Biodesix, Inc BDSX reported weaker-than-expected outcomes for the very first quarter on Tuesday.
The business published quarterly losses of 8 cents per share which missed out on the expert agreement quote of losses of 7 cents per share. The business reported quarterly sales of $17.96 million which missed out on the expert agreement quote of $19.47 million.
” Our quarter was highlighted by continued development towards our 3 essential objectives for 2025– growing leading line earnings, enhancing functional effectiveness and take advantage of, and advancing our pipeline,” stated Scott Hutton, President. “Year-over-year, we grew earnings by 21%, powered by development in both our lung diagnostic screening and diagnostic services, all while reducing our SG&An invest. Lung Diagnostics earnings grew 18%, which is the 16th straight quarter of higher than 15% development. We likewise increased our currently strong gross margins to 79.4%, enhanced Bottom line by 18% and Changed EBITDA by 11% on our course to success, and provided several research studies on our pipeline items to assist assist in future development.”
Biodesix reduced its FY2025 sales assistance from $92.00 million-$ 95.00 million to $80.00 million-$ 85.00 million.
Biodesix shares fell 39.3% to trade at $0.2180 on Wednesday.
These experts made modifications to their rate targets on Biodesix following profits statement.
- Lake Street expert Thomas Flaten kept Biodesix with a Buy and reduced the rate target from $3 to $2.
- Canaccord Genuity expert Kyle Mikson kept the stock with a Buy and reduced the rate target from $2.5 to $1.5.
- William Blair expert Brian Weinstein devalued Biodesix from Outperform to Market Perform.
Thinking about purchasing BDSX stock? Here’s what experts believe:
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