NASDAQ$GRAL
Grail Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
GRAIL's second quarter revenue grew, and the company prioritized its portfolio and corporate restructure extending its cash runway.
GRAIL reported a 43% year-over-year increase in revenue to $32.0 million for the second quarter of 2024. The company's strategic update includes reducing overall spend and focusing on core multi-cancer early detection priorities, which is expected to extend the cash runway into 2028.
- Revenue in the second quarter was $32.0 million, representing 43% growth year over year.
- Net loss for the quarter was $(1.6) billion, including amortization and impairment of acquisition-related intangible items.
- Adjusted gross profit was $16.0 million.
- Cash and cash equivalents totaled $958.8 million as of June 30, 2024.
Headline financials
Revenue & EPS history
Grail Inc · Revenue · Quarterly
$32M
Revenue by segment
Grail Inc · $26.7M total across 2 segments · Q1 2024
- Screening revenue$23.5M—88.1%
- Development services$3.18M—11.9%
Forward guidance
GRAIL anticipates reducing its burn in 2025 to $325 million and expects $27 million in savings in 2024, net of anticipated severance and benefits costs.
Tailwinds
- Focusing resources on core multi-cancer early detection priorities.
- Progressing toward completion of registrational studies.
- Planning premarket approval application submission.
- Reducing existing headcount and planned hires for 2024 by approximately 30%.
- Substantially decreasing investment in product programs beyond Galleri.
Headwinds
- Reducing overall spend.
- Restructuring costs.
- Reducing the size of the commercial organization.
- Streamlining investments in the enterprise business.
- Making reductions in general and administrative expense.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 8 quarterly earnings reports · overlaid with Q2 2024
-4.0%
Avg return
Earnings day
-0.4%
Avg return
5 days after
+4.5%
Avg return
30 days after
50%
4 / 8 earnings
Positive
+4.8%
Q3 2023
Best reaction
-23.6%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.8% | +12.5% | +10.2% | |
| Q3 2025 | -1.9% | -3.9% | +7.1% | |
| Q1 2025 | -23.6% | -10.9% | -3.7% | |
| Q4 2024 | -14.7% | -8.1% | -36.6% | |
| Q3 2023 | +4.8% | -7.2% | +46.9% | |
| Q3 2024 | +4.1% | -3.3% | +35.8% | |
| Q2 2023 | +0.1% | +9.0% | -11.8% | |
| Q2 2024 | +0.1% | +9.0% | -11.8% | |
| Q1 2024 | — | — | — | |
| Q4 2023 | — | — | — | |
| Q1 2023 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q3 2019 | — | — | — |
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