Switzerland's SOPHiA GENETICS Q2 revenue rises on Liquid Biopsy growth
Switzerland's SOPHiA GENETICS Q2 revenue rises on Liquid Biopsy growth
Overview
Switzerland AI precision medicine firm's Q2 revenue grew 27% yr/yr
Adjusted EBITDA loss for Q2 improved 27% yr/yr
Company raised 2026 revenue guidance to $94-96 mln, up from prior range
Outlook
SOPHiA GENETICS raises 2026 revenue guidance to $94 mln-$96 mln from $92 mln-$94 mln
Company expects 2026 adjusted EBITDA loss between $29 mln and $32 mln
SOPHiA GENETICS expects to approach adjusted EBITDA breakeven by end of 2026
Result Drivers
U.S. VOLUME GROWTH - Co said Q2 revenue was driven by 60% volume growth in the U.S.
LIQUID BIOPSY EXPANSION - Co reported 80% yr/yr revenue growth in Liquid Biopsy segment in Q2
BIOPHARMA PARTNERSHIPS - Co said accelerating BioPharma growth was supported by new companion diagnostic programs with AstraZeneca
Company press release: ID:nPn1RFkfza
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $23.30 mln |
|
Q2 Adjusted Gross Margin |
| 72.10% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
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