Pro Forma Q1 Revenue Growth
Pro forma revenue for the core prostate cancer operations (excluding Resolve) was $23.9 million for Q1 2026, representing an 11% year-over-year increase and demonstrating continued commercial execution of the integrated sales team.
Updated 2026 Revenue Guidance — Strong Growth Outlook
Company established 2026 revenue guidance for the core cancer business (excluding Resolve) of $110 million to $115 million, implying 20% to 26% year-over-year growth for the core cancer portfolio.
Successful Commercial Integration and Customer Migration
Completed Exo-driven strategic mapping and cross-training of the expanded sales force in Q1 and successfully transitioned SelectMDx customers to Exo, creating operating efficiencies and enabling sales reps to focus 100% on the prostate cancer menu (Confirm, GPS, ExoDx).
AI and Clinical Innovation Initiatives
Launched an AI-dedicated strategic initiative and partnerships to build an AI data platform across the company; PROTECT trial with University of Oxford now includes AI-enhanced endpoints to improve prognostic value of GPS, supporting long-term product differentiation.
Solid Reported Cash Balance (Pre-Earn-Out)
Reported cash and cash equivalents of $43.2 million as of March 31, 2026, providing near-term liquidity; after the $15.0 million earn-out payment made April 15, pro forma cash would be $28.2 million.
Historical Operational Transformation
Company highlighted multi-year progress transforming revenue from $11 million in 2019 to $108 million in 2025, expanding gross margins from the 20s to the mid-60s and achieving adjusted EBITDA profitability prior to the ExoDx acquisition.