Welcome to our dedicated page for Orasure Tech news (Ticker: OSUR), a resource for investors and traders seeking the latest updates and insights on Orasure Tech stock.
OraSure Technologies, Inc. (NASDAQ: OSUR) is a medical devices company focused on point-of-need and home diagnostic tests and sample management solutions. The OraSure news stream on this page highlights company announcements, financial updates, product milestones, governance changes, and shareholder developments that shape the OSUR investment story.
News coverage commonly includes quarterly and year-to-date financial results, where OraSure reports net revenues, gross margins, operating performance, and the mix of diagnostics, sample management solutions, COVID-19 diagnostics, risk assessment testing, molecular services, and non-product revenues. Earnings releases also discuss core business trends, cash and cash equivalents, and share repurchase activity, providing context on the company’s financial condition and capital allocation.
Investors and industry followers can also track product and innovation milestones, such as FDA submissions for the Sherlock rapid molecular self-test for Chlamydia trachomatis and Neisseria gonorrhoeae (CT/NG) and the Colli-Pee at-home urine collection device for sexually transmitted infections. Additional updates may cover launches of research-use products like HEMAcollect PROTEIN, agreements with partners such as GeneDx, and participation in initiatives like the ENDO1000 project.
Governance and corporate developments feature prominently in OraSure news. Recent items include board refreshment, the appointment of new independent directors, changes in board leadership, and the hiring of senior executives such as the Chief Commercial Officer. News also documents shareholder engagement, including communications from Altai Capital Management regarding board nominations and perspectives on company performance and strategy.
By following this OSUR news page, readers can review a chronological record of OraSure’s press releases and related items, covering earnings, product pipeline progress, strategic initiatives, board composition, and shareholder actions, all drawn from official company and partner announcements.
OraSure Technologies reported Q4 2022 revenue of $123.1 million, a 94% increase year-over-year, driven by InteliSwab® sales of $88.9 million, up 12% sequentially. The company secured two federal contracts for InteliSwab® and partnered with Quest Diagnostics for saliva collection kits. Q4 GAAP EPS was $0.21, with Non-GAAP EPS at $0.36. A restructuring plan is expected to save $15 million annually, aiming for cash flow breakeven by end of 2024. Cash increased to $111 million. Notably, sales of COVID-19 kits declined by 98% year-over-year.
OraSure Technologies, Inc. (NASDAQ: OSUR) will host its earnings conference call on February 14, 2023, at 5:00 PM ET, to discuss its fourth quarter 2022 financial results and recent business developments. A press release detailing the financial results will be made available at 4:05 PM ET on the same day. Interested parties may register for the teleconference through a link provided in the announcement. The call will also be available via webcast on OraSure’s investor relations page and will be archived for 14 days post-event.
OraSure Technologies (NASDAQ: OSUR) rang the Nasdaq closing bell on December 1, 2022, in honor of World AIDS Day. This day aims to raise awareness about the AIDS epidemic and recognize those lost to the disease. The 2022 theme emphasizes the importance of equity in the fight against HIV. The company has been a significant player in HIV diagnostics since 2002, focusing on providing accessible testing, especially for marginalized communities. OraSure's collaboration with the CDC allows them to supply up to one million OraQuick® In-Home HIV tests to those at higher risk in the U.S.
OraSure Technologies (NASDAQ: OSUR) announced that CFO Ken McGrath will participate in a fireside chat at the Stephens Annual Investment Conference on November 17, 2022, at 9:00 am ET. The event will be webcast live, allowing investors and stakeholders to tune in online. Replays of the presentation will be available on the company's website for 14 days. OraSure specializes in point of care diagnostic tests and offers various health solutions through its subsidiaries, including DNA Genotek and Diversigen.
OraSure Technologies reported a record revenue of $116.5 million for Q3 2022, marking a 116% increase from the previous year. The revenue from its InteliSwab testing increased to $79.6 million, a sequential growth of 85%. The company achieved a GAAP EPS of $0.07 and a non-GAAP EPS of $0.13. Positive cash flow from operations reached $16.3 million, ahead of guidance. Recent contracts have increased product visibility, including sales on Amazon. The company also secured an $8.6 million contract to develop a second-generation Ebola test.
OraSure Technologies (NASDAQ: OSUR) has received U.S. FDA clearance for its ORAcollect®•Dx saliva collection device for over-the-counter use, previously approved only for prescription. This device will be marketed alongside therapeutics for screening alpha1-antitrypsin deficiency (alpha-1) through a partnership with Grifols. Approximately 3% of COPD patients are estimated to be at risk for alpha-1. The AlphaID™ At Home Genetic Health Risk Service will be launched by Grifols in Q2 2023, utilizing the ORAcollect®•Dx to identify at-risk individuals.
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