into 2028.
First quarterly results as independent public company after separation from Illumina on June 24, 2024.

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