OraSure Announces 2019 Full Year and Fourth Quarter Financial Results
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OraSure Technologies (OSUR) Misses Q4 EPS by 3c; Offers FY20 EPS/Revenue Guidance Below Consensus
February 19, 2020 4:03 PM ESTOraSure Technologies (NASDAQ: OSUR) reported Q4 EPS of $0.04, $0.03 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $49.7 million versus the consensus estimate of $47.03 million.
Financial and Business Highlights
Net revenues for the fourth quarter of 2019 were $49.7 million, a 1% decrease from the fourth quarter of 2018. Net product revenues were $47.2 million, a 5% increase from the fourth quarter of 2018. Net product and service revenues in the fourth quarter of 2019 increased 12% over the comparable period of 2018 if revenues from the Companys cryosurgical systems business, which was sold in 2019, are excluded from the year... More