Strong Volume Growth in Key Segments
MyRisk in oncology saw a 16% volume growth year-over-year, and MyRisk for unaffected grew by 11%. GeneSight volume increased by 8%, showing acceleration from the first half of 2025.
High Adjusted Gross Margin
The company reported a strong adjusted gross margin of 70.1% in the third quarter, reflecting operational efficiency and strong test mix.
Strategic Partnerships and Product Launches
The company entered into a collaboration with SOPHiA GENETICS and is on track to launch the updated MyRisk test and a new Prolaris prostate cancer test in 2026. These initiatives are expected to accelerate growth.
Positive Adjusted EBITDA and Free Cash Flow
Reported an adjusted EBITDA of $10.3 million and adjusted free cash flow of $18.6 million, demonstrating the profitability and cash-generating potential of the business.
Reaffirmation of 2025 Financial Guidance
The company reaffirmed its full-year revenue guidance of $818 million to $828 million, with a gross margin range of 69.5% to 70% and adjusted EBITDA guidance of $27 million to $33 million.