NeoGenomics Inc (NEO)
Operating profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -88,164 | -88,337 | -91,335 | -100,832 | -103,052 | -109,325 | -124,640 | -134,448 | -156,087 | -172,807 | -173,010 | -155,675 | -118,754 | -71,648 | -27,266 | -23,806 | -13,992 | -17,210 | -18,220 | 5,165 |
| Revenue (ttm) | US$ in thousands | 660,566 | 644,118 | 628,248 | 610,663 | 591,643 | 574,796 | 551,624 | 529,779 | 509,728 | 496,755 | 489,313 | 485,965 | 484,329 | 484,594 | 488,698 | 453,951 | 444,448 | 425,319 | 404,547 | 419,283 |
| Operating profit margin | -13.35% | -13.71% | -14.54% | -16.51% | -17.42% | -19.02% | -22.60% | -25.38% | -30.62% | -34.79% | -35.36% | -32.03% | -24.52% | -14.79% | -5.58% | -5.24% | -3.15% | -4.05% | -4.50% | 1.23% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-88,164K ÷ $660,566K
= -13.35%
The operating profit margin of NeoGenomics Inc has experienced a steady decline over the past few years, starting from 1.23% as of March 31, 2020, and reaching a low of -35.36% as of June 30, 2022. This downward trend continued until December 31, 2024, when the operating profit margin improved slightly to -13.35%.
A negative operating profit margin indicates that the company's operating expenses exceed its gross profit, resulting in operating losses. The significant decrease in the operating profit margin over the observed period may suggest challenges in controlling operating costs, pricing pressures, or inefficiencies in the company's operations.
The management of NeoGenomics Inc may need to closely evaluate and address the factors contributing to the declining operating profit margin to improve overall profitability and ensure sustainable business operations in the future.