2024 Q4 Form 10-Q Financial Statement

#000089992324000057 Filed on November 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $213.3M
YoY Change 11.15%
Cost Of Revenue $63.50M
YoY Change 10.24%
Gross Profit $149.8M
YoY Change 11.54%
Gross Profit Margin 70.23%
Selling, General & Admin $139.1M
YoY Change 2.2%
% of Gross Profit 92.86%
Research & Development $28.50M
YoY Change 18.75%
% of Gross Profit 19.03%
Depreciation & Amortization $4.800M
YoY Change 41.18%
% of Gross Profit 3.2%
Operating Expenses $167.6M
YoY Change 4.68%
Operating Profit -$20.00M
YoY Change -66.72%
Interest Expense -$400.0K
YoY Change -140.0%
% of Operating Profit
Other Income/Expense, Net -$1.200M
YoY Change 9.09%
Pretax Income -$21.20M
YoY Change -65.36%
Income Tax $900.0K
% Of Pretax Income
Net Earnings -$22.10M
YoY Change -63.95%
Net Earnings / Revenue -10.36%
Basic Earnings Per Share -$0.24
Diluted Earnings Per Share -$0.24
COMMON SHARES
Basic Shares Outstanding 91.04M shares 90.82M shares
Diluted Shares Outstanding 90.90M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $99.90M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $26.20M
Prepaid Expenses
Receivables $125.7M
Other Receivables
Total Short-Term Assets $293.2M
YoY Change 10.47%
LONG-TERM ASSETS
Property, Plant & Equipment $115.4M
YoY Change -4.39%
Goodwill $286.3M
YoY Change -0.1%
Intangibles $312.5M
YoY Change -12.37%
Long-Term Investments
YoY Change
Other Assets $16.50M
YoY Change 4.43%
Total Long-Term Assets $788.1M
YoY Change -10.82%
TOTAL ASSETS
Total Short-Term Assets $293.2M
Total Long-Term Assets $788.1M
Total Assets $1.081B
YoY Change -5.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.60M
YoY Change -12.68%
Accrued Expenses $111.2M
YoY Change -29.44%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $154.3M
YoY Change -26.28%
LONG-TERM LIABILITIES
Long-Term Debt $39.00M
YoY Change 1.3%
Other Long-Term Liabilities $34.30M
YoY Change -15.31%
Total Long-Term Liabilities $73.30M
YoY Change -7.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $154.3M
Total Long-Term Liabilities $73.30M
Total Liabilities $349.6M
YoY Change -24.93%
SHAREHOLDERS EQUITY
Retained Earnings -$714.3M
YoY Change 19.39%
Common Stock $1.446B
YoY Change 12.36%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $731.7M
YoY Change
Total Liabilities & Shareholders Equity $1.081B
YoY Change -5.9%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$22.10M
YoY Change -63.95%
Depreciation, Depletion And Amortization $4.800M
YoY Change 41.18%
Cash From Operating Activities $3.000M
YoY Change -113.57%
INVESTING ACTIVITIES
Capital Expenditures $6.300M
YoY Change -64.0%
Acquisitions
YoY Change
Other Investing Activities $13.80M
YoY Change -8.0%
Cash From Investing Activities $7.500M
YoY Change -400.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.100M
YoY Change 24.0%
NET CHANGE
Cash From Operating Activities 3.000M
Cash From Investing Activities 7.500M
Cash From Financing Activities -3.100M
Net Change In Cash 7.400M
YoY Change -127.31%
FREE CASH FLOW
Cash From Operating Activities $3.000M
Capital Expenditures $6.300M
Free Cash Flow -$3.300M
YoY Change -91.67%

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<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period amounts have been reclassified to conform with the current period presentation. The reclassifications have no impact on the Company's total assets, total liabilities, stockholders' equity, or cash flows from operations.</span></div>
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mygn Increase Decrease In Earnings Loss Per Share
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us-gaap Concentration Risk Credit Risk
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<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div>Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. The Company limits its exposure to loss by placing its cash in financial institutions with high credit ratings. The Company's cash may consist of deposits held with banks that may at times exceed federally insured limits of $250,000 per customer. Substantially all of the Company’s accounts receivable are with companies in the healthcare industry, U.S. and state governmental agencies, and individuals. The Company does not believe that receivables due from U.S. and state governmental agencies, such as Medicare, represent a credit risk since the related healthcare programs are funded by the U.S. and state governments.
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2024Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90900000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81900000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90500000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81600000 shares
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5900000 shares
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5300000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5900000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5300000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
700000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.38
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
700000 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.38
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
500000 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
13.38
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
0 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2024Q3 us-gaap Share Based Compensation
ShareBasedCompensation
12400000 usd
CY2023Q3 us-gaap Share Based Compensation
ShareBasedCompensation
11600000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
38900000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
30300000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
900000 usd
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.042
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000 usd
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.002
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
400000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.005
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2200000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.010
us-gaap Income Taxes Paid
IncomeTaxesPaid
1800000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
1300000 usd
us-gaap Interest Paid Net
InterestPaidNet
1300000 usd
us-gaap Interest Paid Net
InterestPaidNet
800000 usd
mygn Change In Operating Lease Right Of Use Asset
ChangeInOperatingLeaseRightOfUseAsset
-300000 usd
mygn Change In Operating Lease Right Of Use Asset
ChangeInOperatingLeaseRightOfUseAsset
8700000 usd
mygn Change In Operating Lease Liability
ChangeInOperatingLeaseLiability
-3100000 usd
mygn Change In Operating Lease Liability
ChangeInOperatingLeaseLiability
9200000 usd
mygn Non Cash Adjustment To Right Of Use Assets And Lease Liabilities From Lease Modifications
NonCashAdjustmentToRightOfUseAssetsAndLeaseLiabilitiesFromLeaseModifications
3100000 usd
mygn Non Cash Adjustment To Right Of Use Assets And Lease Liabilities From Lease Modifications
NonCashAdjustmentToRightOfUseAssetsAndLeaseLiabilitiesFromLeaseModifications
0 usd
mygn Purchases Of Property Plant And Equipment And Capitalization Of Internal Use Software In Accounts Payable And Accrued Liabilities
PurchasesOfPropertyPlantAndEquipmentAndCapitalizationOfInternalUseSoftwareInAccountsPayableAndAccruedLiabilities
2500000 usd
mygn Purchases Of Property Plant And Equipment And Capitalization Of Internal Use Software In Accounts Payable And Accrued Liabilities
PurchasesOfPropertyPlantAndEquipmentAndCapitalizationOfInternalUseSoftwareInAccountsPayableAndAccruedLiabilities
9100000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
99900000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
76000000.0 usd
CY2024Q3 us-gaap Restricted Cash
RestrictedCash
9900000 usd
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
9000000.0 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
109800000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
85000000.0 usd
mygn Operating Lease Liability Current Terminated
OperatingLeaseLiabilityCurrentTerminated
3100000 usd
mygn Asset Acquisition Gain Loss
AssetAcquisitionGainLoss
2200000 usd
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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0000899923-24-000057-index.html Edgar Link pending
0000899923-24-000057.txt Edgar Link pending
0000899923-24-000057-xbrl.zip Edgar Link pending
exhibit311-certificationof.htm Edgar Link pending
exhibit312-certificationof.htm Edgar Link pending
exhibit321-certificationpu.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
mygn-20240930.htm Edgar Link pending
mygn-20240930.xsd Edgar Link pending
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mygn-20240930_cal.xml Edgar Link unprocessable
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mygn-20240930_htm.xml Edgar Link completed
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