Norway's Genetic Analysis Q1 gross margin hurt by US duties, currency impact

Genetic Analysis As

28/05/2026 07:54

Overview
Norway diagnostics firm's Q1 sales revenue rose 60% yr/yr, driven by GA-map kit demand
Gross margin declined to 73.2% due to US customs duties and weaker USD
Company secured new patents in Canada and US, launched AI-assisted interpretation platform

Outlook
Company did not provide specific guidance or financial outlook for the current qtr or yr in press release

Result Drivers
REAGENT KIT SALES - Growth in recurring GA-map reagent kit sales drove Q1 revenue increase
CURRENCY AND DUTIES - Gross margin declined due to US customs duties and weaker USD

Company press release: ID:nWkrbdw1Ss

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
 
NOK 3.8 mln

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)