secwatch.observer — SEC 8-K summary
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Issuer:     GRAIL, Inc. (GRAL)
CIK:        0001699031
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001628280-24-036944
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699031/000162828024036944/0001628280-24-036944-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699031/000162828024036944/gral-20240813.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-036944

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer