U.S. Galleri Revenue Growth
U.S. Galleri revenue grew by 45% year-over-year, with more than 137,000 Galleri tests sold.
Financial Performance
Fourth quarter revenue was $38.3 million, up 26% from Q4 2023. Full-year revenue was $125.6 million, up 35% from 2023.
Cost Efficiency Improvements
The company implemented a new version of the Galleri test, reducing sequencing costs and automating testing workflows, leading to expanded lab capacity.
Partnerships and Coverage
Integration with Quest Diagnostics allows easier test ordering, and TRICARE added Galleri to its list of approved lab-developed tests for certain patients.
Net Loss Improvement
Net loss for the fourth quarter improved by 48% compared to Q4 2023.
Cash Burn Reduction
Projected cash burn for 2025 is expected to decrease by more than 40% compared to 2024.