NASDAQ$NEO
NeoGenomics Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
NeoGenomics reported strong Q3 2024 results with double-digit revenue growth and significant adjusted EBITDA increase, while serving a record number of patients.
NeoGenomics reported a 10% increase in consolidated revenue, reaching $168 million, and a 305% increase in adjusted EBITDA to $13 million. Clinical Services revenue grew by 14% to $146 million, driven by higher value tests and strategic reimbursement initiatives. The company revised its full-year 2024 adjusted EBITDA guidance to $37-$40 million.
- Consolidated revenue increased 10% to $168 million.
- Clinical Services revenue increased 14% to $146 million.
- Adjusted EBITDA increased 305% to $13 million.
- Net loss decreased 4% to $18 million.
Headline financials
Revenue & EPS history
NeoGenomics · Revenue · Quarterly
$168M
Forward guidance
The Company again revised its full-year 2024 guidance, as previously revised on July 29, 2024. Revised FY 2024 Guidance Low: Consolidated revenue $655 million, Net loss $(81) million, Adjusted EBITDA $37 million. Revised FY 2024 Guidance High: Consolidated revenue $667 million, Net loss $(78) million, Adjusted EBITDA $40 million.
Tailwinds
- Revised FY 2024 Guidance Low: Consolidated revenue $655 million
- Revised FY 2024 Guidance Low: Adjusted EBITDA $37 million
- Revised FY 2024 Guidance High: Consolidated revenue $667 million
- Revised FY 2024 Guidance High: Net loss $(78) million
- Revised FY 2024 Guidance High: Adjusted EBITDA $40 million
Headwinds
- Revised FY 2024 Guidance Low: Net loss $(81) million
- The Company reserves the right to adjust this guidance at any time based on the ongoing execution of its business plan.
- Current and prospective investors are encouraged to perform their own due diligence before buying or selling any of the Company’s securities
- The foregoing estimates should not be construed as a guarantee of future performance.
- GAAP net loss in 2024 will be impacted by certain charges, including: (i) expense related to the amortization of intangible assets, (ii) stock-based compensation, (iii) restructuring charges, and (iv) other one-time expenses.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+2.1%
Avg return
Earnings day
+3.4%
Avg return
5 days after
+2.7%
Avg return
30 days after
53%
34 / 64 earnings
Positive
+28.1%
Q3 2013
Best reaction
-34.0%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +4.8% | +9.6% | +18.4% | |
| Q4 2025 | +0.5% | -13.1% | -28.1% | |
| Q3 2025 | -2.5% | -3.8% | +19.4% | |
| Q1 2025 | -34.0% | -22.8% | -26.1% | |
| Q4 2024 | -13.9% | -23.0% | -31.1% | |
| Q3 2024 | +9.3% | +11.5% | +21.6% | |
| Q2 2024 | +16.1% | +15.4% | +9.7% | |
| Q1 2024 | -8.3% | +0.5% | -8.0% | |
| Q4 2023 | +14.8% | +16.9% | +7.5% | |
| Q3 2023 | +9.6% | +3.2% | +19.1% | |
| Q2 2023 | -6.2% | -11.0% | -11.3% | |
| Q1 2023 | +19.2% | +26.4% | +13.9% | |
| Q4 2022 | +18.2% | +26.2% | +26.4% | |
| Q3 2022 | +23.1% | +58.5% | +70.0% | |
| Q2 2022 | +16.1% | +23.4% | +3.6% | |
| Q1 2022 | -10.1% | -10.1% | -18.1% | |
| Q4 2021 | +11.2% | +14.4% | -6.0% | |
| Q3 2021 | -11.1% | -6.7% | -34.5% | |
| Q2 2021 | -4.6% | -12.7% | +7.7% | |
| Q1 2021 | -11.6% | -19.5% | -14.0% | |
| Q4 2020 | -4.0% | +0.3% | -12.5% | |
| Q3 2020 | -5.0% | -6.5% | +9.0% | |
| Q2 2020 | +1.9% | +3.8% | +2.4% | |
| Q1 2020 | +2.4% | -14.1% | -8.7% | |
| Q4 2019 | -5.5% | -0.2% | -14.3% | |
| Q3 2019 | +11.3% | +8.7% | +23.7% | |
| Q2 2019 | +0.3% | +4.6% | +2.0% | |
| Q1 2019 | +2.9% | +11.3% | +2.4% | |
| Q4 2018 | +4.6% | +7.6% | +12.5% | |
| Q3 2018 | +15.0% | +12.1% | +3.7% | |
| Q2 2018 | -1.6% | -1.5% | -1.9% | |
| Q1 2018 | +5.2% | +7.0% | +21.1% | |
| Q4 2017 | +12.1% | +15.8% | +9.9% | |
| Q3 2017 | +4.2% | +3.2% | +12.2% | |
| Q2 2017 | +2.5% | +2.5% | +3.5% | |
| Q1 2017 | -11.6% | -12.2% | -13.3% | |
| Q4 2016 | +1.6% | +3.4% | -3.2% | |
| Q3 2016 | +11.6% | +10.1% | +29.4% | |
| Q2 2016 | -1.5% | -5.7% | -14.4% | |
| Q1 2016 | +5.8% | — | — | |
| Q4 2015 | +7.7% | — | — | |
| Q3 2015 | +0.7% | — | — | |
| Q2 2015 | -4.6% | — | — | |
| Q1 2015 | +0.0% | — | — | |
| Q4 2014 | +0.5% | — | — | |
| Q3 2014 | +6.0% | — | — | |
| Q2 2014 | +24.2% | — | — | |
| Q1 2014 | +8.9% | — | — | |
| Q4 2013 | -10.6% | — | — | |
| Q3 2013 | +28.1% | — | — | |
| Q2 2013 | -3.5% | — | — | |
| Q1 2013 | -1.1% | — | — | |
| Q4 2012 | -10.9% | — | — | |
| Q3 2012 | +0.0% | — | — | |
| Q2 2012 | -3.5% | — | — | |
| Q1 2011 | -0.6% | — | — | |
| Q1 2012 | +0.0% | — | — | |
| Q4 2011 | +0.6% | — | — | |
| Q3 2011 | +0.0% | — | — | |
| Q2 2011 | -3.4% | — | — | |
| Q4 2010 | -3.7% | — | — | |
| Q3 2010 | +9.1% | — | — | |
| Q2 2010 | +0.0% | — | — | |
| Q1 2010 | -1.4% | — | — |
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