ImmunoDx GrowthImmunoDx showed continued strength in the third quarter with mid-single-digit growth, where management called out strength across geographies.
Portfolio Stability And ImprovementThere are signs of stability and improvement across the portfolio, which, combined with solid cost controls, deleveraging, greater capital return, and a valuation at the midpoint of the sector, supports an attractive setup into the end of the year and 2025.
Recurring Revenue And MarginsRVTY's recently transformed portfolio of select LST assets and its attractive ~80% recurring revs profile drives its top-quartile margin (60%+ gross margins and ~30% op margins) and is poised to generate strong incremental leverage when volumes do recover.