Financial Snapshot

Revenue
$119.9M
TTM
Gross Margin
62.79%
TTM
Net Earnings
-$59.37M
TTM
Current Assets
$40.90M
Q2 2024
Current Liabilities
$45.01M
Q2 2024
Current Ratio
90.86%
Q2 2024
Total Assets
$130.9M
Q2 2024
Total Liabilities
$139.7M
Q2 2024
Book Value
-$8.812M
Q2 2024
Cash
$21.34M
Q2 2024
P/E
-1.181
Sep 18, 2024 EST
Free Cash Flow
-$25.07M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Revenue $70.19M $37.05M $22.24M $18.46M $11.79M $28.40M $40.51M $29.97M $17.64M $11.67M $7.550M $5.910M $3.740M $3.360M $3.540M $4.420M $3.620M $3.480M $3.030M $480.0K $0.00
YoY Change 89.43% 66.62% 20.47% 56.64% -58.5% -29.9% 35.16% 69.9% 51.14% 54.58% 27.75% 58.02% 11.31% -5.08% -19.91% 22.1% 4.02% 14.85% 531.25%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Revenue $70.19M $37.05M $22.24M $18.46M $11.79M $28.40M $40.51M $29.97M $17.64M $11.67M $7.550M $5.910M $3.740M $3.360M $3.540M $4.420M $3.620M $3.480M $3.030M $480.0K $0.00
Cost Of Revenue $26.26M $17.84M $11.83M $10.52M $11.93M $11.96M $10.72M $11.65M $8.280M $6.453M $5.790M $1.160M $370.0K $490.0K $250.0K $360.0K $620.0K $70.00K $140.0K $10.00K $0.00
Gross Profit $43.93M $19.22M $10.41M $7.937M -$144.0K $16.44M $29.79M $18.32M $9.360M $5.218M $1.760M $4.750M $3.370M $2.870M $3.290M $4.070M $3.000M $3.410M $2.880M $470.0K $0.00
Gross Profit Margin 62.58% 51.87% 46.82% 43.0% -1.22% 57.89% 73.53% 61.13% 53.06% 44.71% 23.31% 80.37% 90.11% 85.42% 92.94% 92.08% 82.87% 97.99% 95.05% 97.92%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Selling, General & Admin $59.93M $50.12M $32.01M $29.78M $31.84M $44.02M $38.11M $29.24M $20.48M $18.06M $12.97M $9.520M $9.360M $9.700M $10.72M $4.540M $3.370M $2.380M $2.900M $2.070M $700.0K
YoY Change 19.56% 56.56% 7.49% -6.45% -27.68% 15.53% 30.34% 42.77% 13.38% 39.25% 36.24% 1.71% -3.51% -9.51% 136.12% 34.72% 41.6% -17.93% 40.1% 195.71%
% of Gross Profit 136.41% 260.79% 307.47% 375.24% 267.82% 127.94% 159.58% 218.77% 346.13% 736.93% 200.42% 277.74% 337.98% 325.84% 111.55% 112.33% 69.79% 100.69% 440.43%
Research & Development $6.376M $7.557M $132.0K $1.790M $1.424M $1.810M $1.827M $492.0K $2.100M $2.255M $4.090M $6.350M $3.540M $3.780M $9.870M $14.63M $13.85M $10.38M $3.430M $2.950M $2.220M
YoY Change -15.63% 5625.0% -92.63% 25.7% -21.33% -0.93% 271.34% -76.57% -6.87% -44.87% -35.59% 79.38% -6.35% -61.7% -32.54% 5.63% 33.43% 202.62% 16.27% 32.88%
% of Gross Profit 14.51% 39.32% 1.27% 22.55% 11.01% 6.13% 2.69% 22.44% 43.22% 232.39% 133.68% 105.04% 131.71% 300.0% 359.46% 461.67% 304.4% 119.1% 627.66%
Depreciation & Amortization $6.859M $4.909M $3.036M $3.332M $3.420M $2.937M $1.886M $1.720M $881.0K $333.0K $420.0K $510.0K $430.0K $460.0K $3.200M $1.470M $790.0K $470.0K $290.0K $300.0K $80.00K
YoY Change 39.72% 61.69% -8.88% -2.57% 16.45% 55.73% 9.65% 95.23% 164.56% -20.71% -17.65% 18.6% -6.52% -85.63% 117.69% 86.08% 68.09% 62.07% -3.33% 275.0%
% of Gross Profit 15.61% 25.54% 29.16% 41.98% 17.87% 6.33% 9.39% 9.41% 6.38% 23.86% 10.74% 12.76% 16.03% 97.26% 36.12% 26.33% 13.78% 10.07% 63.83%
Operating Expenses $71.26M $57.12M $49.08M $45.31M $48.66M $60.50M $52.78M $42.82M $32.02M $20.56M $17.84M $16.20M $13.24M $13.95M $23.78M $20.64M $18.01M $13.25M $8.280M $7.000M $4.520M
YoY Change 24.75% 16.38% 8.32% -6.89% -19.56% 14.61% 23.28% 33.71% 55.75% 15.25% 10.12% 22.36% -5.09% -41.34% 15.21% 14.6% 35.92% 60.02% 18.29% 54.87%
Operating Profit -$27.33M -$37.90M -$38.67M -$37.37M -$48.81M -$44.06M -$23.00M -$24.50M -$22.66M -$15.34M -$16.08M -$11.45M -$9.870M -$11.08M -$20.49M -$16.57M -$15.01M -$9.840M -$5.400M -$6.530M -$4.520M
YoY Change -27.9% -1.99% 3.47% -23.43% 10.78% 91.58% -6.12% 8.09% 47.71% -4.59% 40.44% 16.01% -10.92% -45.92% 23.66% 10.39% 52.54% 82.22% -17.3% 44.47%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Interest Expense -$15.77M -$6.144M -$2.058M -$1.341M -$312.0K -$62.00K -$5.000K -$11.00K -$18.00K $14.00K -$80.00K -$50.00K $220.0K $210.0K $110.0K $660.0K $710.0K $430.0K $80.00K $80.00K -$50.00K
YoY Change 156.71% 198.54% 53.47% 329.81% 403.23% 1140.0% -54.55% -38.89% -228.57% -117.5% 60.0% -122.73% 4.76% 90.91% -83.33% -7.04% 65.12% 437.5% 0.0% -260.0%
% of Operating Profit
Other Income/Expense, Net -$1.668M -$1.515M -$103.0K -$198.0K -$194.0K -$331.0K -$122.0K -$430.0K -$73.00K $72.00K -$20.00K -$40.00K -$10.00K -$30.00K $490.0K $1.000M $650.0K $160.0K -$10.00K -$10.00K -$10.00K
YoY Change 10.1% 1370.87% -47.98% 2.06% -41.39% 171.31% -71.63% 489.04% -201.39% -460.0% -50.0% 300.0% -66.67% -106.12% -51.0% 53.85% 306.25% -1700.0% 0.0% 0.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Pretax Income -$43.10M -$44.04M -$29.00M -$28.66M -$43.68M -$32.49M -$12.40M -$13.29M -$14.47M -$15.26M -$16.18M -$11.54M -$9.660M -$10.90M -$19.89M -$14.91M -$13.66M -$9.250M -$5.320M -$6.450M -$4.580M
YoY Change -2.15% 51.87% 1.19% -34.37% 34.42% 162.0% -6.67% -8.19% -5.13% -5.71% 40.21% 19.46% -11.38% -45.2% 33.4% 9.15% 47.68% 73.87% -17.52% 40.83%
Income Tax $1.000K $0.00 $0.00 $0.00 -$575.0K -$41.00K -$113.0K -$113.0K $0.00 $0.00 $0.00 $0.00 $0.00 $30.00K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$43.10M -$44.04M -$29.00M -$28.66M -$43.10M -$32.45M -$12.29M -$13.17M -$14.47M -$15.26M -$16.18M -$11.54M -$9.660M -$10.93M -$19.89M -$14.91M -$13.66M -$9.250M -$5.320M -$6.450M -$4.580M
YoY Change -2.14% 51.87% 1.19% -33.5% 32.82% 164.08% -6.73% -8.98% -5.13% -5.71% 40.21% 19.46% -11.62% -45.05% 33.4% 9.15% 47.68% 73.87% -17.52% 40.83%
Net Earnings / Revenue -61.4% -118.86% -130.41% -155.27% -365.72% -114.27% -30.33% -43.96% -82.05% -130.72% -214.3% -195.26% -258.29% -325.3% -561.86% -337.33% -377.35% -265.8% -175.58% -1343.75%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.66 -$0.28 -$237.8K -$344.5K -$688.7K -$563.2K -$246.2K -$285.9K -$350.6K -$438.9K -$538.6K -$522.9K -$561.3K -$828.7K -$1.509M -$1.259M -$1.264M -$885.2K -$531.5K -$644.4K -$457.5K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Cash & Short-Term Investments $22.38M $15.50M $58.50M $15.95M $22.05M $26.20M $16.83M $30.87M $31.70M $26.20M $24.68M $15.46M $14.40M $14.17M $25.81M $42.77M $48.29M $43.29M $11.15M $310.0K $1.120M
YoY Change 44.36% -73.5% 266.69% -27.65% -15.85% 55.72% -45.49% -2.62% 20.98% 6.17% 59.64% 7.36% 1.62% -45.1% -39.65% -11.43% 11.55% 288.25% 3496.77% -72.32%
Cash & Equivalents $22.38M $15.50M $18.90M $24.68M $15.46M $14.40M $48.29M $43.29M $11.15M $310.0K $1.120M
Short-Term Investments
Other Short-Term Assets $1.914M $1.962M $1.134M $920.0K $970.0K $721.0K $639.0K $543.0K $254.0K $687.0K $530.0K $270.0K $210.0K $300.0K $410.0K $420.0K $620.0K $990.0K $230.0K $6.280M $5.080M
YoY Change -2.45% 73.02% 23.26% -5.15% 34.54% 12.83% 17.68% 113.78% -63.03% 29.62% 96.3% 28.57% -30.0% -26.83% -2.38% -32.26% -37.37% 330.43% -96.34% 23.62%
Inventory $2.779M $2.327M $1.911M $2.324M $1.192M $1.807M $1.919M $1.479M $1.400M $1.807M $170.0K $120.0K $80.00K $140.0K $120.0K $140.0K $80.00K
Prepaid Expenses
Receivables $11.09M $9.357M $4.582M $3.771M $6.645M $19.06M $19.83M $18.50M $11.00M $19.06M $2.000M $2.240M $1.640M $1.420M $760.0K $520.0K $670.0K $80.00K $1.500M $520.0K $20.00K
Other Receivables $0.00 $0.00 $481.0K $123.0K $50.00K $70.00K $106.0K $97.00K $200.0K $70.00K $230.0K $770.0K $1.690M $1.770M $5.500M $4.220M $3.540M $1.390M $1.530M $380.0K $140.0K
Total Short-Term Assets $38.16M $29.15M $66.61M $23.09M $30.91M $47.86M $39.32M $51.49M $44.65M $47.86M $27.62M $18.86M $18.02M $17.80M $32.61M $48.07M $53.22M $45.76M $14.42M $7.480M $6.350M
YoY Change 30.92% -56.24% 188.45% -25.29% -35.43% 21.74% -23.64% 15.33% -6.72% 73.29% 46.45% 4.66% 1.24% -45.42% -32.16% -9.68% 16.3% 217.34% 92.78% 17.8%
Property, Plant & Equipment $9.945M $7.894M $5.018M $3.707M $2.452M $2.074M $2.568M $2.259M $1.888M $2.074M $780.0K $1.060M $940.0K $770.0K $1.460M $2.000M $2.550M $1.980M $630.0K $690.0K $420.0K
YoY Change 25.98% 57.31% 35.37% 51.18% 18.23% -19.24% 13.68% 19.65% -8.97% 165.9% -26.42% 12.77% 22.08% -47.26% -27.0% -21.57% 28.79% 214.29% -8.7% 64.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $763.0K $0.00 $0.00 $0.00 $0.00 $0.00 $720.0K $700.0K $0.00
YoY Change -100.0% 2.86%
Other Assets
YoY Change
Total Long-Term Assets $90.97M $89.99M $8.466M $8.765M $9.721M $17.61M $19.21M $16.23M $13.10M $17.61M $1.760M $1.090M $1.000M $1.490M $2.820M $6.520M $4.990M $2.770M $2.380M $1.290M $1.040M
YoY Change 1.09% 962.91% -3.41% -9.83% -44.81% -8.29% 18.31% 23.95% -25.65% 900.74% 61.47% 9.0% -32.89% -47.16% -56.75% 30.66% 80.14% 16.39% 84.5% 24.04%
Total Assets $129.1M $119.1M $75.07M $31.86M $40.63M $65.48M $58.52M $67.72M $57.74M $65.48M $29.38M $19.95M $19.02M $19.29M $35.43M $54.59M $58.21M $48.53M $16.80M $8.770M $7.390M
YoY Change
Accounts Payable $8.811M $10.18M $5.619M $4.502M $3.549M $4.408M $6.968M $7.128M $5.152M $4.006M $2.310M $2.190M $1.270M $880.0K $1.550M $2.220M $1.820M $3.720M $1.160M $1.050M $430.0K
YoY Change -13.43% 81.14% 24.81% 26.85% -19.49% -36.74% -2.24% 38.35% 28.61% 73.42% 5.48% 72.44% 44.32% -43.23% -30.18% 21.98% -51.08% 220.69% 10.48% 144.19%
Accrued Expenses $9.102M $6.998M $5.634M $5.663M $6.805M $5.786M $5.035M $4.259M $5.786M $2.530M $1.750M $2.210M $2.180M $4.510M $2.260M $2.590M
YoY Change 30.07% 24.21% -0.51% -16.78% 17.61% 14.92% 18.22% -26.39% 128.7% 44.57% -20.81% 1.38% -51.66% 99.56% -12.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $147.0K $0.00 $0.00 $0.00 $147.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $2.123M $1.788M $5.281M $3.575M $1.215M $117.0K $361.0K $430.0K $440.0K $361.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.00K $10.00K $0.00
YoY Change 18.74% -66.14% 47.72% 194.24% 938.46% -67.59% -16.05% -2.27% 21.88% -100.0% 0.0%
Total Short-Term Liabilities $19.52M $18.28M $17.90M $13.71M $10.43M $11.48M $13.12M $12.59M $10.83M $11.48M $4.850M $3.950M $4.000M $4.110M $7.720M $7.210M $6.470M $5.470M $3.090M $1.560M $480.0K
YoY Change 6.81% 2.12% 30.54% 31.5% -9.15% -12.49% 4.15% 16.33% -5.68% 136.64% 22.78% -1.25% -2.68% -46.76% 7.07% 11.44% 18.28% 77.02% 98.08% 225.0%
Long-Term Debt $39.14M $38.01M $10.28M $12.30M $9.787M $262.0K $523.0K $108.0K $408.0K $262.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.00K $20.00K $0.00
YoY Change 2.99% 269.88% -16.44% 25.64% 3635.5% -49.9% 384.26% -73.53% 55.73% -100.0% -50.0%
Other Long-Term Liabilities $63.26M $53.54M $1.466M $690.0K $690.0K $1.045M $721.0K $1.550M $1.405M $1.045M $0.00 $20.00K $360.0K $830.0K $800.0K $1.750M $1.960M $860.0K $1.770M $150.0K $0.00
YoY Change 18.16% 3551.91% 112.46% 0.0% -33.97% 44.94% -53.48% 10.32% 34.45% -100.0% -94.44% -56.63% 3.75% -54.29% -10.71% 127.91% -51.41% 1080.0%
Total Long-Term Liabilities $102.4M $91.54M $10.28M $12.30M $10.48M $1.307M $1.244M $1.658M $1.813M $1.307M $0.00 $20.00K $360.0K $830.0K $800.0K $1.750M $1.960M $860.0K $1.780M $170.0K $0.00
YoY Change 11.86% 790.92% -16.44% 17.36% 701.61% 5.06% -24.97% -8.55% 38.71% -100.0% -94.44% -56.63% 3.75% -54.29% -10.71% 127.91% -51.69% 947.06%
Total Liabilities $121.9M $109.8M $28.17M $26.01M $20.90M $13.36M $14.98M $14.98M $13.48M $13.36M $4.850M $3.970M $4.370M $4.940M $8.520M $8.960M $8.440M $6.330M $4.860M $1.720M $480.0K
YoY Change 11.02% 289.81% 8.33% 24.41% 56.48% -10.79% -0.03% 11.13% 0.91% 175.44% 22.17% -9.15% -11.54% -42.02% -4.91% 6.16% 33.33% 30.25% 182.56% 258.33%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $70.13 Million

About MDxHealth SA

MDxHealth SA is a commercial-stage precision diagnostics company, which engages in the development and commercialization of molecular diagnostic products for personalized cancer treatment. The company is headquartered in Herstal, Liege and currently employs 300 full-time employees. The company went IPO on 2006-06-26. The Company’s tests are based on proprietary genetic, epigenetic (methylation) and other molecular technologies and assist physicians with the diagnosis of urologic cancers, prognosis of recurrence risk, as well as prediction of response to a specific therapy. Its tests include ConfirmMDx for Prostate Cancer, SelectMDx for Prostate Cancer, PredictMDx for Glioblastoma and AssureMDx for Bladder Cancer. The firm's corporate operations are based in Herstal, Belgium, as well as Irvine, the United States, and its laboratory operations are based in Nijmegen, the Netherlands, as well as Irvine, the United States.

Industry: Services-Medical Laboratories Peers: