GRAIL Q3 2024: Galleri revenue $25.4M (+52% YoY); net loss $(125.7)M

GRAIL, Inc.

2024-Q3 EPS reported -$61.61 revenue$87,343,000

Total revenue $28.7M (+38% YoY); Galleri revenue $25.4M (+52% YoY).
Net loss $(125.7)M includes $34.6M amortization and $19.0M restructuring charge.
Non-GAAP adjusted EBITDA $(108.2)M, improved 14% YoY; adjusted gross profit $11.8M.
Cash $853.6M, runway into 2028; commercial Galleri tests surpassed 250,000 since launch.
CEO Bob Ragusa highlighted cost management and progress toward FDA PMA submission.

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