SOPHiA GENETICS Reports First Quarter 2025 Results
PR Newswire
BOSTON and ROLLE, Switzerland, May 6, 2025
BOSTON and ROLLE, Switzerland, May 6, 2025 /PRNewswire/ -- SOPHiA GENETICS (Nasdaq: SOPH), a cloud-native software company and leader in data-driven medicine, today reported financial results for the first quarter ended March 31, 2025.
First Quarter 2025 Financial Results
-- Revenue was $17.8 million, up 13% year-over-year or 15% on a constant
currency basis
-- Gross margin was 68.7% on a reported basis and 75.7% on an adjusted basis,
up from 65.9% and 70.5% in the prior year period, respectively
-- IFRS net loss increased 27% year-over-year to $17.4 million (including a
net foreign exchange P&L impact of $5.2 million), and adjusted EBITDA
loss improved 24% year-over-year to $9.8 million
-- The company reiterates full-year guidance of revenue between $72 million
and $76 million and adjusted EBITDA loss between $35 million and $39
million
"We started the year strong with year-over-year revenue growth of 13%, or 15% on a constant currency basis, as the large amount of new business signed in 2024 begins to ramp," said Jurgi Camblong, PhD., Chief Executive Officer and Co-founder. "In addition to reaccelerating topline growth, we also continued to optimize SOPHiA DDM$(TM)$'s data processing capabilities and delivered a record adjusted gross margin of 75.7%, up 520bps year-over-year. Prudent cost management across all spending categories resulted in a 24% year-over-year improvement to adjusted EBITDA loss during the period, demonstrating steady progress on our path to profitability."
Camblong added, "Looking ahead, we remain confident in our long-term growth and in the growth prospects of our end markets. New business momentum remains strong, driven by notable catalysts such as the new Liquid Biopsy application MSK-ACCESS$(R)$ powered with SOPHiA DDM(TM), a relatively underpenetrated U.S. market where revenue from core genomics customers grew over 30%, and a large base of new customers to onboard and expand over the remainder of 2025."
First Quarter 2025 Business Highlights
Expanding usage of SOPHiA DDM(TM) worldwide
-- Performed 93,000 analyses on SOPHiA DDM(TM), representing 11%
year-over-year volume growth
-- Reached 490 core genomics customers as of March 31, 2025, up from 463
customers at the end of Q1 2024
-- Completed implementation for 33 new core genomics customers during Q1
2025, up from an average of 23 customers implemented per quarter in 2024
-- Delivered strong analysis volume growth in NORAM and APAC with 32% and
40% year-over-year growth, respectively
-- Hit a major Platform milestone during Q1, passing 2 million cumulative
genomic profiles analyzed by SOPHiA DDM(TM) since inception
Landing new customers to fuel future platform growth
-- Landed 28 new core genomics customers in Q1 2025 who will implement
SOPHiA DDM(TM) and begin generating revenue over the next twelve months,
up from 20 new customers signed in Q1 2024
-- Signed major new customers across geographies including Jessa Ziekenhuis
in Belgium who is adopting SOPHiA DDM(TM) for Solid Tumor, Liquid Biopsy,
and HemOnc testing; LifeLabs, a central reference lab in Canada, who is
adopting Solid Tumor applications; and Premier Integrated Labs in
Malaysia who is adopting numerous applications in Hereditary Cancer,
HemOnc, and Inherited Disorders, in addition to MSK-ACCESS(R) powered
with SOPHiA DDM(TM)
Building strong new business momentum with new applications
-- Expanded the October 2024 collaboration with AstraZeneca to accelerate
the deployment of MSK-ACCESS(R) powered with SOPHiA DDM(TM) globally,
extending the scope to 30 total sponsored institutions worldwide
-- Recently signed new customers to the Liquid Biopsy application
MSK-ACCESS(R) powered with SOPHiA DDM(TM), including Kuwait Cancer
Control Center; Centre Hospitalier Régional Universitaire de Nancy
in Nancy, France; and Hospital de Amor in Barretos, Brazil
-- Continued to drive significant demand for MSK-ACCESS(R) and MSK-IMPACT(R)
powered with SOPHiA DDM(TM), with a healthy and growing pipeline of more
than 60 identified opportunities
Continued driving strong business growth in the U.S. market
-- Delivered over 30% year-over-year revenue growth from U.S. core genomics
customers in Q1
-- Expanded our partnerships with two top-ranked U.S. hospitals, including
Henry Ford Hospital who is adopting additional Solid Tumor and HemOnc
applications on SOPHiA DDM(TM) and the Mayo Clinic who is adopting HemOnc
applications
-- Signed Mount Sinai during Q1, one of the leading hospital systems in the
world based in New York City, who is adopting HemOnc and Solid Tumor
applications
Growing sustainably by maintaining an obsession with operational excellence
-- Achieved a record 75.7% adjusted gross margin, up 520bps year-over-year,
by continuing to optimize compute costs and leverage the scale of the
cloud-native SOPHiA DDM(TM) platform
-- Remained laser-focused on operational excellence and cost containment and
improved adjusted EBITDA loss by 24% year-over-year to $9.8 million
-- The Company reaffirms commitment to profitable growth and expects to be
approaching adjusted EBITDA breakeven by the end of 2026 and crossing
over to positive adjusted EBITDA in the second half of 2027
2025 Financial Outlook
Based on information as of today, SOPHiA GENETICS is reaffirming the previously provided guidance of:
-- Full-year revenue between $72 million and $76 million, representing
growth of approximately 10% to 17% compared to FY 2024
-- Adjusted EBITDA loss between $35 million and $39 million, compared to
$40.2 million in FY 2024
Non-IFRS Financial Measures
Other than with respect to revenue, the Company only provides guidance on a non-IFRS basis. The Company does not provide a reconciliation of forward-looking adjusted gross margin (non-IFRS measure) to gross margin (the most comparable IFRS financial measure), due to the inherent difficulty in forecasting and quantifying amortization of capitalized research & development expenses that are necessary for such reconciliation. In addition, the Company does not provide a reconciliation of forward-looking adjusted operating loss (non-IFRS measure) to operating loss (the most comparable IFRS financial measure), due to the inherent difficulty in forecasting and quantifying amortization of capitalized research & development expenses and intangible assets, share-based compensation expenses, and non-cash portion of pensions paid in excess of actual contributions, that are necessary for such reconciliation.
To provide investors with additional information regarding the company's financial results, SOPHiA GENETICS has disclosed here and elsewhere in this earnings release the following non-IFRS measures:
-- Adjusted gross profit, which the company calculates as revenue minus cost
of revenue adjusted to exclude amortization of capitalized research and
development expenses;
-- Adjusted gross profit margin, which the company calculates as adjusted
gross profit as a percentage of revenue;
-- Adjusted operating loss, which the company calculates as operating loss
adjusted to exclude amortization of capitalized research and development
expenses, amortization of intangible assets, share-based compensation
expense, and non-cash portion of pensions expense paid in excess of
actual contributions to match the actuarial expense.
-- EBITDA, which the company calculates as loss for the year before
depreciation, amortization, interest income, interest expense, fair value
adjustments on warrant obligations, foreign exchange (losses) gains, net,
and income tax (expense) benefit; and
-- Adjusted EBITDA, which the company calculates as EBITDA adjusted to
exclude share-based compensation expense, non-cash pension expenses, and
costs associated with restructuring.
These non-IFRS measures are key measures used by SOPHiA GENETICS management and board of directors to evaluate its operating performance and generate future operating plans. The exclusion of certain expenses facilitates operating performance comparability across reporting periods by removing the effect of non-cash expenses and certain variable charges. Accordingly, the company believes that these non-IFRS measures provide useful information to investors and others in understanding and evaluating its operating results in the same manner as its management and board of directors.
These non-IFRS measures have limitations as financial measures, and you should not consider them in isolation or as a substitute for analysis of SOPHiA GENETICS' results as reported under IFRS. Some of these limitations are:
-- These non-IFRS measures exclude the impact of depreciation. Although
depreciation is a non-cash charge, the assets being depreciated may need
to be replaced in the future and these non-IFRS measures do not reflect
capital expenditure requirements for such replacements or for new capital
expenditures;
-- These non-IFRS measures exclude the impact of interest expense. Interest
expense will continue to be for the foreseeable future a recurring
expense based on the company's financial liabilities;
-- These non-IFRS measures exclude the impact of interest income. Interest
income will continue to be for the foreseeable future recurring income
based on the company's financial assets;
-- These non-IFRS measures exclude the impact of income taxes. Income taxes
will continue to be for the foreseeable future a recurring expense
incurred in the various jurisdictions in which the company operates;
-- These non-IFRS measures exclude the impact of foreign exchange gains
(losses),net. Foreign exchange gains and losses will continue to be for
the foreseeable future a recurring expense incurred as the company
participates in transactions outside of the company's functional
currency;
-- These non-IFRS measures exclude the impact of fair value adjustments of
warrant obligations. Fair value adjustments on warrant obligations will
continue to be for the foreseeable future a recurring expense incurred as
the company has outstanding warrant obligations;
-- These non-IFRS measures exclude the impact of amortization of capitalized
research and development expenses and intangible assets. Although
amortization is a non-cash charge, the assets being amortized may need to
be replaced in the future and these non-IFRS measures do not reflect
capital expenditure requirements for such replacements or for new capital
expenditures;
-- These non-IFRS measures exclude the impact of share-based compensation
expenses. Share-based compensation has been, and will continue to be for
the foreseeable future, a recurring expense in the company's business and
an important part of its compensation strategy;
-- These non-IFRS measures exclude the impact of the non-cash portion of
pensions paid in excess of actual contributions to match actuarial
expenses. Pension expenses have been, and will continue to be for the
foreseeable future, a recurring expense in the business; and
-- Other companies, including companies in the company's industry, may
calculate these non-IFRS measures differently, which reduces their
usefulness as comparative measures.
Because of these limitations, you should consider these non-IFRS measures alongside other financial performance measures, including various cash flow metrics, net income and other IFRS results.
The tables below provide the reconciliation of the most comparable IFRS measures to the non-IFRS measures for the periods presented.
Presentation of Constant Currency Revenue
SOPHiA GENETICS operates internationally, and its revenues are generated primarily in the U.S. dollar, the euro and Swiss franc and, to a lesser extent, British pound, Australian dollar, Brazilian real, Turkish lira and Canadian dollar depending on the company's customers' geographic locations. Changes in revenue include the impact of changes in foreign currency exchange rates. We present the non-IFRS financial measure "constant currency revenue" (or similar terms such as constant currency revenue growth) to show changes in revenue without giving effect to period-to-period currency fluctuations. Under IFRS, revenues received in local (non-U.S. dollar) currencies are translated into U.S. dollars at the average monthly exchange rate for the month in which the transaction occurred. When the company uses the term "constant currency", it means that it has translated local currency revenues for the current reporting period into U.S. dollars using the same average foreign currency exchange rates for the conversion of revenues into U.S. dollars that we used to translate local currency revenues for the comparable reporting period of the prior year. The company then calculates the difference between the IFRS revenue and the constant currency revenue to yield the "constant currency impact" for the current period.
The company's management and board of directors use constant currency revenue growth to evaluate growth and generate future operating plans. The exclusion of the impact of exchange rate fluctuations provides comparability across reporting periods and reflects the effects of customer acquisition efforts and land-and-expand strategy. Accordingly, it believes that this non-IFRS measure provides useful information to investors and others in understanding and evaluating revenue growth in the same manner as the management and board of directors. However, this non-IFRS measure has limitations, particularly as the exchange rate effects that are eliminated could constitute a significant element of its revenue and could significantly impact performance and prospects. Because of these limitations, you should consider this non-IFRS measure alongside other financial performance measures, including revenue and revenue growth presented in accordance with IFRS and other IFRS results.
The table below provides the reconciliation of the most comparable IFRS growth measures to the non-IFRS growth measures for the current period.
Earnings Call and Webcast Information
SOPHiA GENETICS will host a conference call and live webcast to discuss the first quarter 2025 results on Tuesday, May 6, 2025, at 8:00 a.m. (08:00) Eastern Time / 2:00 p.m. (14:00) Central European Time. The call will be webcast live on the SOPHiA GENETICS Investor Relations website, ir.sophiagenetics.com. Additionally, an audio replay of the conference call will be available on the SOPHiA GENETICS website after its completion.
About SOPHiA GENETICS
SOPHiA GENETICS (Nasdaq: SOPH) is a cloud-native healthcare technology company on a mission to expand access to data-driven medicine by using AI to deliver world-class care to patients with cancer and rare disorders across the globe. It is the creator of SOPHiA DDM(TM), a platform that analyzes complex genomic and multimodal data and generates real-time, actionable insights for a broad global network of hospital, laboratory, and biopharma institutions. For more information, visit SOPHiAGENETICS.COM and connect with us on LinkedIn.
Forward-Looking Statements
This press release contains statements that constitute forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding SOPHiA GENETICS future results of operations and financial position, business strategy, products and technology, partnerships and collaborations, as well as plans and objectives of management for future operations, are forward-looking statements. Forward-looking statements are based on SOPHiA GENETICS' management's beliefs and assumptions and on information currently available to the company's management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including those described in the company's filings with the U.S. Securities and Exchange Commission. No assurance can be given that such future results will be achieved. Such forward-looking statements contained in this press release speak only as of its date. We expressly disclaim any obligation or undertaking to update these forward-looking statements contained in this press release to reflect any change in the company's expectations or any change in events, conditions, or circumstances on which such statements are based, unless required to do so by applicable law. No representations or warranties (expressed or implied) are made about the accuracy of any such forward-looking statements.
SOPHiA GENETICS SA
Interim Condensed Consolidated Statements of Loss
(Amounts in USD thousands, except per share data)
(Unaudited)
Three months ended March 31,
--------------------------------------------------------
2025 2024
--------------------------- ---------------------------
Revenue $ 17,779 $ 15,779
Cost of revenue (5,571) (5,374)
--------------------------- ---------------------------
Gross profit 12,208 10,405
--------------------------- ---------------------------
Research and
development
costs (9,118) (9,391)
Selling and
marketing
costs (7,534) (6,951)
General and
administrative
costs (11,600) (12,825)
Other operating
income, net 8 6
--------------------------- ---------------------------
Operating loss (16,036) (18,756)
--------------------------- ---------------------------
Interest income 450 901
Interest expense (659) (143)
Fair value
adjustments on
warrant
obligations (38) --
Foreign exchange
(losses) gains,
net (599) 4,610
--------------------------- ---------------------------
Loss before
income taxes (16,882) (13,388)
--------------------------- ---------------------------
Income tax
expense (503) (316)
--------------------------- ---------------------------
Loss for the
period (17,385) (13,704)
--------------------------- ---------------------------
Attributable to
the owners of
the parent (17,385) (13,704)
--------------------------- ---------------------------
Basic and
diluted loss
per share $ (0.26) $ (0.21)
=========================== ===========================
SOPHiA GENETICS SA
Interim Condensed Consolidated Statements of Comprehensive Loss
(Amounts in USD thousands)
(Unaudited)
Three months ended March 31,
-------------------------------------------------------
2025 2024
-------------------------- ---------------------------
Loss for the
period $ (17,385) $ (13,704)
Other
comprehensive
(loss) income:
Items that may
be
reclassified
to statement
of loss
Currency
translation
adjustments 2,586 (9,393)
-------------------------- ---------------------------
Total items that
may be
reclassified to
statement of
loss 2,586 (9,393)
Items that
will not be
reclassified
to statement
of loss (net
of tax)
Remeasurement
of defined
benefit plans 47 (15)
-------------------------- ---------------------------
Total items that
will not be
reclassified to
statement of
loss 47 (15)
Other
comprehensive
(loss) income for
the period $ 2,633 $ (9,408)
========================== ===========================
Total
comprehensive
loss for the
period $ (14,752) $ (23,112)
========================== ===========================
Attributable to
owners of the
parent $ (14,752) $ (23,112)
========================== ===========================
SOPHiA GENETICS SA
Interim Condensed Consolidated Balance Sheets
(Amounts in USD thousands)
(Unaudited)
March 31, 2025 December 31, 2024
-------------------------- --------------------------
Assets
Current assets
Cash and cash
equivalents $ 68,528 $ 80,226
Accounts
receivable 10,695 7,436
Inventory 5,050 5,868
Prepaids and
other current
assets 5,778 5,875
-------------------------- --------------------------
Total current
assets 90,051 99,405
-------------------------- --------------------------
Non-current
assets
Property and
equipment 4,986 5,209
Intangible assets 29,994 28,998
Right-of-use
assets 14,028 14,168
Deferred tax
assets 1,777 1,767
Other non-current
assets 5,883 5,762
-------------------------- --------------------------
Total non-current
assets 56,668 55,904
-------------------------- --------------------------
Total assets $ 146,719 $ 155,309
========================== ==========================
Liabilities and
equity
Current
liabilities
Accounts payable $ 4,606 $ 5,220
Accrued expenses 11,730 13,217
Deferred contract
revenue 9,838 5,732
Lease
liabilities,
current portion 2,288 2,190
Warrant
obligations 482 444
Total current
liabilities 28,944 26,803
-------------------------- --------------------------
Non-current
liabilities
Borrowings 13,317 13,237
Lease
liabilities, net
of current
portion 14,525 14,603
Defined benefit
pension
liabilities 3,983 3,839
Other non-current
liabilities 337 337
-------------------------- --------------------------
Total non-current
liabilities 32,162 32,016
-------------------------- --------------------------
Total liabilities 61,106 58,819
-------------------------- --------------------------
Equity
Share capital 4,188 4,188
Share premium 472,283 472,244
Treasury shares (694) (702)
Other reserves 67,498 61,037
Accumulated
deficit (457,662) (440,277)
-------------------------- --------------------------
Total equity 85,613 96,490
-------------------------- --------------------------
Total liabilities
and equity $ 146,719 $ 155,309
========================== ==========================
SOPHiA GENETICS SA
Interim Condensed Consolidated Statements of Cash Flows
(Amounts in USD thousands)
(Unaudited)
Three months ended March 31,
------------------------------------------------------
2025 2024
-------------------------- --------------------------
(As Recast)(1)
Operating
activities
Loss before tax $ (16,882) $ (13,388)
Adjustments for
non-monetary
items
Depreciation 985 1,158
Amortization 1,312 901
Finance expense
(income), net 925 (5,046)
Fair value
adjustments on
warrant
obligations 38 --
Expected credit
loss allowance (20) (48)
Share-based
compensation 3,835 3,714
Movements in
provisions and
pensions 57 (135)
Research tax
credit (172) (104)
Working capital
changes
(Increase)
decrease in
accounts
receivable (2,961) 2,168
Decrease
(increase) in
prepaids and
other assets 393 (182)
Decrease in
inventory 972 376
Increase
(decrease) in
accounts
payables, accrued
expenses,
deferred contract
revenue, and
other
liabilities 813 (4,058)
-------------------------- --------------------------
Cash used in
operating
activities (10,705) (14,644)
-------------------------- --------------------------
Income tax paid (45) (1)
-------------------------- --------------------------
Net cash flows
used in operating
activities (10,750) (14,645)
-------------------------- --------------------------
Investing
activities
Purchase of
property and
equipment -- (99)
Acquisition of
intangible
assets (46) (50)
Capitalized
development
costs (1,445) (1,809)
Interest received 452 953
-------------------------- --------------------------
Net cash flow used
in investing
activities (1,039) (1,005)
--------------------------
Financing
activities
Proceeds from
exercise of share
options 40 188
Interest paid (567) (147)
Capitalized
borrowing
transaction
costs -- (49)
Payments of
principal portion
of lease
liabilities (463) (735)
-------------------------- --------------------------
Net cash flow used
in financing
activities (990) (743)
-------------------------- --------------------------
Decrease in cash
and cash
equivalents (12,779) (16,393)
-------------------------- --------------------------
Effect of exchange
differences on
cash balances 1,081 (3,123)
Cash and cash
equivalents at
beginning of the
year 80,226 123,251
-------------------------- --------------------------
Cash and cash
equivalents at
end of the
period $ 68,528 $ 103,735
========================== ==========================
(1) Refer to "Note 1--Change in accounting policies--Statement of Cash Flows -
Interest Classification" for details on change in accounting policy of exhibit
99.1 within of the Form 6-K filed on May 6,2025 .
SOPHiA GENETICS SA
Reconciliation of IFRS Net Loss to EBITDA and Adjusted EBITDA
(Amounts in USD thousands)
(Unaudited)
Three months ended March 31,
-------------------------------------------------------
2025 2024
Loss for the
period $ (17,385) $ (13,704)
Exclude the
impact of:
Depreciation $ 985 $ 1,158
Amortization 1,312 901
Interest income $(450.UK)$ (901)
Interest expense 659 143
Fair value
adjustments on
warrant
obligations 38 --
Foreign exchange
gains (losses),
net 599 (4,610)
Income tax
expense 503 316
--------------------------- --------------------------
EBITDA $ (13,739) $ (16,697)
Adjustments to
EBITDA:
Share-based
compensation
expense(1) 3,835 3,714
Non-cash pension
expense(2) 86 77
Adjusted EBITDA $ (9,818) $ (12,906)
SOPHiA GENETICS SA Reconciliation of IFRS Net Loss to EBITDA and Adjusted
EBITDA for the fiscal year 2024 (Amounts in USD thousands) (Unaudited)
Year ended
-------------------------------------------------------------
December 31, 2024
Loss for the
period $ (62,493)
Exclude the
impact of:
Depreciation $ 4,575
Amortization 4,021
Interest
income (3,362)
Interest
expense 1,913
Fair value
adjustments
on warrant
obligations (370)
Foreign
exchange
losses, net (3,479)
Income tax
expense 1,223
-------------------------------------------------------------
EBITDA $ (57,972)
Adjustments
to EBITDA:
Share-based
compensation
expense(1) 16,488
Non-cash
pension
expense(2) 1,306
Adjusted
EBITDA $ (40,178)
SOPHiA GENETICS SA Reconciliation of IFRS Revenue Growth to Constant
Currency Revenue Growth (Amounts in USD thousands, except for %)
(Unaudited)
Three months ended March 31,
------------------------------------
2025 2024 Growth
------------- ------------- ------
IFRS revenue $ 17,779 $ 15,779 13 %
Current period constant currency
impact 418 --
------------- ------------- ------
Constant currency revenue $ 18,197 $ 15,779 15 %
SOPHiA GENETICS SA
Reconciliation of IFRS to Adjusted Gross Profit and Gross Profit Margin
(Amounts in USD thousands, except percentages)
(Unaudited)
Three months ended March 31,
----------------------------------------------
2025 2024
---------------------- ----------------------
Revenue $ 17,779 $ 15,779
Cost of revenue (5,571) (5,374)
---------------------- ----------------------
Gross profit $ 12,208 $ 10,405
Amortization of
capitalized research and
development expenses(3) 1,241 727
Adjusted gross profit $ 13,449 $ 11,132
====================== ======================
Gross profit margin 68.7 % 65.9 %
Amortization of
capitalized research and
development expenses(3) 7.0 % 4.6 %
Adjusted gross profit
margin 75.7 % 70.5 %
SOPHiA GENETICS SA
Reconciliation of IFRS to Adjusted Operating Loss for the Period
(Amounts in USD thousands)
(Unaudited)
Three months ended March 31,
------------------------------------------------------
2025 2024
-------------------------- --------------------------
Operating loss $ (16,036) $ (18,756)
Amortization of
capitalized
research &
development
expenses(3) 1,241 727
Amortization of
intangible
assets(4) 71 174
Share-based
compensation
expense(1) 3,835 3,714
Non-cash pension
expense(2) 86 77
Adjusted operating
loss $ (10,803) $ (14,064)
========================== ==========================
Notes to the Reconciliation of IFRS to Adjusted Financial Measures Tables
(1) Share-based compensation expense represents the cost of equity awards
issued to our directors, officers, and employees. The fair value of
awards is computed at the time the award is granted and is recognized
over the vesting period of the award by a charge to the income statement
and a corresponding increase in other reserves within equity. These
expenses do not have a cash impact but remain a recurring expense for our
business and represent an important part of our overall compensation
strategy.
(2) Non-cash pension expense consists of the amount recognized in excess of
actual contributions made to our defined pension plans to match actuarial
expenses calculated for IFRS purposes. The difference represents a
non-cash expense but remains a recurring expense for our business as we
continue to make contributions to our plans for the foreseeable future.
(3) Amortization of capitalized research and development expenses consists of
software development costs amortized using the straight-line method over
an estimated life of five years. These expenses do not have a cash impact
but remain a recurring expense generated over the course of our research
and development initiatives.
(4) Amortization of intangible assets consists of costs related to intangible
assets amortized over the course of their useful lives. These expenses do
not have a cash impact, but we could continue to generate such expenses
through future capital investments.
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SOURCE SOPHiA GENETICS
(END) Dow Jones Newswires
May 06, 2025 06:45 ET (10:45 GMT)
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