Regarding the statement of the CEO about not pre-announcing - some companies pre-announce their 2023 earnings before the start of this conference every year so that they can talk about their performance in the Q&A. If you were around for the Livongo days they were a notable pre-announce at this same conference. TMDX does not ever pre-announce and they usually make some statement about that at the beginning of their presentations at this conference.
I listened to the presentation and did not pick up on anything that I thought was significantly new info. I am unsure why the market reacted the next day by boosting the stock 8%. For those who observe such things, with the jump up on Tuesday it did close the gap from the drop after the 8/3 ER.
stocknovice - I agree with your thought process. TMDX management has been saying this for a while. Both NOP and now airplanes/flights are negative with respect to gross margin. However, revenue would have ramped MUCH more slowly if TMDX did not implement both of these things. So, it would have been nice if they could have kept the juicy GM and not had to invest in NOP and planes, but its just not reality. They still have a very strong GM, and they now have a more durable moat.