China's Burning Rock Biotech Q4 net loss narrows as costs fall

Reuters03-12 19:15
China's <a href="https://laohu8.com/S/BNR">Burning Rock Biotech</a> Q4 net loss narrows as costs fall

Overview

  • China precision oncology firm's Q4 revenue was stable year-over-year at RMB126.3 mln

  • Gross profit and gross margin rose, supported by lower costs and higher-margin mix

  • Net loss narrowed sharply on lower operating expenses from cost controls and headcount reduction

Outlook

  • Company did not provide specific guidance for future periods

Result Drivers

  • CENTRAL LAB GROWTH - Revenue from central laboratory business rose 12.1% on higher CanCatch test volumes

  • IN-HOSPITAL EXPANSION - In-hospital business revenue rose 17.3% due to increased sales volume from existing and new partner hospitals

  • PHARMA SERVICES DECLINE - Pharma R&D services revenue fell 27.7% due to decreased testing services for pharma customers from timing of lumpy projects

Company press release: ID:nGNX6VPFB4

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

RMB 126.30 mln

Q4 Net Income

-RMB 15.40 mln

Q4 Adjusted Gross Margin

80.30%

Q4 Gross Profit

RMB 98.60 mln

Q4 Operating Expenses

RMB 110.60 mln

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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