Strong Revenue Growth
Veracyte delivered 14% revenue growth year-over-year with total revenue of $130 million. Testing revenue grew 14% year-over-year, or 16% when adjusted for Envisia.
Decipher Volume Growth
Decipher tests delivered approximately 25,500 tests, resulting in a year-over-year volume growth of 28%, marking the 13th consecutive quarter of over 25% year-over-year volume growth.
Adjusted EBITDA Margin Exceeds Expectations
Veracyte achieved an adjusted EBITDA margin of 27.5%, vastly exceeding expectations.
Successful Launch of Decipher Prostate Test
The Decipher Prostate test was launched for use in the metastatic population, with positive feedback from physicians and potential guideline inclusion in the coming years.
Afirma Volume Growth
Afirma’s volume growth increased 8% year-over-year, with approximately 16,950 tests conducted.
Cash Position
The company ended the quarter with $320.7 million in cash and cash equivalents.