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Stock impact report

OraSure Technologies Inc (OSUR) Reports Q4 Revenue Decline Amidst Strategic Growth Efforts [Yahoo! Finance]

OraSure Technologies, Inc. (OSUR) 
Last orasure technologies, inc. earnings: 2/19 04:00 pm Check Earnings Report
Company Research Source: Yahoo! Finance
COVID-19 Impact: COVID-19 related revenue dropped by 53% in Q4. Gross Margin: Improved to 46.3% in Q4 from 40.5% in the same period last year. Operating Income: GAAP operating income was $3.9 million, a decrease from $14.6 million in Q4 2022. Net Income: Reported at $20.1 million, up 27% from the previous year. Cash Balance: Grew to $290.4 million as of December 31, 2023. Warning! GuruFocus has detected 4 Warning Signs with OSUR. OraSure Technologies Inc ( NASDAQ:OSUR ) released its 8-K filing on February 27, 2024, revealing a mixed financial performance for the fourth quarter of 2023. The company, known for its medical devices that focus on diagnostics and molecular solutions, reported a 38% decrease in total net revenues compared to the same quarter in the previous year, with a notable decline in COVID-19 related revenue. Despite this, OraSure maintained stability in its core business revenue, which saw a slight increase. OraSure's diagnostics segment, which includes Show less Read more
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