Veracyte Q1 2022 Earnings Report
Key Takeaways
Veracyte reported an 85% increase in total revenue to $67.8 million for the first quarter of 2022, driven by strong performance in testing revenue and the contribution of the HalioDx acquisition.
Total revenue increased by 85% to $67.8 million compared to the first quarter of 2021.
Test volumes grew to 23,245, a 61% increase compared to the first quarter of 2021.
Veracyte highlighted new data presentations at upcoming conferences for the Percepta Nasal Swab test and Decipher GRID database.
The Veracyte Biopharma Atlas, a pan-cancer database of biomarkers linked to clinical outcome data, was introduced at the American Association for Cancer Research annual meeting.
Veracyte
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Veracyte Revenue by Segment
Forward Guidance
The company is currently projecting full year 2022 total revenue of $265 million to $275 million, representing year-over-year growth of 21% to 25% compared to the prior year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income