2023-03-28 16:15:06 ET
- SomaLogic press release ( NASDAQ: SLGC ): Q4 GAAP EPS of -$0.26 misses by $0.05 .
- Revenue of $18.8M (-18.3% Y/Y) beats by $1.77M .
- Gross margin for the three months ended December 31, 2022 was 31.1% compared to 54.5% for the corresponding period of 2021
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Adjusted EBITDA was a loss of $49.9 million in the fourth quarter of 2022 compared with an adjusted EBITDA loss of $27.7 million in the corresponding period of 2021.
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Cash, cash equivalents, and short-term investments were $539.6 million as of December 31, 2022.
2023 Financial Guidance
SomaLogic projects revenue for the full year 2023 to range from $80 million to $84 million.
For further details see:
SomaLogic GAAP EPS of -$0.26 misses by $0.05, revenue of $18.8M beats by $1.77M