23andMe

23andMe is a DNA testing technology company that enables its users to access their ancestry, genealogy, and inherited traits.

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23andMe reports strong Q1 growth, focuses on profitability and partnerships

23andMe demonstrated strong growth in customer base and subscription members, with a focus on margin expansion and revenue growth. The company faces challenges in achieving profitability but has opportunities to leverage genetics for healthcare transformation and pursue partnerships. Overall, 23andMe's performance reflects a strategic focus on growth and financial discipline.

23andMe reports Q1 revenue decline, focuses on therapeutics and AI

Despite a decrease in Q1 2023 revenue, 23andMe demonstrated strength in its therapeutics business and strategic pricing initiatives. The company faces challenges with significant workforce reduction and higher operating expenses but has opportunities in advancing immuno-oncology assets and leveraging AI advancements.

23andMe reports revenue growth and strategic initiatives for future expansion

Overall, 23andMe's Q3 performance showcased growth and innovation in both consumer and therapeutic segments. While facing challenges with increased expenses and a net loss, the company's raised full-year guidance and strategic initiatives present opportunities for future expansion and profitability.

23andMe reports revenue growth and strategic healthcare integration plans

23andMe's Q4 2023 earnings call showcased strong revenue growth, new health report offerings, and advancements in therapeutics. Despite financial projections indicating a net loss and EBITDA deficit for FY 2024, the company remains focused on expanding margins and capital efficiency. Integration of telehealth services and personalized care present promising opportunities for future growth.

23andMe reports Q1 revenue decline, eyes growth in therapeutics

23andMe navigated challenges with workforce reductions and revenue decline, focusing on margin improvement and cost discipline. The company aims to capitalize on opportunities in therapeutics and consumer businesses through strategic initiatives. With a strong cash position and guidance for improvement in adjusted EBITDA deficit, 23andMe is positioning for future growth.

23andMe reports Q2 revenue of $50M, focuses on margin expansion

23andMe's Q2 2024 performance showed revenue of $50 million with a net loss of $75 million, emphasizing margin expansion.
Strengths include new subscription offerings, FDA clearances, promising therapeutics pipeline, and data security focus.
Challenges include net losses, adjusted EBITDA deficit, and updated FY 2024 guidance reflecting uncertainties.
Opportunities lie in expanding subscription services, enhancing product offerings, and leveraging collaborations for growth.

23andMe reports Q3 revenue decline, focuses on strategic growth

23andMe faced revenue decline and increased expenses, leading to a significant net loss and revised guidance for fiscal year 2024.
Despite challenges, the company showcased strengths in strategic progress, therapeutics advancements, and extended collaborations.
Opportunities lie in margin expansion, cash flow profitability, and leveraging consumer offerings and partnerships for future growth.

23andMe reports strong revenue growth and strategic shifts for growth

23andMe showcased strong performance in membership revenue growth and advancements in research and therapeutics, despite challenges in revenue and operating expenses.
The company's strategic shift towards high-value programs and partnerships with GSK position it well for long-term growth and innovation in the genetic testing and healthcare space.
While facing challenges in cost management and revenue generation, 23andMe has opportunities to optimize operations, drive growth through new programs, and address compliance issues.
Overall, 23andMe's focus on innovation, strategic collaborations, and operational efficiency sets the stage for navigating challenges and capitalizing on growth opportunities in the future.

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23andMe Holding Co. is a consumer genetics and research company, which engages in assisting people to access, understand, and benefit from the human genome. It operates through the Consumer and Research Services, and Therapeutics segments. The Consumer and Research Services segment consists of Personal Genome Service, Telehealth Business, and Research Services. The Therapeutics segment focuses on the genetic insights of genetic and phenotypic information. The company was founded by Anne E. Wojcickiin 2006 and is headquartered in Sunnyvale, CA.

23andMe reported dismal third-quarter fiscal 2024 results and discussed splitting itself in two to help juice its stock price.

23andMe considers splitting up company to revive stock price

Shares of 23andMe Holding Co. fell 15.8% Thursday after the DNA-testing company fiscal third-quarter sales declined 33%, weighed down by lower consumer services and research revenue.

23andMe shares slide more than 15% as lower services revenue hits Q3 results

23andMe Holding Co. (ME) Q3 2024 Earnings Call Transcript

Announced new non-exclusive data license with GSK, introduced 23andMe Total Health™, and received FDA clearance for IND on novel, dual-mechanism immuno-oncology asset 23ME-1473 Announced new non-exclusive data license with GSK, introduced 23andMe Total Health™, and received FDA clearance for IND on novel, dual-mechanism immuno-oncology asset 23ME-1473

23andMe Reports Third Quarter Fiscal 2024 Financial Results

23andMe stock is down over 95% from its peak, cutting its value from $6 billion to $345 million. The genetic-testing company is facing financial and strategic challenges, and was hacked last year.

23andMe's share price keeps on falling in the wake of hacks and losses

23andMe Holding Co.'s (NASDAQ: ME) plans have come under attack by investors and the media after 23andMe stock collapsed in the past year.

23andMe Destroyed by Hackers and Losses

23andMe (NASDAQ: ME) stock price has had a spectacular collapse and is at risk of being booted from NASDAQ. After peaking at over $16 in 2021, the stock has dropped to just 71 cents, making it one of the worst-performing companies.

As the 23andMe (ME) stock price implodes, here's the silver lining

SOUTH SAN FRANCISCO, Calif., Jan. 31, 2024 (GLOBE NEWSWIRE) -- 23andMe Holding Co. (Nasdaq: ME) (23andMe), a leading human genetics and biopharmaceutical company, announced the U.S. Food and Drug Administration (FDA) has cleared the investigational new drug application for 23ME-01473 (‘1473), a natural killer (NK) cell activator intended to treat cancer. 23andMe plans to evaluate ‘1473 in participants with advanced solid tumors in a Phase 1 clinical study beginning in the first half of 2024.

23andMe Announces FDA Clearance of IND Application for its Dual Mechanism Antibody, 23ME-01473, Targeting ULBP6

“Seat 16” program allows audiences to share the critically acclaimed film with teens across the country “Seat 16” program allows audiences to share the critically acclaimed film with teens across the country

23andMe Launches Month-Long Initiative to Amplify ARRAY's “Seat16” Program for Acclaimed Film ORIGIN by Ava DuVernay

The class-action suit said the genetic testing company failed to notify customers whose personal information was compiled into “curated” lists that were sold on the dark web.

23andMe Breach Targeted Jewish and Chinese Customers, Lawsuit Says

In a data breach notification letter filed with regulators this weekend, 23andMe revealed that hackers started breaking into customers' accounts in April 2023 and continued through most of September.

23andMe admits it didn't detect cyberattacks for months

SOUTH SAN FRANCISCO, Calif., Jan. 24, 2024 (GLOBE NEWSWIRE) -- 23andMe Holding Co. (Nasdaq: ME) (23andMe), a leading human genetics and biopharmaceutical company with a mission to help people access, understand, and benefit from the human genome, announced today that it will report financial results for the fiscal year 2024 (FY2024) third quarter after the market closes on Wednesday, February 7, 2024. The Company will webcast a conference call at 4:30 p.m. Eastern Time on that date to discuss the quarter's financial results and report on business progress.

23andMe to Report FY2024 Third Quarter Financial Results

TORONTO--(BUSINESS WIRE)---- $ME.to #gold--Nighthawk Gold Corp. (“Nighthawk”) (TSX: NHK) and Moneta Gold Inc. (TSX: ME)(OTCQX: MEAUF)(FSE: MOPA) (“Moneta”) (together with Nighthawk, “MergeCo”) announce the proposed directors for the MergeCo Board to be appointed on completion of the arrangement on November 28, 2023 (“Arrangement Agreement” or “Transaction”) which remains subject to Nighthawk and Moneta shareholder approval and other customary closing conditions. Proposed Board of Directors: The Board of Directo.

Moneta Gold and Nighthawk Gold Announce the Proposed Directors for the MergeCo Board

Home DNA testing firm 23andMe is placing the blame on customers who reused login credentials for a cyber incident in which 6.9 million customers' data was exposed.

23andMe blames users for data breach, citing recycled passwords

Thirty additional patients with advanced neuroendocrine and advanced ovarian cancer will be enrolled in the study of 23ME-00610, an investigational antibody targeting CD200R1

23andMe announces further expansion of 23ME-00610 Phase 1/2a clinical trial in advanced neuroendocrine and ovarian cancer patient cohorts

Two days before 23andMe disclosed that hackers had accessed the personal and genetic data of almost seven million customers, the genetic testing giant updated its terms of service.

23andMe changes to terms of service are ‘cynical' and ‘self-serving,' lawyers say

23andMe (NASDAQ: ME) stock price has had a remarkable fall from grace amid sustained unprofitability and a recent hack that could cost it millions of dollars. After peaking at $18.15 in February 2021, the shares have plunged to below $1.

Is it safe to buy the 23andMe (ME) stock price dip?

The updates are meant to “streamline arbitration proceedings where multiple similar claims are filed,” the company said in a note to users. DNA testing service 23andme has changed the dispute resolution and arbitration section of its terms of service on the heels of a hack that saw the data of roughly half of its users impacted.

23andMe just updated its ‘dispute resolution' rules as fallout from a serious data breach continues

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NEW YORK , Dec. 5, 2023 /PRNewswire/ -- 23andMe, a popular personal genomics and DNA analysis company run by 23andMe Holding Co. ("23 and Me") (NASDAQ: ME), recently suffered a massive data leak. The attack targeted the personal information of 23andMe users -more than 4 million people- compromising individual's personal information such as full name, birth year, email address, and sex, along with information on genetic ancestry, potential relatives, and geolocation.

INVESTIGATION ALERT: Levi & Korsinsky, LLP Announces Investigation Of 23andMe Holding Co (NASDAQ: ME) Data Breach

US company says ‘threat actor' responsible for security breach that affected nearly half of its 14m reported users

Genetic testing firm 23andMe admits hackers accessed DNA data of 7m users

An October data breach at the personal genomics company appears to be much worse than originally reported. Here's what we know so far.

23andMe hacked: Was my ancestry or DNA data impacted?

23andMe, the DNA testing company, admitted Monday that a data breach in October accessed the personal information of millions more users' personal data than originally announced.  On Friday, the company said that hackers accessed the personal data of 14,000 customers, or about 0.1% of users, as well as “a significant number of files containing profile information about other users' ancestry.

23andMe says 6.9 million users had personal data accessed by hackers

DNA-testing company 23andMe confirmed Monday that information about 6.9 million people, about half of its 14 million customers, was accessed illegally.

23andMe confirms hackers accessed ancestry data of 6.9 million people

On Friday, genetic testing company 23andMe announced that hackers accessed the personal data of 0.1% of customers, or about 14,000 individuals. The company also said that by accessing those accounts, hackers were also able to access “a significant number of files containing profile information about other users' ancestry.

News for 23andMe Stock (ME)