Foundation Medicine (FMI) Misses Q3 EPS by 4c, Offers FY15 Guidance

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Foundation Medicine Announces 2015 Third Quarter Results and Recent Highlights

November 3, 2015 4:00 PM EST

Year-over-Year Third Quarter Revenues Grow 54%; FoundationCORE Expands to Approximately 60,000 Patient Cases; ctDNA Product Launch on Track

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Foundation Medicine, Inc. (NASDAQ: FMI) today reported financial and operating results for its third quarter ended September 30, 2015. Highlights for the quarter included:

Third quarter revenue of $25.4 million, 54% year-over-year growth; Third quarter revenue from biopharmaceutical customers of $11.7 million, 75% year-over-year growth;... More