OraSure reports Q1 EPS 4c, consensus 1c

Reports Q1 revenue $54.13M, consensus $52.1M. “Our Q1 results were consistent with our expectations, and our transformation continues with three recent important initiatives to further streamline the business and focus on our strengths. We are winding down our microbiome laboratory and analytical sequencing services business, insourcing third-party manufacturing activities into our Bethlehem facilities, and closing our site in Belgium. These actions are expected to result in meaningful cost savings this year and contribute to achieving our target to break-even in cash flow from operations for our core business by the end of 2024,” said OraSure President and CEO Carrie Eglinton Manner.