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Sema4 Holdings Corp. Misses Q2 EPS by 4c, Offers Guidance

Published 15/08/2022, 21:38
WGS
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Sema4 Holdings Corp. (SMFR) reported Q2 EPS of ($0.25), $0.04 worse than the analyst estimate of ($0.21). Revenue for the quarter came in at $36.2 million versus the consensus estimate of $67 million.

GUIDANCE:

Sema4 Holdings Corp. sees Q3 2022 revenue of $245-255 million, versus the consensus of $306 million.

  • The company now expects fiscal year 2022 reported revenue to be $245-255 million, reflecting the inclusion of GeneDx’s results for the eight months of ownership in 2022. Embedded in this revenue guidance is a $24 million reduction in revenue due to our estimated change of Sema4’s revenue related to periods prior to 2022 and a more conservative outlook on volumes and pricing trends within our reproductive health product lines for the remainder of the year.
  • Sema4 is updating its 2022 adjusted gross margin target and now expects full year 2022 adjusted gross margin to be in the range of 4-9%, inclusive of the $24 million reduction in revenue due to our estimated change in revenue related to periods prior to 2022. Excluding this revision would imply an adjusted gross margin in the range of 11-16%.
  • The company expects second half 2022 revenue in the range of $154-164 million, and second half 2022 adjusted gross margin in the range of 15-20%. The company expects to end 2022 with more than $165 million of cash and cash equivalents and total liquidity of over $290 million.
  • For earnings history and earnings-related data on Sema4 Holdings Corp. (SMFR) click here.

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