MRD Approval DelaysThe company has now pushed their expected MRD MolDX approval timings twice in '25, with current guide calling for 2 approvals before YE, but does not include any revenue impact.
Revenue GuidanceManagement lowered their full year 2025 total revenue guidance range to $68M - $73M from prior $70M - $80M.
Stock Price ImpactThe stock sold off (~15%, on thin volumes) largely due to the reduced '25 guide, where 4Q revenues were guided (17%) below consensus.