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MYRIAD GENETICS INC [MYGN] reports annual net loss of $263,300,000.0

MYRIAD GENETICS INC [MYGN] reports annual net loss of $263,300,000.0

Company Reports Revenue of $753.2 million

By USInMinutes
Published - Feb 29, 2024, 05:46 AM ET
Last Updated - Feb 29, 2024, 05:46 AM EST

MYRIAD GENETICS INC [MYGN] has reported a net loss of $263,300,000.0 for year ended Dec 31, 2023.

The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $753.2 million

Based in SALT LAKE CITY, Utah, MYRIAD GENETICS INC operates in the MANUFACTURING sector.

The company's consolidated income statement for the 12 months ended December 31, 2023, showed a total revenue of $753.2 million, compared to $678.4 million in the previous year and $690.6 million in the year before that.

Costs and expenses for the period included research and development expenses of $88.7 million, selling, general, and administrative expenses of $572.9 million, legal settlements of $112.8 million, and goodwill and long-lived asset impairment charges of $0.0 million. The total costs and expenses amounted to $1,010.6 million, higher than the $819.0 million in the previous year and $881.1 million in the year before that.

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