Financial Data and Key Metrics Changes - Total revenue for Q3 2023 grew 22% to $143 million compared to $117.4 million in the prior year quarter [92] - Precision oncology testing revenue increased 31% to $133.4 million, driven by strong clinical and biopharma volumes [92] - Clinical test volume reached 43,900 tests, a 35% increase year-over-year [53][93] - Net loss for Q3 2023 was $86.1 million, a significant reduction from $162.0 million in Q3 2022 [101] Business Line Data and Key Metrics Changes - Clinical revenue from tests totaled $103.9 million, up 34% from $77.8 million in the prior year quarter [92] - Biopharma test volume was approximately 7,500 tests, an 11% increase year-over-year [96] - Development services and other revenue decreased by 37% to $9.6 million, primarily due to timing and amount of milestones related to partnerships [98] Market Data and Key Metrics Changes - Guardant360 ASP is trending towards the upper end of the $2,650 to $2,700 range, with a proposed increase to $5,000 effective January 1, 2024 [68][90] - The company has achieved over 200 million covered lives for TissueNext, indicating strong market penetration [110] Company Strategy and Development Direction - The company is focused on expanding its commercial team and enhancing customer experience through integrations with oncology EMR systems [56][38] - Plans to launch the Shield IVD in 2024, with ongoing advancements in MRD and screening technologies [76][87] - The company aims to achieve cash flow breakeven in therapy selection by the end of 2023 and manage annual screening cash burn to approximately $200 million [109] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving high 30s to low 40s growth for clinical volumes in 2023, with expectations for sequential uplift in Q4 [119] - The company anticipates continued growth in breast cancer testing and is optimistic about the upcoming data from the PEGASUS study [22][74] - Management highlighted the importance of reimbursement progress and legislative support for biomarker testing as key drivers for future growth [70][125] Other Important Information - The company is making significant progress in international markets, particularly in Japan and Europe, with recent regulatory approvals and partnerships [57][66] - The Shield test has shown promising results in increasing colorectal cancer screening compliance among patients [84][85] Q&A Session Summary Question: What is the anticipated mix between LDT and CDx following the pricing change? - The mix has shifted towards CDx, currently just over 50% on the CDx side, and the pricing change is not expected to alter this significantly [107][112] Question: What are the implications of the PEGASUS study results? - The results suggest potential for de-escalation of chemotherapy based on negative MRD results, which could influence standard care practices [115][116] Question: What is the outlook for MRD testing inclusion in NCCN guidelines? - Conversations with payers are ongoing, and state biomarker bills are seen as catalysts for quicker coverage [125]

Blood Version 1 Version 2 CRC Sensitivity 84% 91% Study Results • Samples were run on both V1 and V2 tests ) GUARDANT Source: Guardant internal data Adding Shield to standard of care increases compliance meaningfully Randomized prospective study with Kaiser Permanente Center for Health Research ACG ** 2023 9 Shield V2 demonstrated improved clinical sensitivity relative to Shield V1 CRC Sensitivity N = 45 Specificity N = 1,458 84% (38/45) 91% Shield V1 – PMA device Shield V2 91% (41/45) 91% CRC Sensitivity N ...

Financial Performance - Total revenue for Q3 2023 was $143.03 million, a 21.8% increase from $117.40 million in Q3 2022[16] - Precision oncology testing revenue reached $133.42 million, up 30.7% from $102.05 million year-over-year[16] - Net loss for Q3 2023 was $86.10 million, compared to a net loss of $161.99 million in Q3 2022, representing a 46.8% improvement[16] - The company reported a comprehensive loss of $83.31 million for Q3 2023, compared to a comprehensive loss of $164.59 million in Q3 2022[20] - For the nine months ended September 30, 2023, the net loss was $292,406 thousand, a decrease from the net loss of $514,654 thousand for the same period in 2022, representing a 43% improvement[29] - Total revenue for the three months ended September 30, 2023, was $143.0 million, up from $117.4 million in 2022, representing a 21.8% increase[162] - Net loss for the three months ended September 30, 2023, was $86.1 million, compared to a net loss of $162.0 million in 2022[158] Assets and Cash Position - Total assets increased to $1.80 billion as of September 30, 2023, from $1.61 billion at the end of 2022[14] - Cash and cash equivalents rose significantly to $457.34 million from $141.65 million at the end of 2022[14] - Total cash, cash equivalents, and restricted cash increased to $457,363 thousand as of September 30, 2023, compared to $158,612 thousand at the end of the same period in 2022[30] - The total fair value of financial assets was $1,176.0 million, an increase from $905.9 million as of December 31, 2022[91] - As of September 30, 2023, cash and cash equivalents totaled $457.3 million, with short-term marketable debt securities amounting to $697.5 million[247] Stockholder Equity and Shares - Total stockholders' equity increased to $228.30 million as of September 30, 2023, from $60.18 million at the end of 2022[14] - The company had 117.85 million shares outstanding as of September 30, 2023, compared to 102.62 million shares at the end of 2022[14] - The total shares available for issuance under various plans increased to 25,109,231 from 16,249,546 as of December 31, 2022, reflecting a significant growth in potential equity compensation[129] Research and Development - Research and development expenses for Q3 2023 were $93.85 million, slightly down from $100.02 million in Q3 2022[16] - Research and development expense for the nine months ended September 30, 2023, was $25.4 million, an increase from $18.5 million in 2022[146] - The Company’s research and development expenses include costs for technology development, totaling significant amounts for compensation, supplies, and infrastructure[75] Investments and Impairments - The Company recorded an impairment of $22.1 million for non-marketable equity security investments for the nine months ended September 30, 2023[42] - The Company’s non-marketable equity investments totaled $8.6 million as of September 30, 2023, down from $25.0 million as of December 31, 2022[41] - The investment in Lunit Inc. was valued at $102.8 million as of September 30, 2023, up from $18.3 million at the end of 2022, with unrealized gains of $16.6 million for Q3 2023[93] Revenue Recognition and Customer Concentration - Revenue from significant customer B accounted for 33% of total revenue for the three months ended September 30, 2023[46] - The Company evaluates contracts with multiple performance obligations to ensure appropriate revenue recognition, allocating transaction prices based on standalone selling prices[69] - The Company recognized revenue from companion diagnostic development and regulatory approval services over the period in which biopharmaceutical research and development services are provided, using an input method based on costs incurred[65] Stock-Based Compensation - Stock-based compensation for the nine months ended September 30, 2023, was $66,439 thousand, slightly lower than $70,982 thousand for the same period in 2022[29] - Total stock-based compensation expense for the three months ended September 30, 2023, was $21.8 million, compared to $20.6 million for the same period in 2022[146] - The weighted-average grant date fair value of options granted was $24.42 for the three months ended September 30, 2023, compared to $33.66 for the same period in 2022[134] Debt and Interest - Interest income for Q3 2023 was $11.69 million, a significant increase from $1.75 million in Q3 2022[16] - Interest expense related to amortization of debt issuance costs was $0.6 million for the three months ended September 30, 2023, maintaining an effective interest rate of 0.2%[113] - The net carrying amount of the 2027 Convertible Senior Notes is $1.14 billion as of September 30, 2023, slightly up from $1.14 billion at the end of 2022[112] Operational Activities - The company reported a net cash used in operating activities of $246,247 thousand for the nine months ended September 30, 2023, compared to $218,714 thousand for the same period in 2022[29] - Cash provided by investing activities for the nine months ended September 30, 2023, was $176,796 thousand, compared to $79,189 thousand for the same period in 2022[29] Regulatory and Legal Matters - The company is fully cooperating with a Civil Investigative Demand related to the billing of government-funded programs for its genetic tests, but is unable to predict the outcome[127] - The Company has a collaboration agreement with Illumina, Inc. to advance cancer research and has dismissed a related lawsuit[125] Currency and Foreign Operations - The majority of the company's revenue is generated in the United States, with an insignificant amount from foreign currencies as of September 30, 2023[248] - The company anticipates that its results of operations and cash flows will increasingly be affected by fluctuations in foreign currency exchange rates as it expands internationally[248] - A hypothetical 10% change in foreign currency exchange rates would not be material to the company's financial condition or results of operations as of September 30, 2023[248]

Guardant Health, Inc. (NASDAQ:GH) Q2 2023 Earnings Conference Call August 3, 2023 4:30 PM ET Company Participants Carrie Mendivil - IR Helmy Eltoukhy - Co-Founder, Co-CEO & Chairman AmirAli Talasaz - Co-CEO & Director Michael Bell - CFO Conference Call Participants Jack Meehan - Nephron Research Puneet Souda - Leerink Partners Patrick Donnelly - Citigroup David Delahunt - Goldman Sachs Group Daniel Leonard - Crédit Suisse Andrew Brackmann - William Blair & Company Sung Ji Nam - Scotiabank Operator Hello, ev ...

In light of the foregoing, investors are urged not to rely on any forward-looking statement or third-party data in reaching any conclusion or making any investment decision about any securities of the Company. High growth core business approaching breakeven with a potentially higher growth pipeline Growth in TissueNext, differentiated by our Lunit-powered Galaxy AI TECHNOLOGY LEADER Pipeline of multi-billion dollar revenue opportunities in early stages Spearheading a new patient-preferred category with Shie ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________________ FORM 10-Q _____________________ OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) For the transition period from to ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-38683 _____________________ For the quarterly period ended June 30, 2023 GUARDANT HEALTH, INC. (Exact Name of Registrant as Specifi ...

Safe harbor achievements to differ materially from those expressed or implied by these forward-looking statements. The forward-looking statements in this presentation are made only as of the date hereof. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward- looking statements, as well as risks relating to the business of the Company in general, see the Company's periodic filings with the Securities and Exchange Commission, i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________________ FORM 10-Q _____________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38683 _____________________ GUARDANT HEALTH, INC. (Exact Name of Registrant as Specif ...

Shield LDT screening commercial team • Implementing efficiencies and workforce reduction across all areas of the business • Therapy Selection on-track to be breakeven in ~12 months • $1B cash balance provides >3 year runway and will fund continued investments in MRD and Screening 16 FY 2023 guidance ▪ Total Revenue: $525 – $540 million, growth of 17% to 20% y/y ▪ Precision Oncology Revenue: >20% growth over 2022 ▪ Development Services & Other Revenue: > $50 million ▪ Operating Expenses: below FY 2022 ▪ Free ...

Guardant Health, Inc. (NASDAQ:GH) Q4 2022 Earnings Conference Call February 23, 2023 4:30 PM ET Company Participants Alex Kleban – Vice President-Investor Relations Helmy Eltoukhy – Chairman and Co-Chief Executive Officer AmirAli Talasaz – Co-Chief Executive Officer Mike Bell – Chief Financial Officer Conference Call Participants Dan Arias – Stifel Max Masucci – Cowen Tejas Savant – Morgan Stanley Derik De Bruin – Bank of America Jack Meehan – Nephron Julia Qin – JPMorgan Puneet Souda – SVB Securities Matt ...