NeoGenomics Inc (NEO)
Operating profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -107,736 | -115,545 | -130,860 | -140,668 | -157,623 | -172,807 | -173,010 | -155,675 | -118,754 | -71,648 | -27,266 | -23,806 | -13,992 | -17,210 | -18,220 | 5,165 | 13,006 | 13,506 | 13,767 | 10,083 |
| Revenue (ttm) | US$ in thousands | 601,638 | 580,487 | 554,336 | 529,041 | 507,523 | 493,983 | 486,680 | 484,258 | 482,622 | 482,400 | 486,504 | 451,757 | 442,254 | 425,319 | 404,547 | 419,283 | 408,830 | 378,437 | 342,861 | 308,894 |
| Operating profit margin | -17.91% | -19.90% | -23.61% | -26.59% | -31.06% | -34.98% | -35.55% | -32.15% | -24.61% | -14.85% | -5.60% | -5.27% | -3.16% | -4.05% | -4.50% | 1.23% | 3.18% | 3.57% | 4.02% | 3.26% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-107,736K ÷ $601,638K
= -17.91%
Neogenomics Inc.'s operating profit margin has shown a declining trend over the past eight quarters. The company's operating profit margin was in negative territory throughout the period, indicating that its operating expenses exceeded its operating income.
In Q4 2023, the operating profit margin improved slightly compared to the previous quarter but remained in negative territory at -16.34%. While this improvement is a positive sign, the company still needs to enhance its operational efficiency to generate more profits from its core business activities.
It is worth noting that Neogenomics Inc.'s operating profit margin has been consistently negative, which raises concerns about its ability to control costs and generate sustainable profitability. Further analysis of the company's cost structure, revenue streams, and operational processes is necessary to identify areas for improvement and enhance its overall financial performance.