Strong Revenue Growth
Core revenue grew by 11%, with first-quarter revenue $19 million above the midpoint of guidance. Screening revenue increased by 14% to $540 million.
Improved Profitability
Adjusted EBITDA increased by 61% to $63 million, with an adjusted EBITDA margin expansion of 280 basis points.
Successful Product Launches
Launched Cologuard Plus with Medicare coverage and Oncodetect, a molecular residual disease test, positioned for growth in precision oncology.
Customer Satisfaction and Engagement
Customer satisfaction reached an all-time high in Q1, and customer engagement by the field force increased by more than 30% year-over-year.
Cash Flow Improvements
Free cash flow reached break-even, a year-over-year improvement of $120 million.