Supernus Pharmaceuticals(SUPN) - 2025 Q1 - Earnings Call Transcript
2025-05-06 20:30
Supernus Pharmaceuticals (SUPN) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Speaker0 Good afternoon, and welcome to Supernus Pharmaceuticals First Quarter twenty twenty five Financial Results Conference Call. At this time, all participants are in a listen only mode. Later, we will conduct a question and answer session. Instructions will follow at that time. As a reminder, this conference call is being recorded. I would now like to turn the conference over to Peter Vazzo of ICR Westwick, Investor Relation ...
Standard BioTools(LAB) - 2025 Q1 - Earnings Call Transcript
2025-05-06 20:30
Standard BioTools (LAB) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Speaker0 Please note this event is being recorded. I would now like to turn the conference over to John Graziano, Vice President of Investor Relations. Please go ahead. Speaker1 Thank you, operator, and good afternoon, everyone. Welcome to the Standard Bio Tools First Quarter twenty twenty five Earnings Conference Call. Leading the call today is Michael Egholm, President and Chief Executive Officer and Alex Kim, Chief Financial Officer. ...
Solid Power(SLDP) - 2025 Q1 - Earnings Call Transcript
2025-05-06 20:30
Solid Power (SLDP) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Speaker0 Please note this event is being recorded. I would now like to turn the conference over to Melanie Solomon, Investor Relations. Please go ahead. Speaker1 Thank you, operator. Welcome, everyone, and thank you for joining us today. I'm joined on today's call by Solid Power's President and Chief Executive Officer, John Van Scooter and Chief Financial Officer, Linda Heller. A copy of today's earnings release is available on the Investor R ...
Sarepta Therapeutics(SRPT) - 2025 Q1 - Earnings Call Transcript
2025-05-06 20:30
Sarepta Therapeutics (SRPT) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Speaker0 Good afternoon, and welcome to the Sarepta Therapeutics First Quarter twenty twenty five Financial Results Conference Call. As a reminder, today's program is being recorded. At this time, I'll turn the call over to Mary Jenkins, Associate Director, Investor Relations. Please go ahead. Speaker1 Thank you, Marvin, and thank you all for joining today's call. Earlier this afternoon, we released our financial results for the firs ...
Rigel(RIGL) - 2025 Q1 - Earnings Call Transcript
2025-05-06 20:30
Rigel Pharmaceuticals (RIGL) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Speaker0 Greetings, and welcome to Rigel Pharmaceuticals Financial Conference Call for the First Quarter twenty twenty As a reminder, this conference is being recorded. It is now my pleasure to introduce our first speaker, Ray Furey, Rigel's Executive Vice President, General Counsel and Corporate Secretary. Thank you, Mr. Furey. You may begin. Speaker1 Welcome to our first quarter twenty twenty five financial results and business up ...
Revolve(RVLV) - 2025 Q1 - Earnings Call Transcript
2025-05-06 20:30
Revolve Group (RVLV) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Speaker0 Good morning, afternoon, evening. My name is Danica, and I will be your conference operator today. At this time, I would like to welcome everyone to Revolve's First Quarter twenty twenty five Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Thank you. At this time, I'd like to turn the conference over to Eric Rander ...
Purple(PRPL) - 2025 Q1 - Earnings Call Transcript
2025-05-06 20:30
Purple Innovation (PRPL) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Speaker0 Ladies and gentlemen, thank you for standing by. My name is Desiree, and I will be your conference operator today. At this time, I would like to welcome everyone to the Purple Innovation First Quarter twenty twenty five Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer I would now like to turn the conference over to Stacy Turnoff. ...
PTC Therapeutics(PTCT) - 2025 Q1 - Earnings Call Transcript
2025-05-06 20:30
PTC Therapeutics (PTCT) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Speaker0 Ladies and gentlemen, thank you for standing by. Welcome to PTC Therapeutics First Quarter twenty twenty five Earnings Conference Call. All participants are in a listen only mode. After the presentation, there will be a question and answer session. Today's conference is being recorded. I would now like to turn the conference over to Ellen Cavallari, Head of Investor Relations. Please go ahead. Speaker1 Good afternoon and thank y ...
NerdWallet(NRDS) - 2025 Q1 - Earnings Call Transcript
2025-05-06 20:30
NerdWallet (NRDS) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Speaker0 Good day, and thank you for standing by. Welcome to the NerdWallet, Inc. First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising that your hand is raised. To withdraw your quest ...
Myriad(MYGN) - 2025 Q1 - Earnings Call Transcript
2025-05-06 20:30
Financial Data and Key Metrics Changes - The company reported first quarter revenue of $196 million, a decline of 3% year over year, at the lower end of the target range [5][20] - Excluding certain impacts, total Q1 revenue grew 5% year over year [6][23] - Average revenue per test decreased by 4%, while test volume increased by 1% [20][21] - Gross margin improved by 50 basis points to 69% due to lab efficiencies [21][22] - The company updated its 2025 financial guidance, lowering annual revenue expectations by $35 million and operational expenses by $25 million [7][25] Business Line Data and Key Metrics Changes - Prenatal testing revenue grew by 11% year over year, while hereditary cancer revenue declined by 2% [10][21] - GeneSight revenue decreased by 20% year over year, primarily due to changes in UnitedHealthcare's coverage policy [12][17] - MiRisk test volume grew by 11% year over year, contributing positively to oncology revenue, which declined by 2% overall [12][13] - Women's health revenue reached $87 million, a 4% increase year over year, driven by strong prenatal testing performance [15][16] Market Data and Key Metrics Changes - The company faced headwinds from UnitedHealthcare's policy changes affecting GeneSight, resulting in a $10 million revenue impact in Q1 [43][44] - The overall market for unaffected hereditary cancer testing is projected to grow, but the company is currently experiencing slower ramp-up due to EMR integration challenges [11][64] - The company remains optimistic about the potential for growth in the hereditary cancer market, which is valued at approximately $4.5 billion [54] Company Strategy and Development Direction - The company is focusing on oncology as a cornerstone of its strategy, aiming to enhance its offerings across the cancer care continuum [26][36] - Plans are in place to prioritize investments in high-value new product development, including AI-enabled tests and MRD testing [8][26] - The management team is committed to simplifying the business narrative and focusing on core growth areas [35][36] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging first quarter but expressed optimism about addressing operational challenges and improving performance [5][26] - The company is actively working on strategies to increase test volumes for GeneSight and MiRisk, despite projecting softer volumes for these tests [7][11] - Management emphasized the importance of execution excellence and the need for a compelling strategy to drive future growth [26][36] Other Important Information - The company recognized a one-time income tax benefit of $29.3 million in Q1, expected to result in cash tax refunds [22] - The company is on track to launch several new products, including a combined carrier screening and NIPS assay and an AI-enabled test by the end of the year [8][26] Q&A Session Summary Question: Concerns about the complexity of the company's situation - Management acknowledged the complexity and indicated that it would take several months to simplify the narrative and focus on key growth metrics [33][36] Question: Update on GeneSight's revenue headwind - Management confirmed a $10 million revenue headwind in Q1 due to UnitedHealthcare's coverage changes, with no expected impact from other payers [43][44] Question: Coverage updates from other payers - Management stated that there have been no indications of coverage changes from other payers and noted recent wins in incremental coverage for GeneSight [48] Question: Changes in provider prescription patterns - Management reported no significant changes in provider behavior regarding GeneSight prescriptions, despite the coverage challenges [50] Question: Portfolio evaluation and potential divestitures - Management emphasized a thorough evaluation of the portfolio, with a focus on oncology, while remaining open to strategic adjustments [52][54] Question: EMR integration challenges - Management explained that EMR integration for unaffected testing is complex and requires time to implement effectively [64] Question: Market growth expectations for Polaris - Management indicated that the market for Polaris is expected to grow at low double-digit rates, with ongoing efforts to enhance competitive positioning [72]