Amneal Pharmaceuticals, Inc. or Veracyte, Inc.: Who Manages SG&A Costs Better?

SG&A Cost Management: Amneal vs. Veracyte

__timestampAmneal Pharmaceuticals, Inc.Veracyte, Inc.
Wednesday, January 1, 20148461500040786000
Thursday, January 1, 201510967900047876000
Friday, January 1, 201611875700052035000
Sunday, January 1, 201710904600055348000
Monday, January 1, 201823043500065276000
Tuesday, January 1, 201928959800082720000
Wednesday, January 1, 202032672700089118000
Friday, January 1, 2021365504000181193000
Saturday, January 1, 2022399700000174078000
Sunday, January 1, 2023429675000184232000
Loading chart...

Unlocking the unknown

SG&A Cost Management: A Tale of Two Companies

In the competitive pharmaceutical and biotech sectors, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Amneal Pharmaceuticals, Inc. and Veracyte, Inc. offer a fascinating study in contrasts over the past decade. From 2014 to 2023, Amneal's SG&A expenses surged by over 400%, reflecting its aggressive expansion strategy. In contrast, Veracyte's costs increased by approximately 350%, indicating a more measured approach.

Amneal's expenses peaked in 2023, reaching nearly 430 million, while Veracyte's highest was around 184 million in the same year. Despite Amneal's higher absolute costs, its growth rate in SG&A expenses was more controlled in recent years, suggesting improved efficiency. Veracyte, meanwhile, maintained a steady increase, aligning with its strategic growth in the diagnostics market. This data underscores the importance of strategic cost management in sustaining competitive advantage.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025