Analyzing Cost of Revenue: Veracyte, Inc. and Ligand Pharmaceuticals Incorporated

Biotech Cost Dynamics: Veracyte vs. Ligand (2014-2023)

__timestampLigand Pharmaceuticals IncorporatedVeracyte, Inc.
Wednesday, January 1, 2014913600016606000
Thursday, January 1, 2015580700021497000
Friday, January 1, 2016557100025462000
Sunday, January 1, 2017536600028195000
Monday, January 1, 2018633700033078000
Tuesday, January 1, 20191134700036523000
Wednesday, January 1, 20203041900041455000
Friday, January 1, 20216217600074400000
Saturday, January 1, 202252827000101582000
Sunday, January 1, 202335049000112903000
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Unleashing insights

Analyzing Cost of Revenue Trends: Veracyte, Inc. vs. Ligand Pharmaceuticals

In the ever-evolving landscape of biotechnology, understanding cost dynamics is crucial. From 2014 to 2023, Veracyte, Inc. and Ligand Pharmaceuticals Incorporated have shown distinct trajectories in their cost of revenue. Veracyte's cost of revenue surged by approximately 580%, peaking at over $112 million in 2023. This reflects its aggressive expansion and scaling efforts. In contrast, Ligand Pharmaceuticals experienced a more modest increase of around 280%, with a peak in 2021 at $62 million, followed by a decline. This divergence highlights Veracyte's rapid growth strategy compared to Ligand's more stable approach. The data underscores the importance of strategic financial management in the biotech sector, where cost efficiency can significantly impact competitive positioning. As the industry continues to innovate, these trends offer valuable insights into the financial health and strategic priorities of these companies.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025