Gross MarginGross margin of 62.7% declined Y/Y due to timing and test mix, and expanded ~150bp Q/Q.
Market SentimentShares remain depressed, representing an entry point for investors seeking growth with near-term bottom line improvement.
Stock PerformanceShares are down 48% year-to-date, driven down by financing overhang, limited market liquidity, and a somewhat negative sentiment toward the broader diagnostics space.