Myriad Genetics

Myriad Genetics is a leading personalized medicine company dedicated to being a trusted advisor transforming patient lives worldwide with pioneering molecular diagnostics. Myriad discovers and commercializes molecular diagnostic tests that: determine the risk of developing disease, accurately diagnose disease, assess the risk of disease progression, and guide treatment decisions across six major medical specialties where molecular diagnostics can significantly improve patient care and lower healthcare costs. Myriad is focused on three strategic imperatives: transitioning and expanding its hereditary cancer testing market, diversifying its product portfolio through the introduction of new products and increasing the revenue contribution from international markets. At the end of fiscal year 2015, Myriad had annual revenue of approximately $723.1 million and 2,038 employees, Myriad is the global leader and pioneer in the molecular diagnostics field with twelve innovative diagnostic products. Through our proprietary technologies, we believe we are positioned to identify important disease genes, the proteins they produce, and the biological pathways in which they are involved to better understand the genetic basis of human disease and the role that genes and their related proteins may play in the disease process.

Type
Public
HQ
Salt Lake City, US
Founded
1992
Size (employees)
2,206 (est)+9%
Website
myriad.com
Myriad Genetics was founded in 1992 and is headquartered in Salt Lake City, US

Myriad Genetics Office Locations

Myriad Genetics has offices in Salt Lake City, Austin, Zürich and South San Francisco
Salt Lake City, US (HQ)
320 Wakara Way
South San Francisco, US
341 Oyster Point Blvd
Zürich, CH
95 Leutschenbachstrasse
Austin, US
3300 Duval Rd

Myriad Genetics Data and Metrics

Myriad Genetics Financial Metrics

Myriad Genetics's revenue was reported to be $753.8 m in FY, 2016 which is a 4% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

753.8 m

Revenue growth (FY, 2015 - FY, 2016), %

4%

Gross profit (FY, 2016)

621 m

Gross profit margin (FY, 2016), %

82%

Net income (FY, 2016)

125.3 m

EBIT (FY, 2016)

166.8 m

Market capitalization (26-May-2017)

1.4 b

Closing share price (26-May-2017)

20.2

Cash (30-Jun-2016)

68.5 m
Myriad Genetics's current market capitalization is $1.4 b.
Numbers are in $, USDFY, 2014FY, 2015FY, 2016

Revenue

778.2 m723.1 m753.8 m

Revenue growth, %

(7%)4%

Gross profit

682.1 m590.3 m621 m

Gross profit Margin, %

88%82%82%

Operating expense total

407.6 m456.1 m454.2 m

EBIT

274.4 m134.2 m166.8 m

EBIT margin, %

35%19%22%

Interest income

5.4 m400 k900 k

Pre tax profit

277.9 m134.9 m168.9 m

Income tax expense

101.6 m54.7 m43.6 m

Net Income

176.2 m80.2 m125.3 m
Numbers are in $, USDFY, 2014FY, 2015FY, 2016

Cash

64.8 m64.1 m68.5 m

Accounts Receivable

3.8 m1.9 m3.3 m

Inventories

23.9 m25.1 m38.3 m

Current Assets

322.4 m283.6 m314.5 m

PP&E

67.2 m58.3 m

Goodwill

169.2 m177.2 m195.3 m

Total Assets

823.8 m766.2 m880.5 m

Accounts Payable

23.1 m21.1 m21.1 m

Current Liabilities

80.6 m68.7 m72.3 m

Additional Paid-in Capital

717.8 m745.4 m830.1 m

Retained Earnings

2 m(77 m)(73.2 m)

Total Equity

719 m662.1 m748.1 m

Financial Leverage

1.1 x1.2 x1.2 x
Numbers are in $, USDFY, 2014FY, 2015FY, 2016

Net Income

176.2 m80.2 m125.3 m

Depreciation and Amortization

13.8 m25 m26.7 m

Accounts Receivable

(1.9 m)2.5 m(900 k)

Inventories

(16 m)(800 k)(15 m)

Accounts Payable

(1.5 m)(3.1 m)(3.1 m)

Cash From Operating Activities

190.2 m140.5 m166.3 m

Capital Expenditures

(23.9 m)(5 m)

Cash From Investing Activities

(17.7 m)(91.4 m)

Cash From Financing Activities

(211.8 m)(177.3 m)(68.3 m)

Income Taxes Paid

108.2 m

Free Cash Flow

164.4 m171.3 m
Numbers are in $, USDY, 2016

Revenue/Employee

369.9 k

Financial Leverage

1.2 x

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