Veracyte (VCYT) FY2023 results: revenue $361 million, up 21.8% on the year
Veracyte, Inc. (VCYT) reported revenue of $361 million for fiscal 2023, the year ended 31 December 2023, up 21.8% on the year before. Net income was -$74 million, and diluted earnings per share $-1.02. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$361 million
+21.8% on the year
FY2016FY2023
Operating margin
-23.8%
-13.9% a year earlier
FY2016FY2023
Net income
-$74 million
FY2016FY2023
Diluted EPS
-$1.02
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
44.2
7.5
-31.6
+486.9%
Capital expenditure
10.0
8.5
5.4
+16.5%
Free cash flow
34.3
-1.0
-37.0
Free cash flow margin
9.5%
-0.3%
-16.9%
Cash from investing
15.1
-29.4
-739
Cash from financing
2.8
3.5
596
-18.8%
Depreciation and amortisation
27.2
25.9
19.6
+4.9%
Share-based compensation
33.1
26.7
22.5
+24.0%
Diluted shares, weighted
73m
72m
68m
+1.5%
Shares outstanding at period end
73m
72m
71m
+1.8%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,044
1,075
1,097
-2.9%
Debt
0.0
0.0
1.1
Operating lease liabilities
7.5
10.6
14.1
-29.3%
Other liabilities
63.3
70.6
76.1
-10.3%
Total liabilities and equity
1,115
1,156
1,188
-3.6%
Fixed assets
n/a
17.7
15.1
Goodwill
703
696
708
+1.0%
Intangible assets
88.6
175
203
-49.3%
Securities held for sale or to maturity
0.0
24.6
4.0
Cash and equivalents
216
154
173
+40.3%
Receivables
40.4
44.0
41.5
-8.3%
Inventory
16.1
14.3
11.2
+12.8%
Other assets
50.4
30.8
32.2
+63.6%
Total assets
1,115
1,156
1,188
-3.6%
10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.