GeneDx Falls Premarket After Company Slashes '26 Rev View

Dow Jones
05/05
 

By Rob Curran

 

Shares of GeneDx tumbled premarket after the genetic-testing firm posted a surprisingly wide first-quarter loss and slashed its revenue forecast for the year due to an anticipated of more moderate growth in test volumes.

Its stock fell 41% in premarket trading to $39.87.

Late Monday, the company logged a loss of $63.3 million, or $2.16 a share, wider than $6.5 million, or 23 cents a share, a year earlier, and far wider than the 56 cents a share loss anticipated by analysts at brokerage FactSet.

Revenue rose 17% to $102.3 million, short of the average analyst target of $112.5 million.

For the second quarter, GeneDx forecast an adjusted loss of $5 million on revenue of $110 million to $112 million, shy of the average analyst estimate of $122 million.

For 2026, GeneDx slashed its revenue forecast to a range between $475 million and $490 million from a previous $540 million-to-$555 million estimate, compared to the Wall Street peg of $509.7 million. The company pared its projection for growth in test volumes. The company still anticipates positive adjusted earnings for the year.

 

Write to Rob Curran at rob.curran@dowjones.com

 

(END) Dow Jones Newswires

May 05, 2026 06:40 ET (10:40 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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