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Biodesix Sees FY23 Revenue $50M-$52M Vs $53.29M Est.

Author: Benzinga Newsdesk | November 07, 2023 08:31pm

2023 Financial Outlook

Third quarter revenues were impacted by a change in the timing and assumptions regarding the anticipated collection of revenue from a backlog of previously unrecognized Medicare Advantage claims. Based on these new assumptions, the Company is adjusting its 2023 financial outlook to remove the backlog and is not making any change to core business expectations. The Company expects to generate $50 to $52 million in total revenue in 2023.

Posted In: BDSX