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Burning Rock Provides Third Quarter 2022 Business Updates and Schedules Earnings Release on November 16, 2022

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Burning Rock Biotech Limited (NASDAQ: BNR) announced its plan to release unaudited financial results for Q3 2022 on November 16, 2022, prior to U.S. market opening. The company anticipates reporting strong double-digit revenue growth year-over-year, despite ongoing challenges from COVID-19 lockdowns. A conference call will follow at 8:30 a.m. ET to discuss these results, with a live webcast available on the company's investor relations website. Burning Rock focuses on next-generation sequencing technology in precision oncology, providing testing for therapy selection and cancer detection.

Positive
  • Expected strong double-digit growth in Q3 2022 revenues year-over-year.
Negative
  • Ongoing negative impact from COVID-19 related lockdowns and restrictions.

GUANGZHOU, China, Oct. 25, 2022 (GLOBE NEWSWIRE) -- Burning Rock Biotech Limited (NASDAQ: BNR, the “Company” or “Burning Rock”), a company focused on the application of next generation sequencing (NGS) technology in the field of precision oncology, today announced that it plans to release its unaudited financial results for the third quarter of 2022 before the U.S. market opens on November 16, 2022. Following the release, company management will host a conference call at 8:30 a.m. ET (9:30 p.m. Hong Kong time) on the same day to discuss its financial results for the third quarter of 2022.

While the Company has not completed preparation of its financial statements for the third quarter of 2022, it expects to report strong double-digit growth in revenues on a year-over-year basis, despite the ongoing negative impact of COVID-19 related lockdowns and restrictions.

Please register in advance of the conference using the link provided below and dial in 15 minutes prior to the call, using participant dial-in numbers and unique registrant ID which would be provided upon registering.

PRE-REGISTER LINK:

https://register.vevent.com/register/BI96c581babaf44021ab6c34af9f7ce42b.

Additionally, a live and archived webcast of the conference call will also be available on the company’s investor relations website at http://ir.brbiotech.com or through link https://edge.media-server.com/mmc/p/8fj2edsi.

A replay of the webcast will be available for 12 months via the same link above.

Please visit the Company’s investor relations website at https://ir.brbiotech.com/news-events/news-releases on November 16, 2022 to view the earnings release prior to the conference call.

About Burning Rock

Burning Rock Biotech Limited (NASDAQ: BNR), whose mission is to Guard Life via Science, focuses on the application of next generation sequencing (NGS) technology in the field of precision oncology. Its business consists of i) NGS-based therapy selection testing for late-stage cancer patients, and ii) NGS-based cancer early detection, which has moved beyond proof-of-concept R&D into the clinical validation stage.

For more information about Burning Rock, please visit: www.brbiotech.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “confident” and similar statements. Burning Rock may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Burning Rock’s beliefs and expectations, are forward-looking statements. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Burning Rock’s control. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. All information provided in this press release is as of the date of this press release, and Burning Rock does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

Contact: IR@brbiotech.com


FAQ

What is Burning Rock's expected revenue growth for Q3 2022?

Burning Rock expects strong double-digit revenue growth year-over-year for Q3 2022.

When will Burning Rock release its Q3 2022 financial results?

Burning Rock will release its Q3 2022 financial results on November 16, 2022.

What challenges is Burning Rock facing in Q3 2022?

Burning Rock is facing ongoing negative impacts from COVID-19 related lockdowns and restrictions.

When is the conference call to discuss Q3 2022 results for BNR?

The conference call to discuss Q3 2022 results will be held at 8:30 a.m. ET on November 16, 2022.

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