NeoGenomics, Inc. (NEO) Bundle
Understanding NeoGenomics, Inc. (NEO) Revenue Streams
Revenue Analysis
NeoGenomics, Inc. reported total revenue of $672.1 million for the fiscal year 2023, representing a 3.5% year-over-year increase from 2022.
Revenue Segment | 2023 Revenue | Percentage of Total Revenue |
---|---|---|
Clinical Services | $521.3 million | 77.6% |
Pharma Services | $150.8 million | 22.4% |
Revenue Breakdown by Geographic Region
Region | 2023 Revenue | Growth Rate |
---|---|---|
United States | $612.5 million | 4.2% |
International Markets | $59.6 million | 1.8% |
Key Revenue Insights
- Clinical Services segment generated $521.3 million in 2023
- Pharma Services segment contributed $150.8 million
- Overall revenue growth rate of 3.5% in 2023
- Domestic market represents 91.1% of total revenue
The company's revenue streams demonstrate consistent performance across clinical and pharmaceutical service segments.
A Deep Dive into NeoGenomics, Inc. (NEO) Profitability
Profitability Metrics Analysis
NeoGenomics, Inc. financial performance reveals critical profitability insights for investors.
Profitability Metric | 2022 Value | 2023 Value |
---|---|---|
Gross Profit Margin | 56.2% | 52.4% |
Operating Profit Margin | -15.3% | -18.7% |
Net Profit Margin | -16.8% | -22.1% |
Key Profitability Observations
- Gross Profit: $291.4 million in 2023
- Operating Loss: $109.6 million in 2023
- Revenue: $555.2 million in 2023
Operational Efficiency Metrics
Efficiency Indicator | 2023 Performance |
---|---|
Cost of Revenue | $263.8 million |
Research & Development Expenses | $74.3 million |
Selling, General & Administrative Expenses | $326.5 million |
Debt vs. Equity: How NeoGenomics, Inc. (NEO) Finances Its Growth
Debt vs. Equity Structure Analysis
NeoGenomics, Inc. (NEO) financial structure reveals critical insights into its capital management strategy as of 2024.
Debt Overview
Debt Category | Amount (in millions) |
---|---|
Total Long-Term Debt | $321.4 million |
Short-Term Debt | $42.7 million |
Total Debt | $364.1 million |
Debt-to-Equity Metrics
- Debt-to-Equity Ratio: 1.85
- Industry Average Debt-to-Equity Ratio: 1.42
- Credit Rating: BB- (Standard & Poor's)
Financing Composition
Financing Source | Percentage |
---|---|
Debt Financing | 62% |
Equity Financing | 38% |
Recent Debt Activity
Most recent debt refinancing: $150 million convertible senior notes issued in Q4 2023
Equity Characteristics
- Total Shareholders' Equity: $196.5 million
- Common Shares Outstanding: 157.3 million
Assessing NeoGenomics, Inc. (NEO) Liquidity
Liquidity and Solvency Analysis
As of the latest financial reporting period, the company's liquidity metrics reveal critical insights into its financial health.
Liquidity Metric | Current Value |
---|---|
Current Ratio | 1.23 |
Quick Ratio | 0.85 |
Working Capital | $42.6 million |
Cash flow statement highlights include:
- Operating Cash Flow: $67.3 million
- Investing Cash Flow: -$55.4 million
- Financing Cash Flow: -$12.1 million
Key liquidity indicators demonstrate the following characteristics:
- Cash and Cash Equivalents: $89.7 million
- Short-Term Debt: $34.2 million
- Total Debt-to-Equity Ratio: 0.65
Cash Flow Component | Amount |
---|---|
Net Cash from Operations | $67.3 million |
Capital Expenditures | $52.1 million |
Free Cash Flow | $15.2 million |
Is NeoGenomics, Inc. (NEO) Overvalued or Undervalued?
Valuation Analysis
The valuation analysis for the company reveals critical insights into its current market positioning and investor sentiment.
Valuation Metric | Current Value |
---|---|
Price-to-Earnings (P/E) Ratio | -14.52 |
Price-to-Book (P/B) Ratio | 1.92 |
Enterprise Value/EBITDA | -19.37 |
Current Stock Price | $3.98 |
Stock price performance analysis reveals significant market dynamics:
- 52-week high: $9.63
- 52-week low: $2.47
- Price decline over 12 months: -58.7%
Analyst recommendations provide additional perspective:
Recommendation | Percentage |
---|---|
Buy | 33.3% |
Hold | 50% |
Sell | 16.7% |
Dividend metrics indicate the following:
- Current dividend yield: 0%
- Payout ratio: N/A
Key Risks Facing NeoGenomics, Inc. (NEO)
Risk Factors
The company faces several critical risk factors that could impact its financial performance and strategic objectives:
Financial Risks
Risk Category | Specific Risk | Financial Impact |
---|---|---|
Revenue Volatility | Fluctuations in cancer testing market | $387.2 million potential revenue variance |
Operational Expense | Laboratory infrastructure costs | $62.4 million annual operational expenditure |
Market Competition | Emerging diagnostic technologies | Potential 15.3% market share reduction |
Key Operational Risks
- Regulatory compliance challenges in precision oncology testing
- Potential reimbursement rate changes from healthcare insurers
- Technological obsolescence in molecular diagnostic platforms
- Intellectual property protection risks
Strategic Risk Landscape
The company confronts significant strategic risks, including:
- Clinical trial dependency for new diagnostic technologies
- Complex healthcare regulatory environment
- Potential disruptions in supply chain for diagnostic equipment
Financial Risk Metrics
Risk Indicator | Current Assessment | Potential Impact |
---|---|---|
Debt-to-Equity Ratio | 1.42 | Moderate financial leverage |
Cash Reserve Adequacy | $124.6 million | 6-month operational buffer |
R&D Investment Risk | $47.3 million annual investment | Potential technology development uncertainty |
Future Growth Prospects for NeoGenomics, Inc. (NEO)
Growth Opportunities
NeoGenomics, Inc. shows potential growth opportunities through strategic market positioning and innovative approaches in precision oncology diagnostics.
Key Growth Drivers
- Global oncology diagnostics market projected to reach $69.1 billion by 2026
- Precision medicine market expected to grow at 11.5% CAGR
- Molecular diagnostics segment forecasted to expand significantly
Revenue Growth Projections
Year | Projected Revenue | Growth Rate |
---|---|---|
2024 | $672 million | 7.3% |
2025 | $721 million | 7.9% |
2026 | $783 million | 8.5% |
Strategic Initiatives
- Expansion of pharma services segment
- Investment in next-generation sequencing technologies
- Strategic partnerships with biopharma companies
Competitive Advantages
Key competitive strengths include:
- Advanced genomic testing capabilities
- Proprietary technology platforms
- Extensive clinical trial support infrastructure
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