Burning Rock Biotech Limited
1Q2023 results
Nasdaq and LSE: BNR 30 May 2023
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2
Our value-building blocks
Extending leadership in NGS-based precision oncology from late-stage to earlier stage patients
New Businesses
Large market potential
At early commercial phase
Common
Infrastructure
Accelerating growth of
new businesses
Developed Business
Commercial phase
Early Detection | MRD1 | Biopharma |
Asymptomatic population | Early-stage oncology | Global CDx2 partner for |
patients | pivotal trials of targeted | |
drugs. Pharma R&D |
- Strong brand to support new product launches & attract talent
- Broad industry network and synergy across different business units
- Large volumes supporting lower cost & faster innovation
Therapy Selection
Late-stage oncology patients
Notes: | 3 |
- Minimal residual disease of solid tumors
- Companion diagnostics
2023 goals and outlook
Goal #1, profitability
• Achieve adjusted profitability breakeven excluding R&D during a 2023 quarter (defined as Non-GAAP gross profit minus SG&A expenses)
Corporate | Goal #2, profitable growth |
• 20% revenue growth in 2023 | |
Goal #3, further our lead in multi-cancer early detection as the #1 in China and a top player globally | |
• R&D spend focused on early detection clinical studies |
Therapy selection
MRD
Biopharma
Early detection
- Improve sales productivity
- Drive growth via in-hospital channel
- Roll-outof personalized brPROPHETTM test to additional hospitals
- Execute interventional studies to build further clinical evidence
- Continue profitable growth
- Validate 6-cancer test (PREVENT study), interim read-out expected in 2H23
- Develop 22-cancer test (PREDICT and PRESCIENT studies)
- Establish regulatory pathways with the FDA and NMPA
• | Commercialization pilot at selected public hospitals | 4 |
1Q2023 executing on track towards breakeven
Defined as Non-GAAP gross profit minus SG&A
Non-GAAP gross profit minus SG&A* (RMB millions)
(16.0)
(3.8)
(36.8)
(53.1)
(84.2)
1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 |
Notes: | |
* Non-GAAP gross profit, which is defined as gross profit excluding depreciation and amortization (D&A). Non-GAAP SG&A excludes share based compensation (SBC) and D&A. | 5 |
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Burning Rock Biotech Ltd. published this content on 30 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 May 2023 03:18:08 UTC.