OraSure Reports Record Revenues for Q4 and Positions for Longer-Term Growth & Profitability

(24/7 MARKET NEWS) – OraSure Technologies, Inc. (NASDAQ: OSUR) reported, after yesterday’s market close, fourth quarter 2022 financial results. Highlights include InteliSwab quarterly revenue of $88.9 million, up 12% sequentially; two new federal government contracts extending InteliSwab’s revenue tail; Quest Diagnostics Genomic Sequencing Services deal for saliva collection kits; restructuring expected to result in $15 million operating expense savings; and cash balance grew by $9 million to $111 million, over prior quarter

OraSure Technologies is at $5.60, up $0.67 (13.59%), on trading volume of 20 thousand premarket shares.

Its 52-week trading range is $2.62 to $8.79. If it can trade above $5.90, on much stronger volume, it may challenge its April trading levels.

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