Consistent Revenue Growth
Achieved 16th consecutive quarter of 20% or greater revenue growth, with Q1 2025 revenue growth at 22%.
Strong Tissue-Based Test Performance
Tissue-based test volume grew 41% for the quarter, indicating significant market penetration and acceptance.
Improved Gross Profit and Margin
Gross profit increased 29% to $15.5 million, with gross margins rising to 63.8% from 60.8% in Q1 2024.
Positive Adjusted EBITDA Trend
Adjusted EBITDA improved by 71% to negative $1.3 million, with expectations to achieve positive adjusted EBITDA in Q2 2025.
Strategic Positioning in Prostate Cancer Diagnostics
MDxHealth positioned as a leader with proprietary tests like Confirm and GPS, capturing a significant portion of a $500 million market opportunity.