Cost of Revenue Trends: Veracyte, Inc. vs Iovance Biotherapeutics, Inc.

Biotech Cost Trends: Veracyte vs. Iovance from 2014-2023

__timestampIovance Biotherapeutics, Inc.Veracyte, Inc.
Wednesday, January 1, 2014933577216606000
Thursday, January 1, 201599900021497000
Friday, January 1, 201697800025462000
Sunday, January 1, 201795200028195000
Monday, January 1, 201895600033078000
Tuesday, January 1, 2019812299936523000
Wednesday, January 1, 2020871200041455000
Friday, January 1, 20211398000074400000
Saturday, January 1, 202221135000101582000
Sunday, January 1, 202310755000112903000
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Unlocking the unknown

Cost of Revenue Trends: A Tale of Two Biotech Companies

In the dynamic world of biotechnology, understanding cost structures is crucial for investors and stakeholders. This analysis delves into the cost of revenue trends for Veracyte, Inc. and Iovance Biotherapeutics, Inc. from 2014 to 2023. Over this period, Veracyte's cost of revenue surged by approximately 580%, reflecting its aggressive growth and expansion strategies. In contrast, Iovance Biotherapeutics experienced a more modest increase of around 15%, indicating a different operational focus.

Key Insights

  • Veracyte, Inc.: Starting at $16.6 million in 2014, the cost of revenue reached $112.9 million by 2023, showcasing a robust upward trajectory.
  • Iovance Biotherapeutics, Inc.: Despite fluctuations, the cost of revenue peaked at $21.1 million in 2022, before settling at $10.8 million in 2023.

These trends highlight the contrasting financial strategies and market positions of these two biotech firms.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025