OncoCyte reports Q4 EPS ($1.93) vs. ($1.96) last year

Reports Q4 revenue $1.49M vs. $314,000. The company said, “Our dynamic team is making swift progress toward delivering a regulated organ transplant rejection monitoring test kit to the market next year. To be clear, this test kit is the assay that we expect can generate future material and self-sustaining revenue within a few years. In 2024, we began to drive commercial awareness of our tests and capture market share in the estimated $1 billion total addressable transplant rejection testing market. We are proud of our ability to stay nimble and move quickly relative to our industry. In 2025, we expect to announce a series of catalysts that build upon our momentum. We expect to announce progress with our multi-center clinical trial of the clinical test kit, commercial expansion of sales of our GraftAssure research-use-only test kit, and favorable data that further solidify our global credibility in the transplant community. In addition, we expect to deepen our relationships with our existing strategic partners and announce new relationships with additional strategic partners. Meanwhile, our pipeline of commercial contracts continues to strengthen, with leading transplant centers progressing through the stages of assay validation.”