FMI

Foundation Medicine expects over $93M in 2015 revenues; as much as $120M this year; shares off 6%

Jan 11 2016, 12:58 ET | About: Foundation Medicine, Inc. (FMI) | By: Douglas W. House, SA News Editor Contact this editor with comments or a news tip

Foundation Medicine (FMI -5.5%) slumps on modestly higher volume in response to its announcement of preliminary 2015 results and guidance for this year.

2015: Q4 and full-year revenues: $26.1M (+39%) and $93.2M (+53%), respectively. Clinical tests ordered: 32,998 (+36%).

2016 Guidance: Revenues: $110M - 120M; operating expenses: $175M - 185M; clinical tests ordered: 37K - 40K.

Final 2015 results will be released next month.