GeneDx Holdings Corp. (WGS) Q2 2023 Earnings Call Transcript

GeneDx Holdings Corp. (NASDAQ:WGS) Q2 2023 Results Conference Call August 8, 2023 4:30 PM ET

Company Participants

Tricia Truehart – Head, IR

Katherine Stueland – President and CEO

Kevin Feeley – CFO

Conference Call Participants

Mark Massaro – BTIG

Matt Kim – Jefferies

Prashant Kota – Goldman Sachs

Dan Brennan – Cowen


Good day, and thank you for standing by. Welcome to the GeneDx Second Quarter 2023 Earnings Conference Call. [Operator Instructions] Be advised that today’s conference is being recorded.

I would now like to hand the conference over to Tricia Truehart, Head of Investor Relations. Please go ahead.

Tricia Truehart

Thank you, Joel, and thank you to everyone for joining us today on this call. I’m Tricia Truehart, Head of Investor Relations at GeneDx. On the call today, we have Katherine Stueland, President and Chief Executive Officer; and Kevin Feeley, Chief Financial Officer.

Earlier today, GeneDx released financial results for the second quarter of 2023 ended June 30, 2023. A copy of the press release and our second quarter earnings slide deck are available on the company’s website.

Before we begin, I’d like to remind you that management will make forward-looking statements within the meaning of federal securities laws, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any statements contained in this call that relate to expectations or predictions of future events, results or performance are forward-looking statements. Actual results may differ materially from those expressed or implied in the forward-looking statements due to a variety of factors.

Additionally, these forward-looking statements, particularly our 2023 financial guidance, our expectations for revenue growth, gross margins and profitability over the next several years and our expected cost savings and reduction in cash burn, involve a number of risks, uncertainties and assumptions. For a list and description of

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