Sema4 Holdings Corp. (SMFR) stock prices were down by 14.61% shortly after market trading commenced on August 17th, 2021. This brought the price per share down to USD$9.70 early on in the trading day.
SMFR Stock’s Revenue Breakdown
The second quarter of fiscal 2021 saw SMFR stock report total revenues in the amount of USD$46.9 million. This is comparable to the USD$30.1 million reported for the second quarter of 2020. Revenue growth was largely attributable to an increase in the volume of Women’s Health and Oncology solutions. Further year-over-year growth was facilitated by growth in collaboration service activities. This growth stems from the execution of three new third-party contracts.
Costs of Services
SMFR stock reported costs of services in the amount of USD$49.6 million in the second quarter of 2021, up from the USD$36 million reported in the prior-year quarter. This year-over-year difference was largely driven by increased volumes in the company’s non-Covid business. An expanded footprint in its Stamford lab and an expanded headcount also contributed to the year-over-year difference. Further consolidating the increase were temporary labor costs related to the global pandemic, and higher logistical and supply costs.
SMFR Stock’s Operating Expense
Operating expenses for the second quarter of fiscal 2021 came in at USD$41.9 million. This is comparable to the USD$28.3 million reported for the second quarter of fiscal 2020. The year-over-year difference was largely attributable to higher personnel-related costs. Consolidating the yearly difference were professional services related to the business combination.
Strong Liquidity Position
Net loss for the second quarter of 2021 came in at USD$45.4 million, as compared to the net loss of USD$32.1 million reported for the prior-year quarter. The 2021 quarter, ended June 30th, 2021, saw SMFR stock report a strong liquidity position. As of the end of the quarter, the company reported cash and cash equivalents in the amount of USD$26.5 million. This is excluding the USD$510 million net cash proceeds generated from the consummation of their business combination in July of 2021.
Future Outlook for SMFR
SMFR stock reported a strong quarter, rife with developments that will open up new opportunities. The company is keen to meet these opportunities head on in a bid to continue its trajectory of success. Current and potential investors are hopeful that management will facilitate consistent increases in shareholder value over the long term.
