Exact Sciences Corp (NAS:EXAS)

$ 50.505 -2.985 (-5.58%) Market Cap: 9.32 Bil Enterprise Value: 11.78 Bil PE Ratio: 0 PB Ratio: 2.96 GF Score: 78/100

Exact Sciences Corp at Robert W Baird Global Healthcare Conference Transcript

Sep 04, 2019 / 04:50PM GMT

Release Date Price: $120.84 (+2.35%)

Transcript

Catherine Walden Ramsey Schulte

Robert W. Baird & Co. Incorporated, Research Division - Senior Research Analyst

All right. We're going to go ahead and get started. I'm Catherine Schulte, I cover Life Sciences and Diagnostics here at Baird. Very excited to have Exact Sciences presenting today. From the company, we have Jeff Elliott, CFO. If you have any questions at all during the presentation, you can e-mail them to [email protected], and I will pass them along to Jeff. So with that, I'll turn it over to Jeff for some introductory comments, and then we'll move into Q&A.

Jeffrey T. Elliott

Exact Sciences Corporation - CFO

Thank you, Catherine. It's great to be back here again at Baird. So we are coming off of a very strong quarter. In the second quarter, we grew by over 90%, we generated $200 million of revenue with 70% gross -- 74% gross margins. And today, our market share is under 6%. So there's a long runway ahead.

This market for colon cancer screening in the U.S. is 87 million people, so it's a huge market. Our long-term goal is to

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