spend debt finance related I'll few minutes to the announcements Ken. recent next you, summarizing our and management. Thank
transaction stable to we of million in Management. effectively footing signed sets outstanding a years debt a convertible financing $XXX addresses by come. transaction XXXX led First, XX% on the This have more us for Deerfield and deal
XX% due equitize XX% in their notes will and holdings. exchange XXXX their will also current of secured XXXX Investors notes senior with new of
investors remaining XXXX provide the addition, most an – We balance notes, $XX truly and will company's additional certain In million help approximately leaving future. of address each $XX appreciate support a confidence of in of the to XXXX. capital in their due million
loan. amount total the million inflow burn runway. cash debt the $XX million $XXX balance, repaid without and term are overall sale. able our to elected light secured the had impacting early continued the senior down RUO now down from $XX larger to February, million pay the transaction we In the reflecting pay outstanding we reduction, In Additionally, of have we significantly cash of fully our
extinguishing capital environment. estimate stat, of the we rising added of a interest obligations deploying debt By rate the eliminated associated million will $XX and million expense. a repayment $XXX us debt We in interest over save to total
significantly transactions these $XX out from manageable reduce in completed, our million, Once the figure. will easily push and deal XXXX obligations $XXX an debt to payment million
$XXX also we'll decrease improving million, progress our our making balance sheet. debt by total importantly, over notable More in
the we current end at pro to on of the plan, have a transaction. estimate the of million close that balance We company XXXX. of cash continue the the runway cash a $XXX have expect until will forma Based we
In and also extend of have $XXX after addition, million further utilization we such transaction about about secured available debt runway. – could this capacity our
structure to these transactions company. Needless and the change financial to the fundamental a represent of our health capital benefit say, and
results. to million. offered selection testing hereditary we testing oncology, business, our other health and $XX Now data and PCM the was NIPS quarter $XXX services as about million carrier services, and from women's rare cancer, financial partners, revenue of including generated was approximately $XX DX, of revenue from to from million follows, moving million including In and patient on fourth our therapy products, breakdown and the network $XX pharmacogenomics pharmaceutical million XXXX, $XX
third a programs, data the from sponsor andXXX $XXXmillion basis compared Non-GAAP was XXXX the includes over This prior margin points in our in data operating XXXX. of programs. the year, million the Non-GAAP prior was $XXX an management gross from of quarter fourth points of and XX.X%, to improvement quarter. basis expenses is of partnership million number and X,XXX $XXX testing which quarter
also the $X employee including from incurred plan, excluded our non-GAAP RUO of asset fees. services about result operating the we presentation. gain million sales a today's professional items separation, and expenses of impairment our These in QX realignment and were expenses As from
XXXX. totaled Moving $XXX growth compared on on marketable September for or from million to million securities December $XXX was $XXX revenue XX% cash Cash, performance. XX, million on and equivalents, prior restricted the to cash Total XX, cash XXXX, year year.
the over operating Non-GAAP gross full $XXX in was XX.X%, XXXX the XXXX XXXX. XXX% million XXXX. or in year compared improved points Non-GAAP by in or revenue were in XXX% $XXX almost million of basis XX.X% which revenue, margin to XXX of expenses
related the from charges In and assets impairment non-GAAP the in year, RUO presentation. were sales year full and realignment expenses activities certain the full today's excluded expenses for IPR&D operating to goodwill the
important burn that and the as fourth of last ongoing business look the cash was the run the We proceeds to XXXX RUO our as as our compared reduction the plan quarter, it's meaningful This prior $XX sales again about the rate for think acquisition-related was the cash and million. at to trend, quarter. a well ongoing burn at from realignment cash In excluding expenses. beginning
business the to metrics. Stepping
established of For year. continuity through prior provide the same metrics we to last sake will the XXXX,
and activities be year. maturity our the scale, into the realignment coming more consolidating that progress considering our we our relevant following company's to are However, we'll will measurements be metrics – to considering and current
new in eliminate performance product we'll gross to and related metrics burn metrics active expenses accounts, financial vitality. with associated discussions. and XXXX, be active covered operating margins, For cash will Financial partners
number in metrics for as per cost patient, available as well served, number variable business total will of productivity. XXXX data Our sharing revenue patients patients include of
partners of Now and plan. our XXXX to were QX, result our growth, primarily relatively accounts a the Under both in active metrics. portfolio realignment as active stable
patients available served have sharing. patients to them ones for who are and X.X continue of million over for data number sharing XX% of with expand. the We However, available over now the data
of by Our to has improved new as measured from in for broader on QX patient, achieving the has by company to quality continued previous quarters, divided total we product number Revenue revenue similar our a level the and vitality ordering efforts slightly to increase the focused patients returned of quarter, recent have quarters. higher per revenue.
Moving as quarter-over-quarter well all to productivity, seeing non-GAAP of margin, variable cost continued burn. categories, excellence. We're gross a non-GAAP as operational cash in improvement revenue percentage OpEx as
with XXXX pro forma guidance. to quarter annualized $XXX an million business. fourth Moving exited our On basis, a financial we for revenue our of roughly of remaining
be year-over-year low $XXX million, XXXX, representing to double-digit over For growth. revenue we're expecting
so that the expectation. couple XXXX of months first in far, the in And performance supports
first also to year half. We the revenue anticipate roughlyXX% half XX% XX% be of the to to second for the breakdown in the XX% and
We've as consolidation, to color due mix, be also industry the point and cancer, price revenue. given expansion a DX. per rare particular, product expect as women's XXXX, in we to reimbursement percent In test total line average expressed management, for call revenue additional growth to hereditary driven higher the health by better of top
We margin also supply be higher thanks expect operations, between well as to XX%, our to quality improvement to XX.X% of lab expand chain QXto more revenue in our from logistics. and non-GAAP focused as gross to continue XX% in the portfolio, sustained
margins, gross cash $XX $XXX a as be our by efforts, related working we line to growth, XX% the XXXX incurred year original million, Looking burn, compares in at XXXX, estimate. top more between and our $XX well as $XXX of than capital cash full which to realignment million reduced million from expect the million In $XXX XXXX, million improved improvement driven improvement. our OpEx now expenses approximately we to favorably
ongoing cash a In small reflects guidance amount the our thus, of expenses, we realignment current and burn related target. XXXX, largely anticipate cash
encouraged We're deliver. progress confident and in to our today team's our are ability by
you, Ken. to Back
