Included in operating expenses for the three months ended June 30, 2019 were non-cash charges of $9.6 million, including $6.5 million of stock-based compensation expense and $3.1 million of depreciation and amortization expenses, compared with non-cash charges for the same period in 2018 of $8.3 million, including $5.2 million of stock-based compensation expense and $3.1 million of depreciation and amortization expenses. Cash, cash equivalents and short-term marketable securities at June 30, 2019 were $244 million, an increase of $34 million compared with $210 million at December 31, 2018. To access the live and subsequently archived webcast of the conference call, go to the Investor Relations section of the company's website at http://investor.genomichealth.com. The top 10 competitors average 416.6M. Your browser will redirect to your requested content shortly. [])), +((!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+!![]+[])+(!+[]+(!![])-[])+(!+[]-(!![]))+(!+[]+(!![])+!![]+!![])+(+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![])+(!+[]+(!![])-[])+(!+[]+(!![])+!![]))/+((!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+!![]+[])+(!+[]+(!![])+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![])+(!+[]-(!![]))+(!+[]-(!![]))+(!+[]-(!![]))+(!+[]+(!![])+!![]+!![]+!![]+!![])+(!+[]+(!![])-[])+(!+[]+(!![])+!![]+!! Included in short-term marketable securities as of December 31, 2018 and December 31, 2017 is $3.1 million and $3.5 million, respectively, of corporate equity securities, representing the company's investment in Biocartis N.V. Income (loss) from operations reconciliation: Cost of product revenues – cessation of Oncotype SEQ, Research and development – cessation of Oncotype SEQ, Selling and marketing – cessation of Oncotype SEQ, General and administrative – cessation of Oncotype SEQ, Research and development – Biocartis license and option fee payments, Research and development – discount on convertible promissory note, Research and development – discount on equity investment for lack of marketability during lock up period, Research and development – milestone payment Biocartis, Research and development – Cleveland Diagnostics cancellation of collaboration agreement, Other income – Biocartis - change in fair value, Other income – Epic Sciences - revaluation of investment, Non-recurring gain on sale of marketable securities, Reduced income tax expense from the sale of marketable securities, Non-GAAP Constant Currency Reconciliations, Period over period constant currency increase, Period over period constant currency increase percentage. Non-GAAP information is not intended to be considered in isolation or as a substitute for comparable information prepared in accordance with GAAP. Genomic Health (GHDX) delivered earnings and revenue surprises of 20.00% and 2.91%, respectively, for the quarter ended June 2019. U.S. product revenue was $334.7 million for the full year 2018, compared with pre-606 adjusted revenue* of $281.6 million for 2017, an increase of 19 percent. Please dial in approximately 10 minutes prior to the start of the call. © 2020 Genomic Health. The company also considers the impact of foreign currency exchange rates on its global business as described in the constant currency table accompanying this press release. Genomic Health has 829 employees and is ranked 5th among it's top 10 competitors. Do the numbers hold … Please connect to the website at least 15 minutes prior to the presentation to allow for any software download that may be necessary. [])). (Annual sales and employees).
Need Data? Included in short-term marketable securities as of June 30, 2019 and December 31, 2018 is $3.2 million and $3.1 million, respectively, of corporate equity securities, representing the company's investment in Biocartis N.V. Non-GAAP Constant Currency Reconciliations, Period over period constant currency increase, Period over period constant currency increase percentage. Please dial in approximately 10 minutes prior to the start of the call. Cash and cash equivalents and short-term marketable securities at December 31, 2018, were $209.8 million, an increase of $80.2 million compared with $129.6 million at December 31, 2017. Effective January 1, 2018, the company adopted new accounting guidance ASC Topic 606 ("ASC 606"), related to revenue from contracts with customers, using a modified retrospective method. It is classified as operating in the Legal Services industry. 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NOTE: The Genomic Health logo, Oncotype, Oncotype DX, Breast Recurrence Score, DCIS Score, Genomic Prostate Score, GPS, Oncotype DX AR-V7 Nucleus Detect, and Oncotype IQ are trademarks or registered trademarks of Genomic Health, Inc. All other trademarks and service marks are the property of their respective owners. Since the as-reported 2017 quarterly and annual financial statements will not be restated to reflect the new accounting standard, the company has provided a supplemental financial schedule in the non-GAAP tables at the end of this press release, reflecting an estimate of revenue as if the new standard had been applied to the historical 2017 product revenue portion of revenue as of January 1, 2017, referred to herein as "pre-606 adjusted revenue.". Wir und unsere Partner nutzen Cookies und ähnliche Technik, um Daten auf Ihrem Gerät zu speichern und/oder darauf zuzugreifen, für folgende Zwecke: um personalisierte Werbung und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr über die Zielgruppe zu erfahren sowie für die Entwicklung von Produkten. Genomic Health is expanding its test portfolio to include additional liquid- and tissue-based tests, including the Oncotype DX® AR-V7 Nucleus Detect™ test. An explanation and reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures is included in the tables accompanying this press release. Condensed Consolidated Statements of Operations, Product revenues - Outside of the United States, Unrealized gain (loss) on investments, net, Shares used in computing basic net income (loss) per share. Pre-606 Adjusted Total product revenue, net of adjustments: Total Pre-606 Adjusted total product revenue. These risks and uncertainties include, but are not limited to: the risk that the company may not achieve its 2019 guidance estimates and the assumptions underlying such guidance; the successful completion of the annual audit of the company's financial statements; the risks and uncertainties associated with the regulation of the company's tests; the results of clinical studies and their impact on reimbursement and adoption; the applicability of clinical study results to actual outcomes; the company's ability to develop and commercialize new tests and expand into new markets domestically and internationally; the commercial success of any collaborations entered into by the company; the risk that the company may not obtain or maintain sufficient levels of reimbursement, domestically or abroad, for its existing tests and any future tests it may develop; the risks of competition; unanticipated costs or delays in research and development efforts; the company's ability to obtain capital when needed and the other risks set forth in the company's filings with the Securities and Exchange Commission, including the risks set forth in the company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2018. 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Pre-606 Adjusted International product revenue, net of adjustments: Total Pre-606 Adjusted International product revenue, Total ASC 606 adjustment to total product revenue. Oncotype DX international tests delivered grew 15 percent in the fourth quarter of 2018, compared with the same period in 2017 and represented approximately 24 percent of total test volume in the quarter. Presented results from multiple studies in men on active surveillance at the 2019 Genitourinary Cancers Symposium demonstrating association between the Oncotype DX GPS test and adverse pathology, underscoring its value in identifying patients who will ultimately require surgery due to disease progression. Watch CEO Kim Popovits and others discuss the motivation, inspiration, and rewards of working at Genomic Health, as well as the company's vision for the future.
"With this record first-half performance, a public reimbursement recommendation in Germany and increasing private coverage for our urology tests, we are raising both our full-year 2019 revenue and net income guidance.". Revenue growth in the fourth quarter would have been 18 percent excluding $3.5 million to reflect ASC-606 portfolio adjustments. REDWOOD CITY, Calif., Feb. 20, 2019 /PRNewswire/ -- Genomic Health, Inc. (NASDAQ: GHDX) today reported financial results and business progress for the quarter and year ended December 31, 2018. The company believes that excluding these items and their related tax effects from its financial results reflects operating results that are more indicative of the company's ongoing operating performance while improving comparability to prior periods, and, as such, may provide investors with an enhanced understanding of the company's past financial performance and prospects for the future. This estimate is higher than its previous gu… More than 35,530 Oncotype™ test results were delivered in the fourth quarter of 2018, an increase of 11 percent, compared with more than 31,990 test results delivered in the same period in 2017. "Additionally, positive results from the landmark NCI-sponsored TAILORx trial, published in June, elevated Oncotype DX to a new global standard of care for early-stage breast cancer. U.S. product reported revenue was $287.4 million for 2017. Adjustment related to new ASC 606 accounting standard: Total ASC 606 adjustment to U.S. product revenue. Genomic Health market cap is $2.4 b, and annual revenue was $394.11 m in FY 2018. Investors & MediaEmily FaucetteGenomic [email protected] [email protected], View original content to download multimedia:http://www.prnewswire.com/news-releases/genomic-health-reports-19-revenue-growth-and-record-profit-in-second-quarter-2019-raises-full-year-guidance-300892185.html. Non-GAAP Supplemental Financial Information (1). Additional private insurers established new coverage for the Oncotype DX Genomic Prostate Score test, bringing the total number of U.S. covered lives to more than 116 million, including Medicare.