Skip to main content
Premium Trial:

Request an Annual Quote

Exact Sciences Reports 64 Percent Increase in Preliminary Q4 Revenues

NEW YORK (GenomeWeb) – Exact Sciences reported late on Sunday that its preliminary fourth quarter revenues rose 64 percent year over year thanks to 66 percent growth in the number of completed Cologuard colorectal cancer diagnostic tests during the quarter.

For the three months ended Dec. 31, 2018, the company expects to report revenues of $142.5 million to $143.5 million, and said it completed approximately 292,000 Cologuard tests. Analysts are expecting revenues of $127.0 million for the quarter.

For full-year 2018, the company anticipates reporting total revenues of $454.0 million to $455.0 million, a year-over-year increase of 71 percent. Completed Cologuard test volume rose 64 percent during 2018 to approximately 934,000 tests, the firm added. Analysts are expecting revenues of $438.4 million for the year.

Nearly 15,000 healthcare providers ordered Cologuard for the first time during Q4, and the number of providers who have ordered Cologuard since its launch rose to nearly 147,000 during 2018, Exact said.

"2018 was a landmark year for Exact Sciences," Exact Chairman and CEO Kevin Conroy said in a statement. "We helped more than 930,000 people get screened for colorectal cancer, launched a partnership with Pfizer to help bring Cologuard to more patients, and scaled our operations to meet rising demand. Our team continues working hard to deliver life-changing innovations in early cancer detection. In 2019, we expect to open a new clinical lab, integrate Epic software into our operations, and advance our pipeline of liquid biopsy tests."

Exact said it will report full 2018 financial results and provide guidance for the coming year during its February 2019 earnings call.

The firm's shares rose more than 6 percent to $69.71 in Monday morning trading on the Nasdaq.

The Scan

International Team Proposes Checklist for Returning Genomic Research Results

Researchers in the European Journal of Human Genetics present a checklist to guide the return of genomic research results to study participants.

Study Presents New Insights Into How Cancer Cells Overcome Telomere Shortening

Researchers report in Nucleic Acids Research that ATRX-deficient cancer cells have increased activity of the alternative lengthening of telomeres pathway.

Researchers Link Telomere Length With Alzheimer's Disease

Within UK Biobank participants, longer leukocyte telomere length is associated with a reduced risk of dementia, according to a new study in PLOS One.

Nucleotide Base Detected on Near-Earth Asteroid

Among other intriguing compounds, researchers find the nucleotide uracil, a component of RNA sequences, in samples collected from the near-Earth asteroid Ryugu, as they report in Nature Communications.