SOPHiA GENETICS Reports First Quarter 2026 Results
Rhea-AI Summary
SOPHiA GENETICS (Nasdaq: SOPH) reported Q1 2026 results for the quarter ended March 31, 2026. Revenue was $21.7 million (+22% YoY). IFRS net loss was $19.3 million (up 11% YoY); adjusted EBITDA loss improved to $9.2 million. Adjusted gross margin was 75.4%.
The company performed a record 108,000 SOPHiA DDMTM analyses, increased net dollar retention to 117%, and reaffirmed FY 2026 revenue guidance of $92–$94 million with adjusted EBITDA loss guidance of $29–$32 million.
Positive
- Revenue $21.7M, +22% year-over-year
- Record 108,000 SOPHiA DDMTM analyses (+16% volume YoY)
- Adjusted gross margin 75.4% in Q1 2026
- Net dollar retention 117% in Q1 2026
- Reaffirmed FY revenue guidance $92–$94M
Negative
- IFRS net loss $19.3M, +11% year-over-year
- Adjusted EBITDA loss $9.2M in Q1 2026
- FY 2026 adjusted EBITDA loss guidance $29–$32M
Key Figures
Market Reality Check
Peers on Argus
Only one close peer, SLP, appeared on momentum screens, up about 3.43%. With limited peer participation and mixed broader peer moves, SOPH’s setup appears more stock-specific than sector-driven.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 03 | Earnings release | Positive | -11.3% | Reported Q4 and FY 2025 results with 22% Q4 and 19% FY revenue growth. |
| Jan 12 | Prelim earnings | Positive | -2.6% | Issued preliminary Q4/FY 2025 results, 2026 guidance, and announced executive transition plan. |
| Nov 04 | Earnings release | Positive | -6.4% | Q3 2025 earnings with 23% revenue growth and raised full‑year revenue guidance. |
| Aug 05 | Earnings release | Positive | +3.6% | Q2 2025 results showing 16% revenue growth and higher adjusted gross margin. |
| May 06 | Earnings release | Positive | -4.5% | Q1 2025 earnings with 13% revenue growth and record 75.7% adjusted gross margin. |
Earnings releases have generally shown healthy growth but were followed by negative price reactions in most cases.
Over the past year, SOPHiA GENETICS has consistently reported double‑digit revenue growth and strong adjusted gross margins across quarters, while remaining loss‑making on an IFRS basis. Key earnings on May 06, 2025, Aug 05, 2025, Nov 04, 2025, Jan 12, 2026, and Mar 03, 2026 all highlighted expanding platform usage and reiterated multi‑year guidance. Despite this, four of these five earnings‑tagged events saw negative next‑day moves, suggesting a pattern of cautious market reactions to results.
Historical Comparison
Across the last 5 earnings‑tagged releases, SOPH’s average next‑day move was -4.23%, with most reports showing solid growth yet drawing cautious price reactions.
Earnings releases show revenue rising from $17.8M in Q1 2025 to $21.7M in Q4 2025, with adjusted gross margins generally in the mid‑70% range and recurring guidance toward adjusted EBITDA breakeven around end‑2026.
Regulatory & Risk Context
An effective F-3 registration filed on Mar 03, 2026 covers up to 75,000 warrant shares for resale by a selling shareholder. The company may receive up to $388,717.50 upon full exercise at $5.1829 per share, earmarked for working capital and general corporate purposes. This registration is relatively small versus the reported 89,321,220 ordinary shares outstanding as of Dec 31, 2025.
Market Pulse Summary
This announcement highlights continued scaling of SOPHiA DDM, with Q1 2026 revenue of $21.7M up 22% year-over-year and adjusted gross margin of 75.4%. Record analyses, higher net dollar retention of 117%, and reaffirmed 2026 guidance underscore steady execution, while IFRS net loss of $19.3M and adjusted EBITDA loss of $9.2M show profitability remains a work in progress. Investors may watch future quarters for sustained growth, margin stability, and delivery against the EBITDA breakeven timeline.
Key Terms
ifrs financial
adjusted ebitda financial
non-ifrs financial
adjusted gross margin financial
constant currency revenue financial
warrants financial
companion diagnostic (cdx) medical
AI-generated analysis. Not financial advice.
First Quarter 2026 Financial Results
- Revenue was
$21.7 million 22% year-over-year - Gross margin was
68.0% on a reported basis and75.4% on an adjusted basis, compared to68.7% reported and75.7% adjusted in the prior year period - IFRS net loss was
$19.3 million 11% year-over-year; Adjusted EBITDA loss was$9.2 million 3% year-over-year
"We started 2026 strong, delivering
Camblong added, "Looking ahead, new business momentum remains strong. Exciting new applications, continued
Business Highlights
Expanding with existing customers
- Performed a record 108,000 analyses on SOPHiA DDMTM, representing
16% year-over-year volume growth - Delivered strong analysis volume growth in the
U.S. andAsia Pacific (APAC) with28% and31% year-over-year growth, respectively;Europe andMiddle East (EMEA) revenue was up30% in the period - Expanded our footprint with existing customers as Net Dollar Retention increased to
117% in Q1 2026, up from103% in Q1 2025 - Signed three notable expansion deals in EMEA, each valued over
$1 million U.S. - Reached 537 core genomics customers as of March 31, 2026, up from 490 customers a year ago
Landing new customers to fuel future growth
- Signed 18 new core genomic customers in Q1 2026, which are expected to begin generating revenue over the next twelve months
- Continued to sign premier healthcare institutions across the globe, including CHU Bordeaux's Haut Lévêque Hospital, one of
France's major university hospitals, for HemOnc; Maastricht UMC, a leading Dutch academic medical center, for MSK-ACCESS® powered with SOPHiA DDMTM; and Christian Medical College, one ofIndia's most prestigious medical institutions, for HemOnc
Accelerating growth in the U.S. market
- Achieved
28% year-over-yearU.S. analysis volume growth in Q1 2026 - Announced an expanded partnership with Mount Sinai Health System, one of the leading academic health systems in the
U.S. , which is adopting SOPHiA DDMTM for HemOnc and Solid Tumor testing; Mount Sinai joins a growing network ofNew York -area partners, including NYU Langone Health and Memorial Sloan Kettering Cancer Center - Signed Protean BioDiagnostics, a
Florida -based cancer diagnostics company, which is adopting SOPHiA DDMTM for Solid Tumor testing
Scaling growth with new applications
- Reached a total of 100 customers across 30+ countries signed-to-adopt the Liquid Biopsy application MSK-ACCESS® or the Solid Tumor application MSK-IMPACT®, less than two years after launch
- Performed nearly 3,000 Liquid Biopsy analyses in Q1 2026, up
100% + year-over-year, as customers implement the application and begin to ramp usage - Signed major new customers to the Liquid Biopsy application MSK-ACCESS® powered with SOPHiA DDMTM, including Ospedale Niguarda, one of
Italy's leading hospitals inMilan ; Ruhr University Bochum inGermany ; and King Abdullah International Medical Center inSaudi Arabia
Building BioPharma partnerships
- Continued to build momentum with BioPharma partners around evidence generation, sponsored deployment projects, and commercialization and co-development of future companion diagnostic (CDx) offerings
- Delivered positive BioPharma revenue growth in Q1, modestly accretive to the company's overall growth rate, as several recently signed new projects begin generating revenue
Driving operational excellence
- Achieved a
75.4% adjusted gross margin in Q1 2026 by continuing to optimize compute costs and leverage the scale of the cloud-native SOPHiA DDMTM platform - Executed targeted cost actions in April, modestly reducing headcount and operating spend as Ai-driven productivity improvements enabled us to streamline workflows while maintaining investment in key growth areas
- Reaffirmed commitment to profitable growth, expecting to approach adjusted EBITDA breakeven by the end of 2026 and cross over to positive adjusted EBITDA in the second half of 2027
2026 Financial Outlook
Based on information as of today, SOPHiA GENETICS is reaffirming the following guidance:
- Full year revenue between
$92 million $94 million 20% to22% year-over-year growth compared to FY 2025 - Adjusted EBITDA loss between
$29 million $32 million $41.5 million
Earnings Call and Webcast Information
SOPHiA GENETICS will host a conference call and live webcast to discuss the first quarter 2026 results on Tuesday, May 5, 2026, 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.
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 EBITDA (non-IFRS measure) to loss for the period (the most comparable IFRS financial measure), due to the inherent difficulty in forecasting and quantifying depreciation expense, amortization of capitalized research & development expenses and intangible assets, interest income, interest expense, fair value adjustments on warrants, income taxes, foreign exchange gains or losses, share-based compensation expenses, social charges on share-based compensation, the non-cash portion of pensions paid in excess of actual contributions, certain transaction costs and litigation expenses 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 EBITDA, which the company calculates as loss for the period before depreciation, amortization, interest income, interest expense, fair value adjustments on warrant obligations, foreign exchange (losses) gains, net, income tax (expense) benefit, share-based compensation expense, social charges on share-based compensation, non-cash pension expenses, certain transaction costs and litigation expenses.
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. Amortization of these assets will continue to be for the foreseeable future a recurring expense incurred as the Company continues to invest in developing revenue-generating products through research and development. 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 social charges related to share-based compensation. These social charges have been, and will continue to be for the foreseeable future, a recurring expense in the company's business;
- 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;
- These non-IFRS measures exclude the impact of certain capital markets transaction costs. These costs may occur from time to time in the future as needed to complete the transactions;
- These non-IFRS measures exclude the impact of litigation expenses related to the company's defense of lawsuits filed by Guardant Health. These expenses are expected to continue for the duration of the litigation and may increase in future periods;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
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.
About SOPHiA GENETICS
SOPHiA GENETICS (Nasdaq: SOPH) is an Ai-native healthcare technology company on a mission to transform patient care by expanding access to data-driven medicine globally. It is the creator of SOPHiA DDM™, an Ai platform that analyzes complex genomic and multimodal data to generate real-time, real-world 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
SOPHiA GENETICS SA Interim Condensed Consolidated Statements of Loss (Amounts in USD thousands, except per share data) (Unaudited) | ||||
Three months ended March 31, | ||||
2026 | 2025 | |||
Revenue | $ 21,688 | $ 17,779 | ||
Cost of revenue | (6,939) | (5,571) | ||
Gross profit | 14,749 | 12,208 | ||
Research and development costs | (9,460) | (9,118) | ||
Selling and marketing costs | (8,813) | (7,534) | ||
General and administrative costs | (13,759) | (11,600) | ||
Other operating income, net | — | 8 | ||
Operating loss | (17,283) | (16,036) | ||
Interest income | 289 | 450 | ||
Interest expense | (1,667) | (659) | ||
Fair value adjustments on warrant obligations | (92) | (38) | ||
Foreign exchange losses, net | (316) | (599) | ||
Loss before income taxes | (19,069) | (16,882) | ||
Income tax expense | (253) | (503) | ||
Loss for the period | (19,322) | (17,385) | ||
Attributable to the owners of the parent | (19,322) | (17,385) | ||
Basic and diluted loss per share | $ (0.27) | $ (0.26) | ||
SOPHiA GENETICS SA Interim Condensed Consolidated Statements of Comprehensive Loss (Amounts in USD thousands) (Unaudited) | ||||
Three months ended March 31, | ||||
2026 | 2025 | |||
Loss for the period | $ (19,322) | $ (17,385) | ||
Other comprehensive (loss) income: | ||||
Items that may be reclassified to statement of loss | ||||
Currency translation adjustments | (530) | 2,586 | ||
Total items that may be reclassified to statement of loss | (530) | 2,586 | ||
Items that will not be reclassified to statement of loss (net of tax) | ||||
Remeasurement of defined benefit plans | 123 | 47 | ||
Total items that will not be reclassified to statement of loss | 123 | 47 | ||
Other comprehensive (loss) income for the period | $ (407) | $ 2,633 | ||
Total comprehensive loss for the period | $ (19,729) | $ (14,752) | ||
Attributable to owners of the parent | $ (19,729) | $ (14,752) | ||
SOPHiA GENETICS SA Interim Condensed Consolidated Balance Sheets (Amounts in USD thousands) (Unaudited) | ||||
March 31, 2026 | December 31, 2025 | |||
Assets | ||||
Current assets | ||||
Cash and cash equivalents | $ 65,392 | $ 70,289 | ||
Accounts receivable | 14,312 | 15,001 | ||
Inventory | 7,086 | 6,351 | ||
Prepaids and other current assets | 9,021 | 7,438 | ||
Total current assets | 95,811 | 99,079 | ||
Non-current assets | ||||
Property and equipment | 5,096 | 5,665 | ||
Intangible assets | 35,824 | 35,891 | ||
Right-of-use assets | 11,701 | 12,382 | ||
Deferred tax assets | 1,813 | 1,831 | ||
Other non-current assets | 6,750 | 8,183 | ||
Total non-current assets | 61,184 | 63,952 | ||
Total assets | $ 156,995 | $ 163,031 | ||
Liabilities and equity | ||||
Current liabilities | ||||
Accounts payable | $ 12,668 | $ 8,960 | ||
Accrued expenses | 13,437 | 20,736 | ||
Deferred contract revenue | 15,946 | 16,720 | ||
Lease liabilities, current portion | 2,713 | 2,700 | ||
Warrant obligations | 1,831 | 1,412 | ||
Total current liabilities | 46,595 | 50,528 | ||
Non-current liabilities | ||||
Borrowings | 47,844 | 47,733 | ||
Lease liabilities, net of current portion | 11,868 | 12,587 | ||
Defined benefit pension liabilities | 4,098 | 4,162 | ||
Other non-current liabilities | 902 | 876 | ||
Total non-current liabilities | 64,712 | 65,358 | ||
Total liabilities | 111,307 | 115,886 | ||
Equity | ||||
Share capital | 4,814 | 4,814 | ||
Share premium | 488,423 | 473,675 | ||
Treasury shares | (1,007) | (1,218) | ||
Other reserves | 92,056 | 89,150 | ||
Accumulated deficit | (538,598) | (519,276) | ||
Total equity | 45,688 | 47,145 | ||
Total liabilities and equity | $ 156,995 | $ 163,031 | ||
SOPHiA GENETICS SA Interim Condensed Consolidated Statements of Cash Flows (Amounts in USD thousands) (Unaudited) | ||||
Three months ended March 31, | ||||
2026 | 2025 | |||
Operating activities | ||||
Loss before tax | $ (19,069) | $ (16,882) | ||
Adjustments for non-monetary items | ||||
Depreciation | 1,079 | 985 | ||
Amortization | 1,672 | 1,312 | ||
Finance expense, net | 1,426 | 925 | ||
Fair value adjustments on warrant obligations | 92 | 38 | ||
Expected credit loss allowance increase (reversal) | 30 | (20) | ||
Share-based compensation | 3,313 | 3,835 | ||
Movements in provisions and pensions | 25 | 57 | ||
Research tax credit | (173) | (172) | ||
Loss on disposal of property and equipment | 3 | — | ||
Working capital changes | ||||
Decrease (increase) in accounts receivable | 469 | (2,961) | ||
Decrease (increase) in prepaids and other assets | 189 | 393 | ||
Decrease (increase) in inventory | (867) | 972 | ||
Increase (decrease) in accounts payables, accrued expenses, | (3,275) | 813 | ||
Cash used in operating activities | (15,086) | (10,705) | ||
Income tax paid | (34) | (45) | ||
Net cash flows used in operating activities | (15,120) | (10,750) | ||
Investing activities | ||||
Purchase of property and equipment | (878) | — | ||
Acquisition of intangible assets | (32) | (46) | ||
Capitalized development costs | (1,960) | (1,445) | ||
Interest received | 289 | 452 | ||
Net cash flow used in investing activities | (2,581) | (1,039) | ||
Financing activities | ||||
Proceeds from exercise of share options | 463 | 40 | ||
Interest paid | (1,348) | (567) | ||
Proceeds from sale of common stock in at-the-market offering, | 14,496 | — | ||
Payments of principal portion of lease liabilities | (569) | (463) | ||
Net cash flow provided by/(used in) financing activities | 13,042 | (990) | ||
Increase (decrease) in cash and cash equivalents | (4,659) | (12,779) | ||
Effect of exchange differences on cash balances | (238) | 1,081 | ||
Cash and cash equivalents at beginning of the period | 70,289 | 80,226 | ||
Cash and cash equivalents at end of the period | $ 65,392 | $ 68,528 | ||
SOPHiA GENETICS SA Reconciliation of IFRS Net Loss to Adjusted EBITDA (Amounts in USD thousands) (Unaudited) | ||||
Three months ended March 31, | ||||
2026 | 2025 | |||
IFRS loss for the period | $ (19,322) | $ (17,385) | ||
Exclude the impact of: | ||||
Depreciation | $ 1,079 | $ 985 | ||
Amortization(3)(4) | 1,672 | 1,312 | ||
Interest income | (289) | (450) | ||
Interest expense | 1,667 | 659 | ||
Fair value adjustments on warrant obligations | 92 | 38 | ||
Foreign exchange losses (gains), net | 316 | 599 | ||
Income tax expense | 253 | 503 | ||
Share-based compensation expense(1) | 3,313 | 3,835 | ||
Social charges related to share-based compensation(7) | 1,068 | 355 | ||
Non-cash pension expense(2) | 91 | 86 | ||
Transaction costs(5) | 168 | — | ||
Litigation expenses(6) | 689 | — | ||
Adjusted EBITDA | $ (9,203) | $ (9,463) | ||
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, | ||||||
2026 | 2025 | Growth | ||||
IFRS revenue | $ 21,688 | $ 17,779 | 22 % | |||
Current period constant currency impact | (1,482) | — | ||||
Constant currency revenue | $ 20,206 | $ 17,779 | 14 % | |||
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, | ||||
2026 | 2025 | |||
Revenue | $ 21,688 | $ 17,779 | ||
Cost of revenue | (6,939) | (5,571) | ||
Gross profit | $ 14,749 | $ 12,208 | ||
Amortization of capitalized research and development expenses(3) | 1,602 | 1,241 | ||
Adjusted gross profit | $ 16,351 | $ 13,449 | ||
Gross profit margin | 68.0 % | 68.7 % | ||
Amortization of capitalized research and development expenses(3) | 7.4 % | 7.0 % | ||
Adjusted gross profit margin | 75.4 % | 75.7 % | ||
Notes to the Reconciliation of IFRS to Adjusted Financial Measures Tables
- 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.
- 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.
- 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.
- 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.
- Transaction costs consists of expenses incurred in connection with the Company's shelf registration statement and the ATM program.
- Litigation expenses consists of expenses related to the company's defense of lawsuits filed by Guardant Health.
- Social charges related to share-based compensation consist of payroll taxes and other social charges on share-based compensation awards. These expenses have been, and will continue to be for the foreseeable future, a recurring expense in the company's business.
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SOURCE SOPHiA GENETICS