How did Castle Biosciences' revenue and expenses trend in Q4 2024?
5/8/2025 10:20am
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In Q4 2024, Castle Biosciences showed strong revenue growth and effective cost management, resulting in improved profitability.
Revenue Trend: The company's total revenue for Q4 2024 was $86.31 million1. This represents a significant increase from the previous quarter, indicating a strong market performance and successful product sales.
Expense Management: Castle Biosciences maintained a high gross margin of 81.87%1, which is a testament to efficient cost control and the company's ability to keep expenses in check relative to its revenue. The R&D expenses were $11.77 million1, which is a key indicator of the company's ongoing investment in innovation and product development. The SG&A (Selling, General, and Administrative) expenses were not provided, but the focus on R&D suggests a strategic emphasis on advancing the company's pipeline rather than expanding administrative costs.
Profitability: The net income for Q4 2024 was $9.59 million1, which is a direct result of the revenue growth and cost management. This positive trend is a sign of the company's financial health and its ability to generate profits from its operations.
CSTL R&D Expenses, Gross Profit...
Source:
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CSTL Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Net Income in Q4 2024
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