GeneDx Holdings First Quarter 2024 Earnings: Beats Expectations

GeneDx Holdings (NASDAQ:WGS) First Quarter 2024 Results

Key Financial Results

• Revenue: US$62.4m (up 45% from 1Q 2023).
• Net loss: US$20.2m (loss narrowed by 67% from 1Q 2023).
• US$0.78 loss per share (improved from US$3.04 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

GeneDx Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) also surpassed analyst estimates by 50%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Healthcare industry in the US.

Performance of the American Healthcare industry.

The company's shares are up 42% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for GeneDx Holdings (1 makes us a bit uncomfortable!) that you need to take into consideration.

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