Press Release: Biodesix Announces Third Quarter 2024 Results and Highlights

Dow Jones
2024-11-01
 basic and diluted      146,296       79,709    123,634       78,672 
 
 
                           Biodesix, Inc. 
      Reconciliation of Net Loss to Adjusted EBITDA (unaudited) 
                            (in thousands) 
 
                      Three Months Ended       Nine Months Ended 
                         September 30,           September 30, 
                     ---------------------   --------------------- 
                       2024        2023        2024        2023 
                     --------   ----------   --------   ---------- 
Net loss             $(10,258)  $  (10,949)  $(34,680)  $  (43,007) 
    Interest 
     expense            2,041        2,386      6,506        7,207 
    Depreciation 
     and 
     amortization       1,492          782      4,324        2,351 
    Share-based 
     compensation 
     expense            1,515          954      5,373        4,292 
    Loss on 
    extinguishment 
    of liabilities         --           --        248           -- 
    COVID-19 
     Revenue               --           --         --          (13) 
    COVID-19 Direct 
     costs and 
     expenses              --           --         --            1 
    Change in fair 
     value of 
     warrant 
     liability, 
     net                   --        1,393         --        1,332 
    Other expense 
     (income), net       (374)          (2)        77           (4) 
                      -------    ---------    -------    --------- 
Adjusted EBITDA      $ (5,584)  $   (5,436)  $(18,152)  $  (27,841) 
                      =======    =========    =======    ========= 
 

(END) Dow Jones Newswires

November 01, 2024 06:00 ET (10:00 GMT)

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