OraSure Technologies Projects Q4 Revenue Between $30M-$32M Amid Return to Growth
OraSure Technologies (OSUR) reported a solid third quarter, characterized by a 14% year-over-year increase in revenue and a 1% sequential growth. Management highlighted successful execution in expanding gross margins and reducing operating expenditures during the period. Looking ahead, the company provided Q4 revenue guidance in the range of $30 million to $32 million. However, the company has adjusted its long-term financial outlook, shifting its expected timeline for achieving cash flow breakeven to the second half of 2027.