Brief: Orasure Reports 4Q22 Revenue Of $123.1 Mln Growing 94% Year-Over-Year

OraSure Technologies

14/02/2023 21:48

Feb 14 (Reuters) - OraSure Technologies Inc  OSUR.O :
    * ORASURE REPORTS 4Q22 RECORD REVENUE OF $123.1 MILLION
GROWING
94% YEAR-OVER-YEAR; POSITIONS FOR LONGER-TERM GROWTH AND
PROFITABILITY
    * ORASURE TECHNOLOGIES INC - Q4 GAAP EPS OF $0.21; Q4
NON-GAAP EPS
OF $0.36
    * ORASURE TECHNOLOGIES INC - REDUCING OUR NON-PRODUCTION
WORKFORCE
BY 11%
    * ORASURE TECHNOLOGIES INC - IDENTIFIED MEANINGFUL EXPENSE
REDUCTIONS THROUGH RESTRUCTURING OUR TWO BUSINESS UNITS INTO A
SINGLE ORGANIZATION
    * ORASURE TECHNOLOGIES INC - ACTIONS WILL DRIVE COMPANY TO
ACHIEVING CASH FLOW BREAKEVEN FOR CORE BUSINESS BY END OF 2024
    * ORASURE TECHNOLOGIES - WHEN COUPLED WITH ADDITIONAL COST
SAVINGS, CHANGES WILL LEAD TO ANNUALIZED OPERATING EXPENSE
REDUCTIONS OF ABOUT $15 MILLION

Source text for Eikon:  ID:nGNXb600KR 
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