financetom
Business
financetom
/
Business
/
GeneDx Swings to Adjusted Net Income, Revenue Rises; 2025 Revenue Guidance Set
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
GeneDx Swings to Adjusted Net Income, Revenue Rises; 2025 Revenue Guidance Set
Feb 18, 2025 4:21 AM

06:59 AM EST, 02/18/2025 (MT Newswires) -- GeneDx Holdings ( WGS ) reported adjusted net income Tuesday of $16.8 million compared with an adjusted net loss of $17.8 million a year earlier.

Two analysts surveyed by FactSet expected $1.6 million.

Revenue for the quarter ended Dec. 31 was $95.6 million, up from $58.1 million a year earlier.

Analysts surveyed by FactSet expected $82.2 million.

For the full year, GeneDx ( WGS ) expects revenue between $350 million and $360 million, with growth in exome/genome volume and revenue of at least 30%.

Analysts surveyed by FactSet expect $338.8 million.

The company's shares were up more than 25% in recent Tuesday premarket activity.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Covalon Technologies Swings to Q3 Profit as Revenue Jumps 47%
Covalon Technologies Swings to Q3 Profit as Revenue Jumps 47%
Aug 21, 2024
08:37 AM EDT, 08/21/2024 (MT Newswires) -- Covalon Technologies ( CVALF ) , a medical technologies company, on Wednesday said it swung to a third-quarter profit on higher revenue. The company reported net income of $1.45 million, or $0.06 per share, compared with a loss of $0.5 million, or $0.02 per share last year. Total revenue increased 47% to $9.22...
Abcourt Mines Provides Latest Channel Sampling Results from Cartwright Area of Flordin Project in Quebec
Abcourt Mines Provides Latest Channel Sampling Results from Cartwright Area of Flordin Project in Quebec
Aug 21, 2024
08:38 AM EDT, 08/21/2024 (MT Newswires) -- Abcourt Mines ( ABMBF ) reported Wednesday the most recent channel sampling results from three mechanical strippings conducted in the vicinity of the Cartwright deposit on the Flordin property in Quebec. Highlights include 22.7 grams per tonne (g/t) gold over 7 meters including 161.9 g/t gold over 0.5 meters. The company said a...
Target Lifts Fiscal 2024 Earnings Outlook as Second-Quarter Results Top Views
Target Lifts Fiscal 2024 Earnings Outlook as Second-Quarter Results Top Views
Aug 21, 2024
08:48 AM EDT, 08/21/2024 (MT Newswires) -- Target ( TGT ) raised its full-year earnings outlook on Wednesday amid improving trends across discretionary categories, as the retailer's fiscal second-quarter results exceeded market estimates. Adjusted earnings are now anticipated to be between $9 to $9.70 per share for fiscal 2024, up from the prior guidance of $8.60 to $9.60, citing its...
WELL Health's Wisp Reports 1 Million Patients Served and US$78 Million in Run Rate Revenue
WELL Health's Wisp Reports 1 Million Patients Served and US$78 Million in Run Rate Revenue
Aug 21, 2024
08:16 AM EDT, 08/21/2024 (MT Newswires) -- WELL Health Technologies ( WHTCF ) on Wednesday said its majority-owned subsidiary Wisp, a sexual and reproductive telehealth provider in the U.S., has served 1 million patients across the country and recorded more than US$78 million in run rate revenue for the first time, based on its July results. Last month, Wisp surpassed...
Copyright 2023-2026 - www.financetom.com All Rights Reserved