Halozyme Therapeutics, Inc. vs Veracyte, Inc.: Annual Revenue Growth Compared

Biotech Revenue Growth: Halozyme vs. Veracyte, 2014-2023

__timestampHalozyme Therapeutics, Inc.Veracyte, Inc.
Wednesday, January 1, 20147533400038190000
Thursday, January 1, 201513505700049503000
Friday, January 1, 201614669100065085000
Sunday, January 1, 201731661300071953000
Monday, January 1, 201815186200092008000
Tuesday, January 1, 2019195992000120368000
Wednesday, January 1, 2020267594000117483000
Friday, January 1, 2021443310000219514000
Saturday, January 1, 2022660116000296536000
Sunday, January 1, 2023829253000361051000
Monday, January 1, 20241015324000
Loading chart...

Cracking the code

A Tale of Two Biotechs: Revenue Growth from 2014 to 2023

In the dynamic world of biotechnology, revenue growth is a key indicator of a company's success and market position. Over the past decade, Halozyme Therapeutics, Inc. and Veracyte, Inc. have shown remarkable trajectories in their annual revenues. From 2014 to 2023, Halozyme Therapeutics has seen its revenue soar by over 1,000%, starting from a modest $75 million to an impressive $829 million. This growth reflects a compound annual growth rate (CAGR) of approximately 30%, underscoring the company's strategic advancements and market penetration.

In contrast, Veracyte, Inc. has also demonstrated significant growth, albeit at a more moderate pace. Its revenue increased from $38 million in 2014 to $361 million in 2023, marking a CAGR of around 25%. This growth highlights Veracyte's expanding influence in the diagnostic space. Both companies exemplify the potential for innovation-driven growth in the biotech sector.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025