Personalis (PSNL) has triggered my interest since it has gone public in the summer of 2019. With PSNL reporting its full-year results in the middle of the Corona crisis, it is time to update my stance on the company. Fourth-quarter results were more or less in line with expectations, and despite some nice anecdotal comments about the order intake, the company failed to quantify this. Furthermore, the company withdrew its full-year guidance, making the situation not very clear for investors, yet fortunately expectations are very low.
The Business, The Thesis
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