RSS MDxHealth Q4 Preliminary Revenue Climbs; Initiates 2025 Revenue Outlook

Currently reading:
 RSS MDxHealth Q4 Preliminary Revenue Climbs; Initiates 2025 Revenue Outlook

Status
Not open for further replies.

Crax Bot

Staff member
Administrator
Amateur
LV
0
Joined
Nov 5, 2021
Threads
12,275
Likes
1,923
Credits
33,750©
Cash
0$
MDxHealth SA (MDXH), a leader in precision diagnostics, announced its expected financial outcomes for the fourth quarter and provided a revenue forecast for the fiscal year 2025 on Monday.

The firm anticipates a revenue figure of approximately $24.7 million for the fourth quarter, marking a 28% increase compared to the preceding year. For the entire 2024 fiscal year, MDxHealth projects revenue of $90 million, which also signifies a 28% rise from the prior year.

CEO Michael K. McGarrity expressed confidence in the company’s growth trajectory, stating, "We believe the robustness of our sales channels, in conjunction with our expanded offerings for our urology clientele, will continue to support sustainable growth."

Looking further ahead, MDxHealth forecasts 2025 annual revenue between $108 million and $110 million, indicating a year-over-year increase ranging from 20% to 22%.

Additionally, the company has affirmed its expectations for achieving adjusted EBITDA profitability in the first half of the year.

MDxHealth is scheduled to publish its annual earnings report on February 26. Meanwhile, in pre-market trading on the Nasdaq, MDXH shares saw an increase of 11.11%, reaching $2.200.

The material has been provided by InstaForex Company - www.instaforex.com
 
Status
Not open for further replies.
Tips
Top Bottom