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Stock impact report

NeoGenomics (NEO) Q1 2025 Earnings Transcript [Globe and Mail, The (Toronto, Canada)]

NeoGenomics, Inc. (NEO) 
Last neogenomics, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.neogenomics.com
Chief Financial Officer — Jeffrey S. Sherman President and Chief Operating Officer — Warren Stone Chief Innovation Officer — Andrew Lukowiak Head of Strategy and Transformation — Kareem Saad Need a quote from a Motley Fool analyst? Email pr@fool.com TAKEAWAYS Total Revenue -- $168 million, up 8% year over year, with the quarter setting a new record for test volumes and in line with management's 8%-10% Q1 guidance. Adjusted EBITDA -- $7.1 million for Q1, representing over 100% growth compared to the prior year and marking a seventh consecutive quarter of positive adjusted EBITDA. Clinical Testing Volume -- Increased 8% year over year, with next-generation sequencing (NGS) revenue up 18%, and five new NGS products driving 22% of total clinical revenue. Adjusted Gross Margin -- 47%, improved by 146 basis points, resulting in adjusted gross profit of $79 million (up 11% versus prior year). Clinical Revenue -- Rose by $15 million, or 11.3%, while non-clinical revenue d Show less Read more
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