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Stock impact report

Veracyte Inc (VCYT) Reports 22% Revenue Growth in 2023, Maintains Positive Cash Flow Outlook [Yahoo! Finance]

Veracyte, Inc. (VCYT) 
Last veracyte, inc. earnings: 2/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.veracyte.com/investor-relations
Company Research Source: Yahoo! Finance
Test Volume Increase : The company saw a 24% increase in total test volume for the year, indicating strong demand for its diagnostic products. Operational Cash Flow : Veracyte generated $44 million in cash from operations and ended the year with $216 million in cash and cash equivalents. Net Loss : Despite revenue growth, the company recorded a net loss of $74.4 million for the year, including significant impairment charges. 2024 Outlook : Veracyte maintains its total revenue guidance for 2024, projecting between $394 million to $402 million. Warning! GuruFocus has detected 1 Warning Sign with VCYT. On February 22, 2024, Veracyte Inc ( NASDAQ:VCYT ), a leading genomic diagnostics company, released its 8-K filing , announcing financial results for the fourth quarter and full year ended December 31, 2023. The company, known for its genomic diagnostic products and services aimed at improving patient care for diseases such as thyroid cancer, lung cancer, and idiopathic pulmonar Show less Read more
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