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NeoGenomics NEO Q1 2024 earnings

Reported April 30, 2024 · Before market open

Revenue$156.2MMiss by $6.0M
EPS-$0.02Miss by $0.01
Revenue estimate$162.2M
EPS estimate-$0.01

Next report

Oct 27, 2026 (in 3 months)
Revenue estimate$205.9M
EPS estimate$0.05

Financials

Q1 2024

Income statement

See full
Revenue$156.2M+13.9%
Gross profit$65.5M+19.4%
Operating income-$30.6M+12.8%
Net income-$27.1M+12.1%
EPS (diluted)-$0.21+16.0%

Balance sheet

See full
Cash & equivalents$331.9M+20.4%
Total debt$69.3M-6.8%
Total equity$923.4M-5.2%
Total assets$1.6B-4.0%

Cash flow

See full
Operating cash flow-$25.9M-104%
CapEx$5.6M-43.7%
Free cash flow-$31.5M-39.3%

Valuation & ratios

Valuation

as of 03/31/24
See full
Market cap$1.98B-9.2%
Enterprise value$1.72B-13.2%
P/S3.2×-0.9×

Profitability

See full
Gross margin41.8%+3.2pp
Operating margin-16.9%-4.5pp
Net margin-13.8%-4.1pp

Returns & leverage

See full
Return on equity-8.9%-1.9pp
Debt / equity0.1×0.0×
Current ratio7.5×+0.7×

Segments

By product

See full
Client direct billing$90.5M+17.8%
Commercial insurance$23.6M+10.5%
Self-pay$79.0K-24.0%

By segment

See full
Reportable Segment$156.2M+5.6%

Versus estimates

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Questions, answered.

When did NeoGenomics report Q1 2024 earnings?
NeoGenomics (NEO) reported Q1 2024 earnings on April 30, 2024 before market open.
What were NeoGenomics's Q1 2024 revenue and EPS?
NeoGenomics reported revenue of $156.2M and eps of $-0.02 for Q1 2024.
Did NeoGenomics beat estimates in Q1 2024?
Revenue missed the consensus estimate of $162.2M by $6.0M. EPS missed the consensus estimate of $-0.01 by $0.01.
Where can I find NeoGenomics's Q1 2024 SEC filings?
You can read the 10-Q periodic report (0001077183-24-000054) directly on SEC EDGAR. The filing index links above go to sec.gov.