Tempus AI (TEM) Revenue — Quarter Ended Sep 30, 2024
Revenue for the reported quarter grew compared to both the prior quarter and the same quarter a year earlier. The company's filing discusses interest expense on convertible debt and fair value changes of certain assets, but no direct causal link to revenue is provided.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the reported quarter grew compared to both the prior quarter and the same quarter a year earlier. The company's filing discusses interest expense on convertible debt and fair value changes of certain assets, but no direct causal link to revenue is provided.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$180.9M
Revenue reported for this quarter.
Quarter-over-quarter
+9.0%
Change from the immediately preceding quarter.
Year-over-year
+33.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$640.4M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2023 | $147.7M | n/a |
| Mar 31, 2024 | $145.8M | n/a |
| Jun 30, 2024 | $166M | +25.3% |
| Sep 30, 2024 | $180.9M | +33.0% |
Revenue performance
The reported quarter's revenue was higher than the preceding quarter, continuing an upward trend from the prior period. The increase was also significant when compared with the same quarter one year ago.
Quarterly comparison
Sequentially, revenue rose from the immediately preceding quarter. On a year-over-year basis, revenue also posted a notable increase.
What to watch
The filing notes that a warrant asset from a Commercialization and Reference Laboratory Agreement was exercised in August, which could affect future fair value measurements.