Press Release: Biodesix Announces Third Quarter 2024 Results and Highlights

Dow Jones
01 Nov 2024
 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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