financial guidance | GenomeWeb

financial guidance

The company also said it has closed a new $25 million debt facility, and will use the proceeds to retire outstanding debt and bolster the launch of AlloSure.

The company said it completed 82,000 Cologuard tests during the quarter, a 114 percent growth in test volume during the three-month period.

The firm's full-year 2016 revenues fell 9 percent, also on lower instrument sales.

The company said the divestiture of its medical imaging business in the fourth quarter reduced revenues to below previous guidance.  

For full year 2016, the company reported 8 percent revenue growth and net income of $2.02 billion.

The firm also reported that 2016 preliminary revenues were up 14 percent, and that Nanosphere MDx platform revenues rose 32 percent.

The company lowered its financial guidance for fiscal 2016, citing delays in recognizing fourth quarter revenue from its pharma services business.

The company anticipates adjusted earnings per share of $3.85 to $3.95 for the full year.

The GenomeWeb Index, which fell nearly 9 percent in October, rebounded to a 1 percent gain in November, but still underperformed the Dow and Nasdaq.

The firm saw a 6 percent boost year over year in test volumes for its AlloMap non-invasive blood test for heart transplant patients.

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