FMP

FMP

Personalis Shares Up 8% on Q4 Results

Personalis, Inc. (NASDAQ:PSNL) shares were trading more than 8% higher Friday afternoon, following the company’s pre-announced Q4 results, with revenue coming in $20.7 million, compared to the consensus estimate of $20.3 million, driven by stronger-than-expected non-VA revenue.

The company maintained its target of over 50% growth in non-VA revenue in 2022 as orders during Q4 once again exceeded recognized non-VA revenue. The company disclosed revenue contribution from its collaboration with Natera for the first time. This figure came in at $5.8 million in Q4 and $9.6 million for the full 2021-year.