Exact Sciences Sees Higher Revenues In Q4

(RTTNews) - Exact Sciences Corp. (EXAS) announced that it expects to report revenues between $34.9 million and $35.4 million for the fourth quarter ended December 31, 2016, an increase of 142 percent from the same quarter of 2015. The company completed approximately 82,000 Cologuard tests during the fourth quarter of 2016, which represents growth of 114 percent from the same period of 2015.

For the full-year 2016, the company anticipates revenues between $99.0 million and $99.5 million, a year-over-year increase of 150 percent. Completed Cologuard test volume during 2016 was approximately 244,000 tests, a 134-percent increase from 2015.

More than 9,500 health care providers ordered Cologuard for the first time during the fourth quarter ended Dec. 31, 2016. The number of providers who have ordered Cologuard since it was launched increased to nearly 60,000 during 2016, an increase of 122 percent from the prior year.

Exact Sciences will report 2016 financial results and provide revenue and Cologuard test volume guidance on its February 2017 earnings call.