MDxHealth (NASDAQ:MDXH) Announces Earnings Results, Beats Expectations By $0.01 EPS

MDxHealth (NASDAQ:MDXH) posted its quarterly earnings data on Thursday. The company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.01, Zacks reports. The company had revenue of $27.21 million during the quarter, compared to analyst estimates of $26.14 million.

Here are the key takeaways from MDxHealth’s conference call:

• Q2 revenue rose 16% year over year to $27.2 million and 14% sequentially, while tissue-based testing volumes recovered by more than 1,400 tests following the ExoDx integration and sales-force restructuring.
• Management reaffirmed full-year revenue guidance of $110 million to $115 million and expects to return to adjusted EBITDA profitability as it exits 2026, citing continued growth and operating discipline.
• The company completed the wind-down of its Resolve UTI business and Plano laboratory, removing a $10.4 million contingent liability; it also raised $20 million in a registered direct offering, resulting in pro forma cash of approximately $39.2 million as of June 30.
• Gross margin declined to 65.7% from 68.6% a year earlier due to test mix, while the operating loss widened to $5.1 million and adjusted EBITDA was negative $2.3 million, primarily reflecting ExoDx-related operating expenses.
• Management highlighted potential growth from the peer-reviewed PROMPT study, the planned PROTECT study in active surveillance, and artificial intelligence initiatives supporting GPS, Confirm mdx, and ExoDx, while acknowledging that 2027 visibility remains preliminary.

MDxHealth Price Performance

MDXH stock traded up $0.35 during midday trading on Friday, reaching $0.81. The company had a trading volume of 322,955,163 shares, compared to its average volume of 2,545,347. The firm has a 50-day moving average price of $0.47 and a 200-day moving average price of $1.79. The company has a market capitalization of $40.00 million, a P/E ratio of -1.24 and a beta of 1.42. MDxHealth has a 1 year low of $0.40 and a 1 year high of $5.33.

Institutional Investors Weigh In On MDxHealth

A number of hedge funds have recently made changes to their positions in MDXH. Kennedy Capital Management LLC bought a new position in MDxHealth during the 3rd quarter worth approximately $1,826,000. Marshall Wace LLP bought a new stake in MDxHealth during the 4th quarter valued at $609,000. Panoramic Capital LLC bought a new stake in shares of MDxHealth in the third quarter worth about $721,000. 683 Capital Management LLC purchased a new position in MDxHealth during the 4th quarter valued at about $384,000. Finally, Mink Brook Asset Management LLC raised its position in MDxHealth by 64.9% during the 4th quarter. Mink Brook Asset Management LLC now owns 263,420 shares of the company’s stock valued at $940,000 after purchasing an additional 103,686 shares during the last quarter.

Key Headlines Impacting MDxHealth

Here are the key news stories impacting MDxHealth this week:

• Positive Sentiment: MDxHealth reported second-quarter revenue of $27.2 million, up 16% year over year and above the approximately $26.1 million analyst estimate. The company’s $0.18 per-share loss was slightly better than the $0.19 consensus cited by MarketBeat, although another estimate tracked by Zacks showed a larger expected loss of $0.12. MDxHealth Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The company raised or reaffirmed an optimistic FY 2026 revenue outlook of $110 million to $115 million, well above the roughly $98.8 million consensus estimate. This suggests management expects continued commercial momentum. MDxHealth Earnings Report
• Positive Sentiment: Management discussed the results and outlook during its second-quarter earnings call, giving investors additional detail on the company’s operating performance and growth plans. MDxHealth Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Trading in MDXH was temporarily paused several times under the exchange’s Limit Up-Limit Down mechanism. The halts do not represent a fundamental company announcement, but they underscore unusually high volatility and speculative trading activity.
• Negative Sentiment: MDxHealth agreed to raise $20 million through a direct share offering. The added funding may support operations and growth, but issuing new shares can dilute existing shareholders and may be contributing to the sharp price swings. MDxHealth Raises $20 Million in Direct Share Offering

Wall Street Analyst Weigh In

MDXH has been the subject of a number of research reports. Wall Street Zen downgraded MDxHealth from a “hold” rating to a “strong sell” rating in a report on Saturday, May 16th. Lake Street Capital set a $3.00 price objective on MDxHealth and gave the stock a “buy” rating in a research note on Friday. TD Cowen restated a “buy” rating and set a $1.50 price objective (down from $7.00) on shares of MDxHealth in a research note on Thursday, May 14th. William Blair lowered MDxHealth from an “outperform” rating to a “market perform” rating in a report on Thursday, May 14th. Finally, BTIG Research decreased their price objective on shares of MDxHealth from $7.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $2.83.

MDxHealth Company Profile

MDxHealth, headquartered in Mechelen, Belgium, with a U.S. presence in Newton, Massachusetts, is a molecular diagnostics company focused on improving the accuracy of cancer diagnosis and treatment decision making through epigenetic biomarker assays. The company specializes in developing and commercializing tests that detect DNA methylation changes associated with urological cancers, enabling more precise risk stratification and patient management.

MDxHealth’s lead product portfolio includes ConfirmMDx and SelectMDx.