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ME / 23andMe: Revenue Growth And Secular Trend, But Lack Of Profits Makes It A Hold

23andMe: Revenue Growth And Secular Trend, But Lack Of Profits Makes It A Hold
23andMe entered its IPO with two down years on revenue but has since reclaimed low double-digit growth. Throughout this time, however, the company has not made identifiable progress toward profitability on either an accrual or cash basis. It continues to use cash from the IPO for operations. This makes for a hold rating even though it is operating in a significant growth market, consumer genetics testing, that has a CAGR of over 20%. Read More
Posted: Jun 15 2023, 01:44
Author Name: Seeking Alpha
Views: 122493

ME News  

23andMe to offer clients personalized action plans based on genetic and other health data

By Market Watch
October 31, 2023

23andMe to offer clients personalized action plans based on genetic and other health data

23andMe Holding Co. ME, +0.39% said Tuesday it's launching a health action plan that will offer its clients personalized recommendations based on gene more_horizontal

23andMe alerts customers of breach after hacker advertised stolen data

By New York Post
October 25, 2023

23andMe alerts customers of breach after hacker advertised stolen data

Since news of the hack, many customers have expressed worries their ethnicity and other sensitive information could be used against them if leaked. more_horizontal

23andMe notifies customers of data breach into its 'DNA Relatives' feature

By Reuters
October 24, 2023

23andMe notifies customers of data breach into its 'DNA Relatives' feature

Genetics testing company 23andMe on Tuesday sent emails to several customers to inform them of a breach into the "DNA Relatives" feature that allowed more_horizontal

US senator asks 23andMe for details after reported data for sale online

By Reuters
October 20, 2023

US senator asks 23andMe for details after reported data for sale online

The top Republican on the U.S. Senate's health committee has called on the chief executive of 23andMe to provide the panel with details after data fro more_horizontal

23andMe warns of cyber attack after user data posted online

By Proactive Investors
October 11, 2023

23andMe warns of cyber attack after user data posted online

23andMe, the DNA testing company, has fallen victim to a security breach after a hacker gained access and stole the personal genetic information of cu more_horizontal

23andMe warns of cyber-attack after user data posted online

By Proactive Investors
October 11, 2023

23andMe warns of cyber-attack after user data posted online

23andMe, the DNA testing company, has fallen victim to a security breach after a hacker gained access and stole the personal genetic information of cu more_horizontal

23andMe says some customer profiles were accessed in cybersecurity breach

By Market Watch
October 10, 2023

23andMe says some customer profiles were accessed in cybersecurity breach

23andMe said that the profile information of some customers was accessed without their permission by a third party. more_horizontal

Hackers advertised 23andMe stolen data two months ago

By TechCrunch
October 10, 2023

Hackers advertised 23andMe stolen data two months ago

Genetic testing company 23andMe has been investigating a security incident after hackers advertised a trove of alleged stolen user data on a hacking f more_horizontal


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