OPK
OPKO Health, Inc.1.3100
-0.0400-2.96%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
ModeX efficacy signals, 4Kscore details
Q&A revealed early efficacy signals for ModeX's MDX2001 after dosing 25 patients, with Phase Ia data slated for a conference and Phase Ib entry by end-2026, skipping higher doses. 4Kscore volume grew 6% from urology alone, with high-single to low-double-digit pace expected to accelerate post-payer approvals for primary care. NGENLA profit share hit $12.5 million on regional tier-ups and Pfizer's market gains, affirming $34-37 million 2026 guide. EBV studies probe seronegative patients for Phase II next year; data encouraging but Merck-led. BioReference expenses to shrink, offset by R&D ramp. Details sharpened the pipeline thesis. Investors eye ModeX catalysts.
Key Stats
Market Cap
1.04BP/E (TTM)
-Basic EPS (TTM)
-0.24Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
OPKO Health swung to Q3 operating income of $48.1M, up from $14.2M y/y, fueled by a $101.6M gain from selling oncology diagnostics assets to Labcorp on September 15 for $192.5M cash (plus $19.2M escrow). Total revenues dipped 13% y/y to $151.7M amid diagnostics sales drop post-prior Labcorp deal, yet IP revenue jumped 42% y/y to $18.7M on BARDA and NGENLA royalties; Rayaldee sales rose to $7.5M. Cash sits at $415.2M with debt down to $344.2M (senior secured notes $246.2M, convertibles $82.7M). Debt shrinks steadily. Diagnostics face reimbursement risks.
8-K
Sells oncology assets, inks Regeneron deal
OPKO Health sold BioReference's oncology assets to Labcorp for $225 million on September 15, 2025, netting $192.5 million upfront and booking a $101.6 million gain that drove Q3 operating income to $48.1 million despite revenues falling to $151.7 million. Cash swelled to $428.9 million, fueling share repurchases. New Regeneron deal eyes over $1 billion in milestones.
8-K
OPKO sells oncology assets to Labcorp
OPKO Health completed the sale of BioReference's oncology and related clinical testing assets to Labcorp on September 15, 2025, for $192.5 million in cash at closing, with up to $32.5 million more in potential earnout. This sharpens BioReference's focus on core New York and New Jersey operations plus the 4Kscore Test franchise, which generated $300 million in 2024 revenue. Proceeds will partly fund OPKO's expanded share repurchase. Yet risks linger on earnout realization.
10-Q
Q2 FY2025 results
OPKO Health's Q2 revenue dipped 14% year-over-year to $156.8M, driven by a 22% drop in diagnostics services to $101.1M after divesting non-core lab operations, while pharma products held steady at $40.7M and IP transfers rose 22% to $15.0M on BARDA funding gains. Operating loss narrowed to $60.0M from $61.7M, thanks to cost cuts trimming SG&A 13% and cost of revenue 18%, though R&D climbed 26% to $30.3M amid ModeX pipeline advances. Cash fell to $271.7M after $118M operating burn, but $37.7M investing inflows from GeneDx sales and $80.5M remaining convertible notes provide runway; the pending $225M Labcorp oncology deal could bolster liquidity. Free cash flow turned negative at -$124.5M (derived). Yet regulatory hurdles loom in diagnostics reimbursement.
8-K
OPKO Q2 revenues dip
OPKO Health reported Q2 2025 revenues of $156.8 million, down from $182.2 million last year, with diagnostics dropping to $101.1 million due to asset sales yet offset by higher reimbursement rates. Operating loss narrowed slightly to $60.0 million amid R&D ramp-up for pipeline advances like ModeX's immuno-oncology candidates and OPK-88006's superior MASH data. Net loss widened to $148.4 million, or $0.19 per share, hit by $91.7 million in convertible note exchange costs. Board boosted stock buyback to $200 million total.
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