Market News AIOpen the app

Freenome made $183.5 million last quarter, a big jump from $1.0 million a year earlier.

ResultsRead the original at globenewswire.com
Good for FRNM

FDA approval let Freenome record $180.0 million from a collaboration and license deal, and it ended the quarter with $430.0 million in cash and investments. Most quarterly revenue came from that one deal, so steady test sales are not yet shown.

FRNM · Freenome

AI read · Good for FRNM

The AI's read

FDA approval let Freenome count $180.0 million from a collaboration and license deal as sales, and it ended the quarter with $430.0 million in cash and investments. But that deal supplied nearly all quarterly sales. The full-year forecast also counts research services and early sales, so the report does not yet show steady demand for the test.

Get alerts for FRNM

Follow Freenome (FRNM) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for FRNM
Free on the App Store and Google Play, or on the web.