Adaptive Biotechnologies (ADPT) Tops Q4 EPS by 3c

Adaptive Biotechnologies (NASDAQ: ADPT) reported Q4 EPS of ($0.17), $0.03 better than the analyst estimate of ($0.20). Revenue for the quarter came in at $24.2 million versus the consensus estimate of $21.71 million.

“During 2019, we drove strong topline growth in our commercial products and made critical progress advancing our clinical product pipeline,” said Chad Robins, chief executive officer and co-founder of Adaptive Biotechnologies. “Looking ahead to 2020, we will continue to build our commercial infrastructure while also expanding the R&D resources required for immunoSEQ Dx and our Genentech alliance. We are confident that the scale with which we are able to map immune receptors to clinically relevant antigens will continue to advance the field of immune-driven medicine.”

For earnings history and earnings-related data on Adaptive Biotechnologies (ADPT) click here.

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