(1) Fiscal year 2018 results do not reflect the impact of the adoption of the new revenue accounting standard in fiscal year 2019. View GH financial statements in full. REDWOOD CITY, Calif., Feb. 24, 2020 (GLOBE NEWSWIRE) -- Guardant Health, Inc. (Nasdaq: GH), a leading precision oncology company focused on helping conquer cancer globally through use of its proprietary blood tests, vast data sets and advanced analytics, today reported financial results for the fourth quarter and full year ended December 31, 2019. “2019 was a transformational year for Guardant. Net loss per share attributable to Guardant Health, Inc. common stockholders was $0.84 for the year ended December 31, 2019, as compared to $2.80 for the year ended December 31, 2018. The company's Guardant360 liquid biopsy is used to determine … Guardant Health also announced that its Chief Financial Officer, Derek Bertocci, is retiring during the second quarter of 2020. We made incredible progress across our entire business and rapidly increased our revenue - growing more than 100 percent over 2018,” said Helmy Eltoukhy, PhD, co-founder and CEO. ... explained benefits to patients, and collected payments About Guardant Health Guardant Health is a leading precision oncology company focused on helping conquer cancer globally through use of its proprietary blood tests, vast data sets and … Revenue was $62.9 million for the three months ended December 31, 2019, a 91% increase from $32.9 million for the three months ended December 31, 2018. Investor Contact:Carrie Mendivil[email protected], Media Contact:Anna Czene[email protected], Guardant Health, Inc.Consolidated Statements of Operations (unaudited)(in thousands, except per share data). best: lots of health coverage options worst: not enough paid vacation. Join to Connect. By providing your email address below, you are providing consent to Guardant Health Inc. to send you the requested Investor Email Alert updates. Together, Guardant Health and the Lurie Cancer Center will track the outcomes of patients with advanced cancer whose treatment selection was guided by Guardant360. Guardant Health. Guardant Health Inc. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. Guardant Health is a leading precision oncology company focused on helping conquer cancer globally through use of its proprietary blood tests, vast data sets, and advanced analytics. Patient Assignment of Benefits Form (required) ASSIGNMENT OF BENEFITS I hereby assign and convey all applicable health insurance benefits and/or insurance reimbursement, as well as all rights and obligations that I have under my health plan, to Guardant Health for services performed by Guardant Health. Need to improve. He will continue to serve in his current role until a successor is hired and plans to remain at Guardant Health and support the company during this transition. Benefits information above is provided anonymously by current and former Guardant Health employees, and may include a summary provided by the employer. 415-937-5405 If you experience any issues with this process, please contact us for further assistance. These and additional risks and uncertainties that could affect Guardant Health’s financial and operating results and cause actual results to differ materially from those indicated by the forward-looking statements made in this press release include those discussed under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operation” and elsewhere in its Annual Report on Form 10-K for the year ended December 31, 2018, its Quarterly Report on Form 10-Q for the period ended September 30, 2019 and in its other reports filed with the Securities and Exchange Commission, including, when filed, its Annual Report on Form 10-K for the year ended December 31, 2019. Net loss per share attributable to Guardant Health, Inc. common stockholders was $0.27 for the fourth quarter of 2019, as compared to $0.30 for the corresponding period of the prior year. Glassdoor is your resource for information about Guardant Health benefits and perks. Together, Guardant Health and the Lurie Cancer Center will track the outcomes of patients with advanced cancer whose treatment selection was … Development services revenue increased 15% primarily from new projects in 2019 related to companion diagnostic development and regulatory approval services for biopharmaceutical customers. The following instructional guides are available as downloadable PDFs for your convenience: Guardant360 ® Blood Draw and Shipping Instructions. Instead, the accumulated difference resulting from applying the new revenue standard to all contracts that were not completed as of adoption was recorded to accumulated deficit as of January 1, 2019. This press release contains forward-looking statements within the meaning of federal securities laws, including statements regarding Guardant Health’s expected financial results for the year ending December 31, 2020 and statements regarding the onboarding of a new CFO into Guardant Health’s management, which involve risks and uncertainties that could cause Guardant Health’s actual results to differ materially from the anticipated results and expectations expressed in these forward-looking statements. “On behalf of our entire management team and board of directors, I want to thank Derek for his contributions. Although, they are very flexible with requesting days off and they offer catering and/or DoorDash. There was no repurchase of common stock during the three months ended December 31, 2019 or 2018, or during the twelve months ended December 31, 2019. Learn about Guardant Health , including insurance benefits, retirement benefits, and vacation policy. Operating expenses were $67.0 million for the fourth quarter of 2019, as compared to $46.3 million for the corresponding prior year period, an increase of 45%. 505 Penobscot Dr. (1) Fiscal 2018 results do not reflect the impact of the adoption of the new revenue accounting and lease accounting standards in fiscal year 2019. 401k matching only 50% up to 6% salary. Precision oncology revenue increased 104% driven primarily by higher testing volume. Guardant Health ranks as a leader in the development of liquid biopsy products. I am still pretty new. Report Access: Easily search, sort, and review reports as soon as they are made available. Operating expenses were $226.0 million for the year ended December 31, 2019, as compared to $140.4 million for the year ended December 31, 2018, an increase of 61%. The webcast can be accessed at http://investors.guardanthealth.com. Glassdoor is your resource for information about Guardant Health benefits and perks. 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