tiprankstipranks
Trending News
More News >
Biodesix (BDSX)
NASDAQ:BDSX
US Market
Advertisement

Biodesix (BDSX) AI Stock Analysis

Compare
309 Followers

Top Page

BDSX

Biodesix

(NASDAQ:BDSX)

Select Model
Select Model
Select Model
Neutral 42 (OpenAI - 4o)
Rating:42Neutral
Price Target:
$0.50
▼(-93.81% Downside)
Biodesix's overall score is primarily impacted by financial instability and valuation concerns, despite some positive developments in revenue growth and operational efficiency. The technical indicators suggest a lack of strong momentum, and the earnings call presents a mixed picture with both achievements and challenges.
Positive Factors
Revenue Growth
Consistent revenue growth indicates strong market demand for Biodesix's diagnostic tests, enhancing long-term business prospects.
Improved Gross Margins
Higher gross margins suggest effective cost management and pricing power, supporting sustainable profitability over time.
Development Services Growth
Strong growth in development services diversifies revenue streams and strengthens Biodesix's position in the diagnostics market.
Negative Factors
High Leverage
High leverage limits financial flexibility and increases risk, potentially impacting Biodesix's ability to invest in growth opportunities.
Increased Operating Expenses
Rising operating expenses can pressure margins and profitability, challenging Biodesix's efforts to achieve sustainable financial performance.
Negative Cash Flow
Negative cash flow growth indicates challenges in cash generation, which could hinder Biodesix's ability to fund operations and growth initiatives.

Biodesix (BDSX) vs. SPDR S&P 500 ETF (SPY)

Biodesix Business Overview & Revenue Model

Company DescriptionBiodesix, Inc. operates as a data-driven diagnostic solutions company in the United States. The company offers blood-based lung tests, including Nodify XL2 and Nodify CDT tests, together marketed as part of Nodify Lung Nodule Risk Assessment testing strategy, to assess the risk of lung cancer and help in identifying the appropriate treatment pathway and help physicians in reclassifying risk of malignancy in patients with suspicious lung nodules. It also offers GeneStrat ddPCR and VeriStrat tests, which are used in the diagnosis of lung cancer to measure the presence of mutations in the tumor and the state of the patient's immune system to establish the patient's prognosis and help guide treatment decisions; and GeneStrat NGS (NGS) test, a 72-hour blood-based NGS test. In addition, the company, through its partnership with Bio-Rad Laboratories, Inc., provides Bio-Rad SARS-CoV-2 ddPCR, a COVID-19 Test under Biodesix WorkSafe testing program; and Platelia SARS-CoV-2 Total Ab test, an antibody test for detecting a B-cell immune response to SARS-CoV-2 that indicate recent or prior infection. Further, it offers diagnostic and clinical research, as well as clinical trial testing services to biopharmaceutical companies; and discovers, develops, and commercializes companion diagnostics. The company was formerly known as Elston Technologies, Inc. Biodesix, Inc. was incorporated in 2005 and is headquartered in Boulder, Colorado.
How the Company Makes MoneyBiodesix generates revenue primarily through the sale of its diagnostic tests, which are offered to medical institutions, oncology clinics, and healthcare providers. The company's revenue model is centered around test reimbursements from insurance companies and healthcare payers, allowing them to capture a portion of the revenue generated from patient testing. In addition to test sales, Biodesix may also engage in partnerships with pharmaceutical companies for companion diagnostics, which can further enhance revenue. The company benefits from strategic collaborations and agreements that expand its market reach and facilitate access to new technologies and patient populations, thereby contributing to its overall earnings.

Biodesix Earnings Call Summary

Earnings Call Date:Aug 07, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Oct 31, 2025
Earnings Call Sentiment Neutral
The earnings call reflects positive developments in revenue growth, particularly in lung diagnostic testing and development services, as well as in operational efficiency with improved gross margins. However, these positives are offset by increased operating expenses, net loss, and adjusted EBITDA loss, which paint a balanced picture of achievements and challenges.
Q2-2025 Updates
Positive Updates
Revenue Growth
Biodesix reported a 12% increase in total revenue year-over-year, achieving $20 million in the second quarter of 2025.
Lung Diagnostic Testing Expansion
The company increased lung diagnostic testing revenue by 8% and test volumes by 9%, with $17.9 million in revenue from approximately 15,100 tests.
Development Services Growth
Development Services revenue grew 53% year-over-year to $2.1 million, with $12.5 million under contract, representing a 54% increase over the prior year and an all-time high.
Improved Gross Margins
Gross margins improved by 150 basis points to 80%, despite increases in supply costs and macroeconomic uncertainty.
Primary Care Strategy Success
Primary care ordering of lung diagnostic tests increased to 9% in June, up from 4% prior to the pilot program in 2024.
Negative Updates
Increased Operating Expenses
Overall operating expenses increased by 15% year-over-year to $25.7 million, driven by sales team expansion and increased R&D expenses.
Increased Net Loss
The net loss for the second quarter was $11.5 million, representing a 6% increase year-over-year.
Adjusted EBITDA Loss
Adjusted EBITDA loss increased by 29% year-over-year, amounting to $7.2 million.
Company Guidance
During the Biodesix Q2 2025 earnings call, the company provided guidance on its strategic and financial goals. They reported a 12% year-over-year increase in revenue, reaching $20 million, with lung diagnostic testing contributing $17.9 million from approximately 15,100 tests, marking an 8% revenue growth and 9% increase in test volumes. Biodesix aims to achieve a positive adjusted EBITDA by Q4 2025, driven primarily by revenue growth and an expansion of their sales team, which averaged 74 reps in Q2 and is expected to reach 93 to 97 by Q4. The company also reported a gross margin improvement of 150 basis points to 80% and highlighted the success of their Development Services, which saw a 53% revenue increase to $2.1 million, with $12.5 million under contract—an all-time high. Additionally, Biodesix noted the significant growth in electronic ordering, which increased by 63% over the previous year, contributing to a 40% higher customer retention rate in offices utilizing digital ordering.

Biodesix Financial Statement Overview

Summary
Biodesix is experiencing revenue growth, but profitability and cash flow challenges persist. High leverage and negative equity returns indicate financial instability, while strong gross margins suggest potential for improvement if cost management is addressed. The company needs to focus on reducing debt and improving operational efficiency to enhance financial health.
Income Statement
45
Neutral
Biodesix shows a consistent increase in revenue with a TTM growth rate of 2.81%, indicating positive momentum. However, the company struggles with profitability, as evidenced by negative net profit margins and EBIT margins. The gross profit margin is strong at 78.77% TTM, but the persistent negative net income highlights ongoing challenges in cost management and operational efficiency.
Balance Sheet
30
Negative
The balance sheet reveals significant leverage with a TTM debt-to-equity ratio of 63.39, indicating high financial risk. The return on equity is negative, reflecting losses and insufficient returns for shareholders. The equity ratio is low, suggesting limited asset backing by equity, which could pose risks in financial stability.
Cash Flow
40
Negative
Cash flow analysis shows a negative free cash flow growth rate of -30.86% TTM, indicating deteriorating cash generation. The operating cash flow to net income ratio is negative, highlighting cash flow challenges. However, the free cash flow to net income ratio is slightly positive, suggesting some ability to cover net losses with free cash flow.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue76.56M71.32M49.09M38.21M54.51M45.56M
Gross Profit60.30M55.75M36.08M24.06M23.99M23.56M
EBITDA-29.63M-29.22M-37.10M-53.78M-35.47M-20.84M
Net Income-41.08M-42.93M-52.15M-65.45M-43.16M-31.35M
Balance Sheet
Total Assets87.74M97.24M99.10M92.91M76.10M121.07M
Cash, Cash Equivalents and Short-Term Investments20.73M26.25M26.28M43.09M32.71M62.13M
Total Debt72.14M61.98M60.69M31.85M10.01M27.77M
Total Liabilities86.60M76.37M94.52M72.30M56.37M79.90M
Stockholders Equity1.14M20.88M4.58M20.61M19.73M41.17M
Cash Flow
Free Cash Flow-31.30M-51.88M-45.93M-48.51M-30.77M-23.54M
Operating Cash Flow-29.94M-48.65M-22.87M-44.97M-28.22M-21.37M
Investing Cash Flow-1.40M-3.44M-23.06M-3.53M-2.55M-2.93M
Financing Cash Flow9.85M52.05M29.13M58.88M1.26M81.13M

Biodesix Technical Analysis

Technical Analysis Sentiment
Positive
Last Price8.08
Price Trends
50DMA
8.04
Positive
100DMA
7.17
Positive
200DMA
13.08
Negative
Market Momentum
MACD
-0.20
Positive
RSI
53.19
Neutral
STOCH
66.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BDSX, the sentiment is Positive. The current price of 8.08 is below the 20-day moving average (MA) of 8.18, above the 50-day MA of 8.04, and below the 200-day MA of 13.08, indicating a neutral trend. The MACD of -0.20 indicates Positive momentum. The RSI at 53.19 is Neutral, neither overbought nor oversold. The STOCH value of 66.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BDSX.

Biodesix Risk Analysis

Biodesix disclosed 83 risk factors in its most recent earnings report. Biodesix reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Biodesix Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
237.20M-12.08-80.73%3.89%7.92%
57
Neutral
216.80M-5.01-256.51%22.56%41.62%
49
Neutral
117.61M-3.64-68.82%0.93%13.99%
45
Neutral
65.14M-2.4873.31%35.10%39.15%
44
Neutral
202.58M-1.37-102.21%-47.56%-65.54%
42
Neutral
$57.20M-219.68%25.70%39.25%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
BDSX
Biodesix
8.39
-25.61
-75.32%
VNRX
VolitionRX
0.60
0.04
7.14%
ACRS
Aclaris Therapeutics
1.87
0.69
58.47%
MDXH
MDxHealth
4.38
2.38
119.00%
XGN
Exagen
10.78
7.64
243.31%
SERA
Sera Prognostics
3.09
-4.32
-58.30%

Biodesix Corporate Events

Stock Split
Biodesix Announces Reverse Stock Split Effective Sept 15
Neutral
Sep 11, 2025

On September 11, 2025, Biodesix, Inc. announced a one-for-twenty reverse stock split of its common stock, effective September 15, 2025. This move, approved by stockholders in May 2025, will reduce the number of outstanding shares from approximately 156 million to 8 million, while maintaining the same percentage ownership for stockholders, except for fractional shares which will be compensated in cash. The reverse stock split will also adjust the number of shares and exercise prices for the company’s outstanding equity awards and warrants, aiming to enhance the company’s stock market positioning.

The most recent analyst rating on (BDSX) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Biodesix stock, see the BDSX Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Sep 24, 2025