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Accelerate Diagnostics Reports Fourth Quarter and Full-Year 2024 Financial Results [Yahoo! Finance]

Accelerate Diagnostics, Inc. (AXDX) 
Last accelerate diagnostics, inc. earnings: 2/27 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.axdx.com/investors
Company Research Source: Yahoo! Finance
2024 Fourth Quarter Results Net sales for the quarter were $2.8 million , compared to $3.0 million for the same quarter of the prior year. The decline in revenues was primarily driven by lower sales of consumable products compared to the same period in the prior year. Gross margin was approximately 16% for the quarter, compared to approximately 21% for the same quarter of the prior year. The decline in gross margin primarily resulted from higher manufacturing related costs due to inflation and other factors. Selling, general, and administrative (SG&A) costs for the quarter were $4.6 million , compared to $5.8 million for the same quarter of the prior year. The decline in SG&A costs was primarily a result of lower employee-related expenses. SG&A costs include non-cash stock-based compensation of $0.8 million and $1.0 million , respectively, for the same periods. Research and development (R&D) costs for the quarter were $3.8 million , compared to $5.6 million for the same quart Show less Read more
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