Quarterly ResultMay 8, 2026, 04:15 PM
OraSure Q1 Net Loss $22.38M, Revenue $27.93M
AI Summary
OraSure Technologies reported a net loss of $22.38 million for Q1 2026, a significant increase from $16.04 million in Q1 2025, while net revenues decreased by 6.7% to $27.93 million. The company continued its cost-cutting efforts with a new reduction in workforce in Q1 2026 and repurchased $5.0 million in common stock. Cash and cash equivalents declined to $176.96 million.
Key Highlights
- Net loss increased to $22.38 million in Q1 2026 from $16.04 million in Q1 2025.
- Net revenues decreased 6.7% to $27.93 million in Q1 2026 from $29.93 million in Q1 2025.
- Loss per share was $(0.32) in Q1 2026, compared to $(0.21) in Q1 2025.
- Repurchased 1.8 million shares for $5.0 million under the stock repurchase program in Q1 2026.
- Cash and cash equivalents decreased to $176.96 million as of March 31, 2026.
- Net cash used in operating activities improved to $13.90 million from $19.73 million YoY.
- Q1 2026 revenues for HCV declined 38.6% and Risk Assessment Testing ceased.
- Initiated a new reduction in workforce in Q1 2026 with $1.27 million in charges.
Price Impact
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