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Stock impact report

Guardant Health Reports First Quarter 2024 Financial Results and Increases 2024 Revenue Guidance [Yahoo! Finance]

Guardant Health, Inc. (GH) 
Last guardant health, inc. earnings: 2/24 04:03 pm Check Earnings Report
Company Research Source: Yahoo! Finance
PALO ALTO, Calif., May 09, 2024 BUSINESS WIRE )--Guardant Health, Inc. (Nasdaq: GH), a leading precision oncology company, today reported financial results for the quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Revenue of $168.5 million for the first quarter of 2024, an increase of 31% over the first quarter of 2023 Reported 46,900 tests to clinical customers and 8,450 tests to biopharmaceutical customers in the first quarter of 2024, representing increases of 20% and 37%, respectively, over the first quarter of 2023 Reduced free cash flow to $(37.2) million in the first quarter of 2024, compared to $(82.0) million in the prior year Raised 2024 annual guidance for revenue to a new range of $675 to $685 million, representing growth of 20% to 21% Improved annual free cash flow guidance to $(275) to $(285) million, a reduction of $60 to $70 million compared to 2023 Recent Operating Highlights Validated the strength and quality of ECLIPSE clinical d Show less Read more
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