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Mar 31, 2020

Exact Sciences Q1 2020 Earnings Report

Exact Sciences announced first quarter 2020 results with revenue of $347.8 million.

Key Takeaways

Exact Sciences Corp. reported revenue of $347.8 million for the first quarter ended March 31, 2020, compared to $162.0 million for the same period of 2019. The company's screening revenue was $219.5 million, an increase of 35 percent, while precision oncology revenue was $128.4 million. The net loss was $105.7 million, or $0.71 per share.

Total revenue was $347.8 million, compared to $162.0 million.

Screening revenue was $219.5 million, an increase of 35 percent.

Precision Oncology revenue was $128.4 million.

Net loss was $105.7 million, or $0.71 per share.

Total Revenue
$348M
Previous year: $162M
+114.6%
EPS
-$0.66
Previous year: -$0.58
+13.8%
Gross Margin
71%
Non-GAAP Gross Margin
77%
Adjusted EBITDA
-$8.24M
Gross Profit
$246M
Previous year: $119M
+106.9%
Cash and Equivalents
$701M
Previous year: $285M
+145.8%
Free Cash Flow
-$62.9M
Previous year: -$84.8M
-25.9%
Total Assets
$4.46B
Previous year: $1.77B
+152.0%

Exact Sciences

Exact Sciences

Exact Sciences Revenue by Segment

Forward Guidance

Exact Sciences plans to play an even greater role in cancer screening and guiding therapy decisions after the coronavirus pandemic abates.

Revenue & Expenses

Visualization of income flow from segment revenue to net income