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Grail | 10-Q: Quarterly report

Grail | 10-Q: Quarterly report

Grail | 10-Q:季度报表
美股SEC公告 ·  2024/11/13 15:18

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GRAIL reported Q3 2024 revenue of $28.7 million, up 38% year-over-year, driven by a 57% increase in Galleri test volume despite a 3% decrease in average selling price. Screening revenue grew 52% to $25.4 million while development services revenue declined 18% to $3.3 million. The company posted a net loss of $125.7 million, compared to $891.4 million in Q3 2023.The company implemented a restructuring plan in August 2024 to focus on its core MCED business and reduce costs, resulting in a 25% workforce reduction and $19 million in restructuring charges. Management expects the plan to generate approximately $120 million in annual cost savings and extend cash runway from second half of 2026 into 2028. The company ended the quarter with $853.6 million in cash and cash equivalents.GRAIL continues advancing its PMA submission for Galleri to the FDA while operating as an independent public company following its spin-off from Illumina in June 2024. The company received $932.3 million in disposal funding from Illumina and entered into various agreements to govern the ongoing relationship between the companies, including supply, tax, and stockholder arrangements.
GRAIL reported Q3 2024 revenue of $28.7 million, up 38% year-over-year, driven by a 57% increase in Galleri test volume despite a 3% decrease in average selling price. Screening revenue grew 52% to $25.4 million while development services revenue declined 18% to $3.3 million. The company posted a net loss of $125.7 million, compared to $891.4 million in Q3 2023.The company implemented a restructuring plan in August 2024 to focus on its core MCED business and reduce costs, resulting in a 25% workforce reduction and $19 million in restructuring charges. Management expects the plan to generate approximately $120 million in annual cost savings and extend cash runway from second half of 2026 into 2028. The company ended the quarter with $853.6 million in cash and cash equivalents.GRAIL continues advancing its PMA submission for Galleri to the FDA while operating as an independent public company following its spin-off from Illumina in June 2024. The company received $932.3 million in disposal funding from Illumina and entered into various agreements to govern the ongoing relationship between the companies, including supply, tax, and stockholder arrangements.
GRAIL报告2024财年第三季度营业收入为2870万美元,比去年同期增长38%,尽管平均售价下降了3%,但Galleri检测的成交量仍增长了57%。筛查收入增长52%,达到2540万美元,而开发服务收入下降18%,降至330万美元。公司报告净亏损为12570万美元,而2023年第三季度的净亏损为89140万美元。公司在2024年8月实施了一项重组计划,专注于其核心MCED业务并减少成本,导致25%的员工裁减和1900万美元的重组费用。管理层预计该计划将每年产生约12000万美元的成本节约,并将现金流延续从2026年下半年延长至2028年。公司在本季度末的现金及现金等价物为85360万美元。GRAIL继续推动Galleri的PMA提交给FDA,同时在2024年6月从Illumina独立后,以独立上市公司的身份运营。公司从Illumina获得了93230万美元的处置资金,并签订了多项协议以监管两家公司之间的持续关系,包括供应、税务和股东安排。
GRAIL报告2024财年第三季度营业收入为2870万美元,比去年同期增长38%,尽管平均售价下降了3%,但Galleri检测的成交量仍增长了57%。筛查收入增长52%,达到2540万美元,而开发服务收入下降18%,降至330万美元。公司报告净亏损为12570万美元,而2023年第三季度的净亏损为89140万美元。公司在2024年8月实施了一项重组计划,专注于其核心MCED业务并减少成本,导致25%的员工裁减和1900万美元的重组费用。管理层预计该计划将每年产生约12000万美元的成本节约,并将现金流延续从2026年下半年延长至2028年。公司在本季度末的现金及现金等价物为85360万美元。GRAIL继续推动Galleri的PMA提交给FDA,同时在2024年6月从Illumina独立后,以独立上市公司的身份运营。公司从Illumina获得了93230万美元的处置资金,并签订了多项协议以监管两家公司之间的持续关系,包括供应、税务和股东安排。
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