Veracyte (VCYT) Misses Q1 EPS by 1c

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Veracyte Announces First Quarter 2016 Financial Results

May 5, 2016 4:06 PM EDT

SOUTH SAN FRANCISCO, Calif., May 5, 2016 /PRNewswire/ -- Veracyte, Inc. (NASDAQ: VCYT) today announced financial results for the first quarter ended March 31, 2016 and provided an update on recent business progress. For the first quarter of 2016, revenue was $13.6 million, an increase of 21%, compared to $11.2 million for the first quarter of 2015. Afirma Gene Expression Classifier (GEC) test volume grew to 5,352 tests, an increase of 33%, compared to the same period in 2015.

"We experienced strong Afirma growth in the first quarter and are... More