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Stock impact report

NeoGenomics sees Q3 revenue of $63.1M, $2.8M shy of consensus; shares ease 1% after hours [Seeking Alpha]

NeoGenomics, Inc. (NEO) 
Last neogenomics, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.neogenomics.com
Company Research Source: Seeking Alpha
NeoGenomics sees Q3 revenue of $63.1M, $2.8M shy of consensus; shares ease 1% after hoursOn apreliminary basis, NeoGenomics (NASDAQ:NEO) expects Q3 revenue of $63.1M, up 4% yoy but shy of consensus of $65.9M.Non-GAAP EBITDA should be ~$6.0M. Clinical genetic test volume should be ~162.5K.The company says Hurricanes Harvey and Irma depressed revenue $1.0M and non-GAAP EBITDA $1.2M in the quarter. It also expects to record a one-time $1.3M charge to revenue to reflect a change in the process for estimating revenue for unbilled tests at quarter-end.Q3 revenue will be ~$1.3M less than Q2 as a result of the PathLogic divestiture.Preliminary Q4 guidance: Revenue: $65M - 67M; non-GAAP EBITDA: $9M - 10M.Shares are down1% after hours on increased volume.Now read:BioTime readies stock offering; shares down 3% after hours » Show less Read more
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