SomaLogic, Inc. (SLGC) Tops Q2 EPS by 3c, Revenues Miss; Guides Lower
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SomaLogic Reports Second Quarter 2022 Financial Results
August 15, 2022 4:05 PM EDTSecond quarter 2022 revenue of $14.1 million, bringing year to date revenue to $37.1 million.Reducing 2022 revenue guidance to $80-90 million to account for ongoing variability in core service business, macroeconomic and commercial factors.Maintaining substantial cash, cash equivalents, and current investments of $619.1 million at quarter end; Reducing operating expenses by $75 million through 2023-end to navigate market.Ongoing strategic plans including announced acquisition of Palamedrix for next-generation SomaScan reader; Illumina... More
