By Emon Reiser
Shares for Personalis fell despite ample cash on hand and a surge in clinical test revenue, according to a preliminary fourth-quarter report released Thursday.
The stock declined 12.6% to $8.17 a share. Despite the intraday decline, shares are up 2.7% year to date.
Personalis said it expects between $17 million and $18 million in fourth-quarter revenue, on par with the $17.5 million analysts expect.
The company said its preliminary clinical test revenue for the quarter is about $900,000 from 6,183 clinical tests in the fourth quarter, compared with about $200,000 in clinical test revenue in the year-ago period.
"Securing Medicare coverage for breast cancer surveillance in the fourth quarter was a pivotal milestone that transforms our commercial trajectory," said Chief Executive Chris Hall. "With a fortified balance sheet of [about] $240 million of cash, we enter 2026 with the capital and the clinical evidence required to expand our sales footprint, secure reimbursement coverage for additional indications, and continue to execute on our Win-in-MRD strategy."
Write to Emon Reiser at emon.reiser@wsj.com
(END) Dow Jones Newswires
January 08, 2026 14:33 ET (19:33 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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