GeneDx Holdings Corp (OQ:WGS)

Business Focus: Medical & Diagnostic Laboratories

Sector:  Healthcare Industry:  Healthcare Facilities & Services
 
See Regulatory Filings on SEC
Company Contact
Address: 333 Ludlow Street
North Tower, 8Th Floor
STAMFORD CT 06902
Tel: N/A
Website: https://sema4.com
IR: See website
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Key People
Katherine A. Stueland
Chief Executive Officer, Director
Kevin Feeley
Chief Financial Officer
 
Business Overview
GeneDx Holdings Corp. is a genomics company. The Company is focused on delivering personalized and actionable health insights to inform diagnosis, direct treatment and improve drug discovery. The Company's segments are GeneDx inclusive of Legacy GeneDx and Legacy Sema4. The GeneDx segment primarily provides pediatric and rare disease diagnostics with a focus on whole exome and genome sequencing and, to a lesser extent, data and information services. GeneDx utilizes an integrated portfolio of laboratory processes, software tools, and informatics capabilities to process deoxyribonucleic acid (DNA)-containing samples, analyze information about patient-specific genetic variation and generate test reports for clinicians and their patients. GeneDx provides a variety of genetic diagnostic tests, screening solutions, and information. The Legacy Sema4 diagnostics segment provides reproductive and women's health and somatic oncology diagnostic testing and screening products.
Financial Overview
For the nine months ended 30 September 2024, GeneDx Holdings Corp revenues increased 45% to $209.8M. Net loss decreased 62% to $57.7M. Revenues reflect GeneDx segment increase of 52% to $207M. Lower net loss reflects General & Administrative - Balancin decrease of 33% to $64.8M (expense), Impairment loss decrease from $10.4M (expense) to $0K. Basic Earnings per Share excluding Extraordinary Items increased from -$6.52 to -$2.18.
Employees: 1,000 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $2,148M as of Sep 30, 2024
Annual revenue (TTM): $267.23M as of Sep 30, 2024
EBITDA (TTM): -$30.45M as of Sep 30, 2024
Net annual income (TTM): -$83.50M as of Sep 30, 2024
Free cash flow (TTM): -$59.99M as of Sep 30, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 27,471,397 as of Oct 22, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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