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NeoGenomics NEO Q2 2024 earnings

Reported July 29, 2024 · After market close

Revenue$164.5MMiss by $2.1M
EPS$0.03Beat by $0.03
Revenue estimate$166.6M
EPS estimate$0.00

Next report

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

Financials

Q2 2024

Income statement

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Revenue$164.5M+12.0%
Gross profit$72.5M+21.0%
Operating income-$21.9M+26.6%
Net income-$18.6M+23.4%
EPS (diluted)-$0.15+21.1%

Balance sheet

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Cash & equivalents$355.1M+22.8%
Total debt$66.9M-8.2%
Total equity$915.9M-4.2%
Total assets$1.6B-3.1%

Cash flow

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CapEx$13.1M+74.5%
Free cash flow-+100%

Valuation & ratios

Valuation

as of 06/30/24
See full
Market cap$1.75B-13.4%
Enterprise value$1.46B-19.0%
P/S2.8×-0.9×

Profitability

See full
Gross margin42.6%+2.7pp
Operating margin-15.2%-4.0pp
Net margin-12.5%-3.6pp

Returns & leverage

See full
Return on equity-8.4%-1.8pp
Debt / equity0.1×0.0×
Current ratio-4.1×

Segments

By product

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Client direct billing$95.2M+14.4%
Commercial insurance$24.8M+14.5%
Self-pay$157.0K+76.4%

Versus estimates

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Questions, answered.

When did NeoGenomics report Q2 2024 earnings?
NeoGenomics (NEO) reported Q2 2024 earnings on July 29, 2024 after market close.
What were NeoGenomics's Q2 2024 revenue and EPS?
NeoGenomics reported revenue of $164.5M and eps of $0.03 for Q2 2024.
Did NeoGenomics beat estimates in Q2 2024?
Revenue missed the consensus estimate of $166.6M by $2.1M. EPS beat the consensus estimate of $0.00 by $0.03.
Where can I find NeoGenomics's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0001077183-24-000109) directly on SEC EDGAR. The filing index links above go to sec.gov.