Record Test Results and Revenue Growth
Exact Sciences delivered a record 1.3 million test results, with core revenue growth accelerating to 16% year-over-year. Adjusted EBITDA reached an all-time high of $138 million.
Increased Financial Guidance
Revenue guidance was raised by $55 million at midpoint, and adjusted EBITDA guidance was increased by $25 million.
Expansion of Cologuard Plus
The company expanded its agreement with two top payers, Humana and Centene, to include Cologuard Plus in-network, covering about 40 million members.
Medicare Coverage for Oncodetect
Gained Medicare reimbursement for Oncodetect, a molecular residual disease test, supporting its role in cancer treatment monitoring.
Launch of Cancerguard Test
Announced the launch of Cancerguard, a blood-based multi-cancer early detection test targeting a $25 billion addressable market.