Orasure Technologies, Inc
A maker of rapid point-of-care tests, OraSure Technologies is best known for the OraQuick HIV test that runs on a simple oral swab, along with tests for COVID-19, hepatitis C, syphilis, and sickle cell, plus sample-collection kits like Oragene and Colli-Pee used in clinics and at home. The company took its current form in 2000 when Epitope and STC Technologies merged, and its name blends "oral" (for its non-invasive mouth-based testing) with "sure." A fun twist: its Oragene saliva kits helped kick off the era of mail-order DNA testing from a simple spit sample.
10-Q · Quarter ended Jun 30, 2026 · SEC filing ↗
OraSure returned to an for the first time in five quarters. dipped 2% to $30.6 million and improved 1.3 points to 43.5%, but the swing from an $18.0 million loss to a $5.4 million profit was driven almost entirely by a $22.6 million non-cash gain from a change in the fair value of acquisition-related . The underlying business continues to burn cash while awaiting FDA clearance for a new molecular diagnostics platform.
Q2 FY2026 revenue dipped 2% to $30.6M, but operating income swung to $5.4M from a $18.0M loss, aided by a $22.6M non-cash gain.
There has been no material change in the Company's assessment of its sensitivity to market risk since its presentation set forth in Item 7A, "Quantitative and Qualitative Disclosures About Market Risk," in its Annual Report on Form 10-K for the year ended December 31, 2025.
There has been no material change in the Company's assessment of its sensitivity to market risk since its presentation set forth in Item 7A, "Quantitative and Qualitative Disclosures About Market Risk," in its Annual Report on Form 10-K for the year ended December 31, 2025.
Read original filing text →From time to time, the Company is involved in certain legal actions arising in the ordinary course of business. In management’s opinion, based upon the advice of counsel, the outcomes of such actions are not expected, individually or in the aggregate, to have a material adverse…
From time to time, the Company is involved in certain legal actions arising in the ordinary course of business. In management’s opinion, based upon the advice of counsel, the outcomes of such actions are not expected, individually or in the aggregate, to have a material adverse effect on the Company's future financial position or results of operations. NowDiagnostics Litigation On November 14, 2024 the Company filed a complaint against NowDiagnostics, Inc. ("NowDx"), Jody Berry ("Berry") and Janean Young ("Young") in the United States District Court for the Eastern District of Pennsylvania alleging 30 misappropriation and misuse of the Company's proprietary information and trade secrets by NowDx, Berry and Young in violation of the Federal Defend Trade Secrets Act and the Pennsylvania Uniform Trade Secrets Act. The complaint also alleges breach of contract and duty of loyalty by Young, unfair competition by NowDx, and tortious interference with contractual relations by Berry and NowDx. NowDx filed Counterclaims against the Company on January 13, 2025 and the Company filed its Answer to the Counterclaims on February 3, 2025. Young filed a Motion to Dismiss the claims against her, which was denied by the court on February 4, 2025. NowDx, Berry, and Young agreed to a preliminary injunction which the Court entered on February 27, 2025 and that remains in place. On February 11, 2026, the Court issued an order scheduling trial for January 17, 2027.
Read original filing text →There have been no material changes to the risk factors disclosed in Item 1A, entitled “Risk Factors,” in the Company's Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on March 9, 2026.
There have been no material changes to the risk factors disclosed in Item 1A, entitled “Risk Factors,” in the Company's Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on March 9, 2026.
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