OraSure Technologies, Inc. announced its financial results for the three months ended December 31, 2024. The company reported that its fourth-quarter revenue was consistent with expectations, highlighting a 10% growth in its core revenue.
For the quarter, OraSure reported a GAAP loss of $10.8 million. The adjusted loss, which accounts for non-recurring costs and stock option expense, came to 6 cents per share. The company continues to focus on diversifying its product portfolio as part of its strategic initiatives.
Management noted signs of gradual recovery in its key end markets. The growth in core revenue indicates progress in the company's efforts to shift focus away from pandemic-driven demand and towards its foundational Diagnostics and Sample Management segments.
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