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Sep 30, 2020
Personalis Q3 2020 Earnings Report
Reported record revenues and strengthened balance sheet through equity financing.
Key Takeaways
Personalis reported record revenues of $19.8 million for Q3 2020, a 15.5% increase compared to Q3 2019. The company's net loss was $9.5 million, or $0.27 per share. They also strengthened their balance sheet by raising $117.1 million through an equity financing.
Reported record revenues of $19.8 million, a 15.5% increase year-over-year.
39 customers have placed orders for NeXT as of September 30, 2020, with 7 new customers in Q3.
Received a new task order from VA MVP with an approximate value of up to $31 million, increasing the contracted to date value to approximately $175 million.
Completed a follow-on public offering, receiving net proceeds of $117.1 million.
Forward Guidance
Due to continued uncertainty surrounding the COVID-19 pandemic, Personalis will not provide guidance for fiscal 2020 at this time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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