The chart below shows how OSUR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, OSUR sees a +1.77% change in stock price 10 days leading up to the earnings, and a +9.03% change 10 days following the report. On the earnings day itself, the stock moves by -1.00%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Strong Revenue Performance: In Q3, total revenue was $39.9 million, with core revenue of $37.8 million, indicating strong performance.
International HIV Revenue Growth: Core revenue generated $22 million in Q3, increasing by 13% year-over-year, driven by strong order trends in the international HIV business.
Strong Operational Cash Flow: Operating cash flow for Q3 was $12.7 million, reflecting solid operational performance in the core business.
Strong Balance Sheet: The company ended Q3 with zero debt and total cash and cash equivalents of $279 million, showcasing a healthy balance sheet.
Gross Margin Consistency: GAAP gross margin in Q3 was 42.8%, consistent with expectations, indicating effective cost management.
Negative
Core Revenue Decline: Core revenue decreased 1% year-over-year in Q3, impacted by a decrease in revenue from the risk assessment testing business that we are exiting.
Q3 Revenue Decline: Sample management revenue in Q3 was $12.8 million, a decrease of 16% year-over-year, despite an increase on a sequential basis for the second consecutive quarter.
Operating Loss Comparison: GAAP operating loss in Q3 was $6 million, while non-GAAP operating loss was $2.7 million.
Core Revenue Decline: Core revenue, excluding COVID-19 products, was $37.8 million, indicating a decline in overall revenue performance.
Revenue Decline in Testing: The risk assessment testing business generated revenues of $1.9 million in Q3, a decline from $2.6 million in Q3'23.
OraSure Technologies, Inc. (OSUR) Q3 2024 Earnings Call Transcript
OSUR.O
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