Cologuard growth accelerates to $48.4 million in revenue during first quarter; volume grows 150 percent year over year to 100,000 completed tests

  • Gross margin expands to 65 percent during first quarter
  • Revenue guidance raised to $195-205 million for 2017, from $170-180 million;
  • Guidance for completed Cologuard tests increased to at least 470,000 tests, from at least 415,000;
  • 10,000 additional providers ordered Cologuard during the first quarter, and insurance coverage expanded to 78 percent.

MADISON, Wis., April 27, 2017 /PRNewswire/ -- Exact Sciences Corp. (Nasdaq: EXAS) today announced that the company generated revenues of $48.4 million and completed approximately 100,000 Cologuard tests during the quarter ended March 31, 2017. First-quarter 2017 revenues and completed Cologuard test volume grew 226 percent and 150 percent from the same period of 2016, respectively.

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Topics: Investor Relations

Exact Sciences Announces Contract with Anthem BlueCross of California

Expanding Cologuard's In-Network Coverage Supports Continued Growth in 2016

MADISON, Wis. , Jan. 11, 2016 /PRNewswire/ -- Exact Sciences Corp. (Nasdaq: EXAS) today announced that Cologuard® is now covered as an in-network service for more than 4.5 million enrollees of Anthem BlueCross of California , which is part of the second-largest commercial health insurer in the United States .

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Topics: Investor Relations