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Castle Biosciences Reports Third Quarter 2025 Results
Globenewswire· 2025-11-03 21:07
Financial Performance - Company reported Q3 2025 revenue of $83 million, a decrease from $85.8 million in Q3 2024 [5][9] - Non-dermatologic revenue increased by 67% compared to Q3 2024 [1] - Total test reports for core revenue drivers (DecisionDx-Melanoma, TissueCypher) increased by 36% over Q3 2024 [1] - Company raised full-year 2025 revenue guidance to $327-335 million from $310-320 million [1][8] Operational Highlights - Total test reports delivered in Q3 2025 were 26,841, compared to 26,010 in Q3 2024 [5] - DecisionDx-Melanoma test reports delivered were 10,459, up from 9,367 in Q3 2024 [5] - TissueCypher Barrett's Esophagus test reports delivered were 10,609, compared to 6,073 in Q3 2024 [5] - DecisionDx-SCC test reports delivered were 4,186, slightly down from 4,195 in Q3 2024 [5] New Product Launch - Company announced the launch of AdvanceAD-Tx™, a test designed to guide systemic treatment decision-making in patients with moderate-to-severe atopic dermatitis [1][12] Gross Margin and Adjusted Metrics - Gross margin for Q3 2025 was 75%, down from 79% in Q3 2024 [5] - Adjusted gross margin was 77%, compared to 82% in the same period of 2024 [5] - Adjusted EBITDA for Q3 2025 was $9.2 million, down from $21.6 million in Q3 2024 [9] Cash and Investments - As of September 30, 2025, the company's cash, cash equivalents, and marketable investment securities totaled $287.5 million [7]
iMDx to Release Third Quarter 2025 Results on November 10 and Attend Stephens Annual Investment Conference the Following Week
Globenewswire· 2025-11-03 21:05
Core Insights - Insight Molecular Diagnostics Inc. (iMDx) will report its third quarter 2025 financial results on November 10, 2025, after market close [1] - A live Zoom webinar will be held at 2:00 pm PT / 5:00 pm ET on the same day to discuss the financial results [1] - The company will also participate in the Stephens NASH25 Conference on November 19, 2025, in Nashville, TN [3] Company Overview - iMDx is a precision diagnostics technology company focused on democratizing access to molecular diagnostic testing to enhance patient outcomes [3] - The company employs a proprietary method to quantify dd-cfDNA, a key biomarker for transplant rejection [3] - iMDx relocated its headquarters from Irvine, California, to Nashville, Tennessee, in June 2025, and its NASDAQ symbol changed accordingly [4]
Myriad Genetics Reports Third Quarter 2025 Financial Results; Reiterates 2025 Financial Guidance Following Continued Solid Execution
Globenewswire· 2025-11-03 21:05
Core Insights - Myriad Genetics reported third-quarter 2025 financial results, showing stable revenue performance and a 13% year-over-year volume growth for its MyRisk hereditary cancer test [2][3]. Financial Performance - Third-quarter 2025 revenue was $205.7 million, a decrease of 4% year-over-year, but flat when excluding headwinds of $8.1 million [5][7]. - The gross margin for the third quarter was 69.9% [5]. - The company reported a GAAP net loss of $27.4 million, or $0.29 per share, while adjusted EPS was $0.00 [5][12]. - Adjusted EBITDA for the third quarter was $10.3 million [5]. Product Volumes and Revenue - Total product volumes for the third quarter were 386,000, reflecting a 3% year-over-year increase [6]. - Hereditary cancer testing revenue grew 3% year-over-year to $93.0 million, with volume increasing by 11% [7][11]. - Tumor profiling revenue decreased by 7% year-over-year to $29.5 million, primarily due to a decline in testing volume for EndoPredict [7][12]. - Prenatal testing revenue increased by 2% year-over-year to $44.5 million, while pharmacogenomics revenue decreased by 19% to $38.7 million [7][14]. Cash Flow and Liquidity - Cash flow from operations for the third quarter was $21.1 million, with adjusted operating cash flow at $24.8 million [8]. - As of September 30, 2025, the company had cash and cash equivalents of $145.4 million [9]. Strategic Initiatives - The company entered a strategic collaboration with SOPHiA GENETICS to develop a global liquid biopsy companion diagnostic testing solution for pharmaceutical companies [5][13]. - Myriad Genetics is focusing on the Cancer Care Continuum and has made organizational changes to improve customer experience and reduce operating expenses [3][12]. Financial Guidance - The company reaffirmed its full-year 2025 revenue guidance in the range of $818 million to $828 million, with expected gross margins between 69.5% and 70.0% [16]. - Adjusted EBITDA guidance remains unchanged at $27 million to $33 million [16].
Castle Biosciences Launches AdvanceAD-Tx™ to Help Guide Systemic Treatment Decision Making in Patients with Moderate-to-Severe Atopic Dermatitis
Globenewswire· 2025-11-03 21:05
Core Insights - Castle Biosciences has launched AdvanceAD-Tx™, a gene expression profile test aimed at guiding treatment decisions for patients aged 12 and older with moderate-to-severe atopic dermatitis (AD) [1][10] - The test identifies patients with a Janus kinase inhibitor (JAKi) responder profile, indicating a higher likelihood of achieving significant improvement in their condition when treated with JAK inhibitors compared to Th2-targeted therapies [2][11] Company Overview - Castle Biosciences is focused on developing innovative diagnostic tests that enhance patient care, particularly in dermatologic and gastroenterological diseases [7] - The company aims to leverage its existing technology to address unmet needs in the field of atopic dermatitis, with a total addressable market estimated at $33 billion [3][4] Product Details - AdvanceAD-Tx is a non-invasive test that evaluates 487 genes to classify patients into JAKi responder or Th2 molecular profiles, providing insights to personalize treatment [10][11] - In clinical validation, 30.4% of tested samples showed a JAKi responder profile, with those patients achieving a 90% improvement in disease severity (EASI-90) at a significantly higher rate compared to those on Th2-targeted therapy (45.5% vs 8.3%) [4][11] Clinical Integration and Launch Strategy - The test is designed for easy integration into existing laboratory workflows, facilitating adoption by dermatologists familiar with Castle's other tests [5] - AdvanceAD-Tx will be launched in a phased manner starting November 2025, with broader availability expected throughout 2026 [5] Market Potential - The U.S. market for atopic dermatitis treatments is substantial, with approximately 13.2 million patients aged 12 and older suffering from moderate-to-severe AD [4] - The introduction of AdvanceAD-Tx is anticipated to act as a growth catalyst for Castle Biosciences alongside its established tests in dermatology and gastrointestinal areas [3]
Biodesix Announces Third Quarter 2025 Results and Highlights
Globenewswire· 2025-11-03 21:01
Core Insights - Biodesix, Inc. reported a strong third quarter for 2025 with revenue of $21.8 million, reflecting a 20% increase compared to Q3 2024 [1][2] - The company improved its gross profit margin to 81%, marking a 400-basis point enhancement year-over-year [1][2] - Biodesix raised its total revenue guidance for FY2025 to a range of $84 million to $86 million [1][6] Financial Results - Total revenue for Q3 2025 was $21.8 million, a 20% increase from the prior year [5] - Lung Diagnostic Testing revenue reached $19.8 million, up 16% year-over-year, driven by increased tests delivered and higher average revenue per test [5] - Development Services revenue surged to $1.9 million, a 97% increase year-over-year, attributed to fulfilling contracted business and securing new agreements [5] - Gross margin was $17.7 million, or 81%, reflecting a 400-basis point improvement due to growth in Lung Diagnostic testing and cost optimizations [5] - Operating expenses for Q3 2025 were $24.7 million, a 10% increase from the previous year, primarily due to higher sales and marketing costs [5] - The net loss for Q3 2025 was $8.7 million, an improvement of 15% compared to the same period last year [5] - Adjusted EBITDA loss was $4.6 million, an 18% improvement year-over-year [5] Business Highlights - Lung Diagnostic Tests ordered in primary care increased by over 75% compared to Q3 2024 [12] - The Development Services business reported $12.9 million under contract, a 16% increase year-over-year [12] - Biodesix expanded its partnership with Bio-Rad Laboratories to develop high complexity assays [12] - A Research and Development Corporate Workshop is scheduled for November 12, focusing on the company's R&D efforts and partnerships [12]
Mdxhealth to Release Third Quarter 2025 Financial Results on November 12
Globenewswire· 2025-11-03 21:01
Core Insights - MDxHealth SA will release its financial results for the third quarter ended September 30, 2025, after market close on November 12, 2025 [1] - A conference call with live Q&A will be held on the same day at 4:30 PM ET / 22:30 CET [2] Company Overview - MDxHealth is a leading precision diagnostics company that provides actionable molecular information to personalize patient diagnosis and treatment [3] - The company's tests are based on proprietary genomic, epigenomic, exosomal, and other molecular signatures, assisting physicians with the diagnosis and prognosis of prostate cancer and other urologic diseases [3] - The U.S. headquarters and laboratory operations are located in Irvine, California, with additional labs in Waltham, Massachusetts, and Plano, Texas; European headquarters are in Herstal, Belgium [3]
Guardant Health Beats Expectations: Shield, Quest, And AI Catalysts
Seeking Alpha· 2025-10-31 15:09
Company Overview - Guardant Health, Inc. (GH) is a cancer genomics diagnostics company that utilizes the SMART platform for various cancer-related applications including screening, therapy selection, minimal residual disease (MRD), and surveillance across all cancer stages [1]. Business Segments - The company operates through several business segments, with Oncology being the primary focus, alongside Screening and Biopharma & Data [1].
Guardant Health Stock Soars On Strong Q3 Results, Upbeat FY 2025 Outlook
RTTNews· 2025-10-30 12:47
Core Insights - Guardant Health Inc. shares increased over 25% to $90 in premarket trading following strong financial results for Q3 2025 and an upward revision of its full-year outlook [1][3][4] Financial Performance - For Q3 2025, revenue reached $265.2 million, marking a 39% increase from $191.5 million in Q3 2024, primarily due to a 40% year-over-year growth in Oncology test volume [3] - The non-GAAP net loss for Q3 2025 narrowed to $48.3 million or $0.39 per share, compared to a loss of $55.0 million or $0.45 per share in the same quarter last year [3] Future Outlook - The company now anticipates full-year 2025 revenue between $965 million and $970 million, an increase from the previous guidance of $915 million to $925 million [4] Product Offerings - Guardant Health provides several tests including the Guardant360 Liquid test, Guardant360 CDx test, Guardant Reveal blood test, and Guardant360 Response blood test, which are designed for various cancer diagnostics and monitoring [2] - The company also introduced Shield, a blood-based screening test for colorectal cancer, which is now available through a collaboration with Quest Diagnostics [5] Stock Performance - Over the past year, Guardant Health's stock has fluctuated between $21.85 and $73.31, closing at $72.27, up 3.87% prior to the recent surge [6]
PAVmed to Hold a Business Update Conference Call and Webcast on November 13, 2025
Prnewswire· 2025-10-30 12:01
Core Points - PAVmed Inc. will host a business update conference call and webcast on November 13, 2025, at 8:30 AM ET, where the CEO will discuss the company's operations and growth strategy, and the CFO will present the third quarter 2025 financial results [1][2]. Company Overview - PAVmed Inc. is a diversified commercial-stage medical technology company operating in the medical device, diagnostics, and digital health sectors. Its subsidiary, Lucid Diagnostics, focuses on cancer prevention with products like the EsoGuard Esophageal DNA Test and EsoCheck Esophageal Cell Collection Device, which are designed for early detection of esophageal precancer [4]. - Another subsidiary, Veris Health Inc., is dedicated to personalized cancer care through remote patient monitoring using implantable biologic sensors and connected external devices. Veris is also developing an implantable physiological monitor to work alongside chemotherapy ports [4].
Biodesix to Share its R&D Roadmap during its Corporate Day Presentation at AMP Annual Meeting
Globenewswire· 2025-10-30 10:17
Core Insights - Biodesix, Inc. will present its Corporate and Scientific updates at the 2025 AMP Annual Meeting in Boston from November 12-15, highlighting its diagnostic solutions and strategic partnerships [1][2]. Group 1: Corporate Workshop - A workshop led by Dr. Gary Pestano will focus on Biodesix's R&D Roadmap, showcasing both near- and long-term diagnostic services [2]. - Key partners such as Memorial Sloan Kettering Cancer Center, Bio-Rad Laboratories, and Thermo Fisher Scientific will provide updates during the workshop [2]. Group 2: Molecular Testing Approaches - The workshop will emphasize new approaches to comprehensive molecular testing, aiming for accurate results with rapid turnaround, high throughput, and low sample requirements [3][4]. - Advances in molecular diagnostic technologies, including NGS, ddPCR, and Mass Spectrometry, will be discussed, along with their clinical utility and research concepts for monitoring therapeutic responses [4]. Group 3: Company Overview - Biodesix is dedicated to enhancing clinical care and outcomes for patients, particularly in lung disease, through its diagnostic tests like Nodify Lung® and IQLung® [7]. - The company provides Development Services to biopharmaceutical and life sciences institutions, supporting the development of diagnostic tests and therapeutics [7]. Group 4: Presentation and Engagement - A poster presentation on the impact of blood collection tubes on a novel device for enriching circulating tumor cells will be presented by Leisa Jackson on November 15 [6]. - Biodesix executives and experts will be available at booth 647 to discuss the company's offerings during the AMP Annual Meeting [5].