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Income Statement
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GeneDx Holdings Corp.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18
   10-K10-K10-K10-KS-1
Revenues:  
    Diagnostic test revenue  227.3205.1175.4  
    Self-pay patients  7.63.82.0  
    GeneDx  122.27.14.0  
Total revenues  234.7212.2179.3196.2133.3
            Revenue growth   [+]10.6%18.3%-8.6%47.1% 
Cost of goods sold  261.4228.8175.3113.492.1
Gross profit  -26.8-16.64.082.841.2
            Gross margin  -11.4%-7.8%2.2%42.2%30.9%
Selling, general and administrative   [+]338.2318.7163.968.839.4
Research and development  86.2105.272.734.921.4
Other operating expenses  6.35.79.49.59.1
EBITDA   [+]-398.2-424.3-230.3-24.0-23.2
            EBITDA margin  -169.7%-200.0%-128.4%-12.2%-17.4%
Depreciation and amortization  59.321.811.76.45.4
EBIT   [+]-457.5-446.1-242.0-30.4-28.7
            EBIT margin  -194.9%-210.3%-134.9%-15.5%-21.5%
Non-recurring items   [+]210.1    
Interest expense, net   [+]0.72.82.0-0.90.2
Other income (expense), net   [+]70.3203.52.6-0.25.0
Pre-tax income  -598.0-245.4-241.3-29.7-23.9
Income taxes  -49.10.00.00.00.0
            Tax rate  8.2%0.0%0.0%0.0%0.0%
Net income  -549.0-245.4-241.3-32.7-26.8
            Net margin  -233.9%-115.6%-134.6%-16.7%-20.1%
   
Basic EPS   [+]($1.63)($2.27)($47,035.67)($264,056.45)($26,823,000.00)
Diluted EPS   [+]($1.63)($2.27)($47,035.67)($264,056.45)($26,823,000.00)
   
Shares outstanding (basic)   [+]337.8108.10.00.00.0
Shares outstanding (diluted)   [+]337.8108.10.00.00.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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