Strong Revenue and Volume Growth
Veracyte delivered 14% revenue growth year-over-year with total revenue of $130 million and a 15% increase in test volume. Decipher and Afirma showed impressive volume growth, with Decipher growing 28% in volume year-over-year.
Decipher Test Milestones
Decipher delivered approximately 25,500 tests, on track to exceed 100,000 tests annually for the first time. This marks the 13th consecutive quarter of over 25% year-over-year volume growth.
Adjusted EBITDA Margin
Veracyte achieved an adjusted EBITDA margin of 27.5%, surpassing expectations and indicating strong financial performance.
Progress in Geographic Expansion
The French Commercial Court approved the sale of the contract manufacturing portion of Veracyte SAS, maintaining continuity of supply for the Prosigna IVD on nCounter.
Launch of New Offerings
Veracyte plans to launch Prosigna as an LDT in the U.S. breast cancer market by mid-2026, leveraging the PAM50 signature to inform treatment decisions.