Revenues Grew 40% for the Fourth Quarter and 42% for Full Year 2021
2022 Guidance Reaffirmed
BOSTON and LAUSANNE, Switzerland, March 15, 2022 (GLOBE NEWSWIRE) -- SOPHiA GENETICS SA (Nasdaq: SOPH), a leader in data-driven medicine, today reported financial results for the fourth quarter and full year ended December 31, 2021.
Recent Highlights
“I am proud of our solid execution across our organization this quarter, as year-over-year revenue again grew significantly and as we continue to make progress in entering into exciting new relationships and expanding on existing ones,” said Jurgi Camblong, Co-Founder and CEO of SOPHiA GENETICS. “There is much to look forward to at SOPHiA GENETICS, including our exciting progress in HRD, growing penetration in North America expanding opportunities with biopharma partners, and other strategic opportunities. I am immensely proud of what we have accomplished at SOPHiA GENETICS and continue to be even more optimistic about what lies ahead of us. 2021 has been and continues to be a momentous year for our organization, and we remain confident in our objectives and mission going forward.”
Fourth Quarter Financial Results
Total revenue for the fourth quarter of 2021 was $10.9 million compared to $7.8 million for the fourth quarter of 2020, representing growth of 40%.
Platform analysis volumes increased to approximately 66,000 analyses for the fourth quarter of 2021, compared to approximately 44,000 analyses for the fourth quarter of 2020.
Gross profit for the fourth quarter of 2021 was $6.8 million, an increase of 40% compared to a gross profit of $4.9 million in the fourth quarter of 2020. Gross margin was 62% for the fourth quarter of 2021 in line with 62% for the fourth quarter of 2020. Adjusted gross margin was 65% for the fourth quarter of 2021.
Total operating expenses for the fourth quarter of 2021 were $27.8 million compared to $16.2 million for the fourth quarter of 2020.
R&D expenses for the fourth quarter of 2021 were $6.4 million, compared to $5.2 million for the fourth quarter of 2020.
Sales and marketing expenses for the fourth quarter of 2021 were $8.6 million, compared to $4.2 million for the fourth quarter of 2020.
General and administrative expenses for the fourth quarter of 2021 were $13.0 million, compared to $6.8 million for the fourth quarter of 2020.
Operating loss for the fourth quarter of 2021 was $21.0 million, compared to $11.3 million in the fourth quarter of 2020. Adjusted operating loss for the fourth quarter of 2021 was $17.6 million, compared to $10.9 million for the fourth quarter of 2020.
Net loss for the fourth quarter of 2021 was $21.4 million or $0.33 per share, compared to $10.5 million or $0.22 per share for the fourth quarter of 2020. Adjusted net loss for the fourth quarter of 2021 was $17.9 million or $0.28 per share, compared to $9.9 million or $0.21 per share for the fourth quarter of 2020.
Full Year 2021 Financial Results
Total revenue for full year 2021 was $40.5 million compared to $28.4 million for 2020, representing growth of 42%. The growth in revenue was primarily driven by new customers added to our platform coupled with increased usage rates across our existing customers.
Annualized revenue churn rate has remained at a historical low of approximately 3% of total full year revenue for 2021. Average revenue per platform customer for the full year increased to approximately $92,000 compared to approximately $70,000 for the prior year period. Net dollar retention for the year increased to 142%.
Gross profit for full year 2021 was $25.2 million, an increase of 43% compared to a gross profit of $17.7 million for full year 2020. Gross margin was 62% for full year 2021 in line with 62% for full year 2020. Adjusted gross margin was 64% for full year 2021.
Total operating expenses for full year 2021 were $96.7 million compared to $55.1 million for full year 2020.
R&D expenses for full year 2021 were $26.6 million, compared to $18.6 million for full year 2020.
Sales and marketing expenses for full year 2021 were $28.7 million, compared to $17.4 million for full year 2020.
General and administrative expenses for full year 2021 were $41.5 million, compared to $19.0 million for full year 2020.
Operating loss for full year 2021 was $71.5 million, compared to $37.4 million for full year 2020. Adjusted operating loss for full year 2021 was $61.5 million, compared to $34.2 million for full year 2020.
Net loss for full year 2021 was $73.7 million or $1.33 per share, compared to $39.3 million or $0.93 per share for full year 2020. Adjusted net loss full year 2021 was $62.3 million or $1.13 per share, compared to $35.7 million or $0.84 per share for full year 2020.
Cash and cash equivalents were approximately $265 million as of December 31, 2021.
2022 Outlook
SOPHiA GENETICS expects full year revenue for 2022 to be in the range of $51.5 million to $54 million, representing growth of 27% to 33% over full year revenue for 2021.
Webcast and Conference Call Information
SOPHiA GENETICS will host a conference call and live webcast to discuss the fourth quarter and full year 2021 financial results as well as business outlook on Tuesday, March 15, 2022 at 8:30 a.m. Eastern Time / 2:30 p.m. Central European Time. The call will be webcast live on the SOPHiA GENETICS Investor Relations website. Additionally, an audio replay of the conference call and webcast will be available on the website after its completion.
About SOPHiA GENETICS
SOPHiA GENETICS (Nasdaq: SOPH) is a healthcare technology company dedicated to establishing the practice of data-driven medicine as the standard of care and for life sciences research. It is the creator of the SOPHiA DDM™ Platform, a cloud-based SaaS platform capable of analyzing data and generating insights from complex multimodal data sets and different diagnostic modalities. The SOPHiA DDM™ Platform and related solutions, products and services are currently used by more than 790 hospital, laboratory, and biopharma institutions globally. For more information, visit SOPHiAGENETICS.COM, or connect on Twitter, LinkedIn and Instagram. Where others see data, we see answers.
Non-IFRS Financial Measures
To provide investors with additional information regarding our financial results, we have disclosed here and elsewhere in this earnings release the following non-IFRS measures:
These non-IFRS measures are key measures used by our management and board of directors to evaluate our operating performance and generate future operating plans. The exclusion of certain expenses facilitates operating performance comparability across reporting periods by removing the effect of non-cash expenses and certain variable charges. Accordingly, we believe that these non-IFRS measures provide useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and board of directors.
These non-IFRS measures have limitations as financial measures, and you should not consider them in isolation or as a substitute for analysis of our results as reported under IFRS. Some of these limitations are:
Because of these limitations, you should consider these non-IFRS measures alongside other financial performance measures, including various cash flow metrics, net income and our other IFRS results.
The tables below provide the reconciliation of the most comparable IFRS measures to the non-IFRS measures for the periods presented.
Forward-Looking Statements
This press release contains statements that constitute forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy, products and technology, partnerships and collaborations, as well as plans and objectives of management for future operations, are forward-looking statements. Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including those described in our filings with the U.S. Securities and Exchange Commission. No assurance can be given that such future results will be achieved. Such forward-looking statements contained in this document speak only as of the date of this press release. We expressly disclaim any obligation or undertaking to update these forward-looking statements contained in this press release to reflect any change in our expectations or any change in events, conditions, or circumstances on which such statements are based unless required to do so by applicable law. No representations or warranties (expressed or implied) are made about the accuracy of any such forward-looking statements.
Investor Contact:
Jennifer Pottage
Head of Investor Relations
Jpottage@sophiagenetics.com
Media Contact:
Eliza Bamonti
Director of Public Relations
Ebamonti@sophiagenetics.com
SOPHiA GENETICS SA
Consolidated Statement of Loss
(Amounts in USD thousands, except per share data)
(Unaudited) | |||||||||||||||||
For the three months ended December 31, |
For the twelve months ended December 31, |
||||||||||||||||
2021 | 2020 | 2021 | 2020 | ||||||||||||||
Revenue | $ | 10,937 | $ | 7,835 | $ | 40,450 | $ | 28,400 | |||||||||
Cost of revenue | (4,107 | ) | (2,945 | ) | (15,229 | ) | (10,709 | ) | |||||||||
Gross profit | 6,830 | 4,890 | 25,221 | 17,691 | |||||||||||||
Research and development costs | (6,358 | ) | (5,171 | ) | (26,578 | ) | (18,588 | ) | |||||||||
Selling and marketing costs | (8,574 | ) | (4,228 | ) | (28,735 | ) | (17,432 | ) | |||||||||
General and administrative costs | (12,959 | ) | (6,824 | ) | (41,505 | ) | (18,965 | ) | |||||||||
Other operating income (expense), net | 52 | 46 | 108 | (93 | ) | ||||||||||||
Operating loss | (21,009 | ) | (11,287 | ) | (71,489 | ) | (37,387 | ) | |||||||||
Finance income (expense), net | (890 | ) | (1,112 | ) | (2,018 | ) | (3,838 | ) | |||||||||
Loss before income taxes | (21,899 | ) | (12,399 | ) | (73,507 | ) | (41,225 | ) | |||||||||
Income tax (expense) | 525 | 1,918 | (168 | ) | 1,886 | ||||||||||||
Loss for the period | (21,374 | ) | (10,481 | ) | (73,675 | ) | (39,339 | ) | |||||||||
Attributable to the owners of the parent | $ | (21,374 | ) | $ | (10,481 | ) | $ | (73,675 | ) | $ | (39,339 | ) | |||||
Loss per share | |||||||||||||||||
Basic and diluted loss per share | $ | (0.33 | ) | $ | (0.22 | ) | $ | (1.33 | ) | $ | (0.93 | ) | |||||
SOPHiA GENETICS SA
Consolidated Statement of Comprehensive Loss
(Amounts in USD thousands)
(Unaudited) | |||||||||||||||||
For the three months ended December 31, |
For the twelve months ended December 31, |
||||||||||||||||
2021 | 2020 | 2021 | 2020 | ||||||||||||||
Loss for the period | $ | (21,374 | ) | $ | (10,481 | ) | $ | (73,675 | ) | $ | (39,339 | ) | |||||
Other comprehensive loss: | |||||||||||||||||
Items that may be reclassified to loss (net of tax) | |||||||||||||||||
Currency translation differences | $ | 2,978 | $ | 4,833 | (4,736 | ) | 7,338 | ||||||||||
Total items that may be reclassified to loss | $ | 2,978 | $ | 4,833 | $ | (4,736 | ) | $ | 7,338 | ||||||||
Items that will not be reclassified to loss (net of tax) | |||||||||||||||||
Remeasurement of defined benefit plans | 461 | 184 | 461 | 184 | |||||||||||||
Total items that will not be reclassified to loss | 461 | 184 | 461 | 184 | |||||||||||||
Other comprehensive income (loss) for the period | $ | 3,439 | $ | 5,017 | $ | (4,275 | ) | $ | 7,522 | ||||||||
Total comprehensive loss for the period | $ | (17,935 | ) | $ | (5,464 | ) | $ | (77,950 | ) | $ | (31,817 | ) | |||||
Attributable to owners of the parent | $ | (17,935 | ) | $ | (5,464 | ) | $ | (77,950 | ) | $ | (31,817 | ) | |||||
SOPHiA GENETICS SA
Consolidated Balance Sheet
(Amounts in USD thousands)
December 31, 2021 | December 31, 2020 | |||||||
Assets | ||||||||
Current assets | ||||||||
Cash and cash equivalents | $ | 192,962 | $ | 74,625 | ||||
Term deposits | 72,357 | 22,720 | ||||||
Accounts receivable, net | 6,278 | 6,363 | ||||||
Inventory | 5,729 | 3,384 | ||||||
Prepaids and other current assets | 5,529 | 2,602 | ||||||
Total current assets | 282,855 | 109,694 | ||||||
Non-current assets | ||||||||
Property and equipment, net | 4,663 | 1,772 | ||||||
Intangible assets | 15,673 | 13,282 | ||||||
Right-of-use assets | 11,292 | 3,767 | ||||||
Deferred tax asset | 1,990 | 2,114 | ||||||
Other non-current assets | 3,700 | 1,486 | ||||||
Total non-current assets | 37,318 | 22,421 | ||||||
Total assets | $ | 320,173 | $ | 132,115 | ||||
Liabilities and equity | ||||||||
Current liabilities | ||||||||
Accounts payable | $ | 6,737 | $ | 5,907 | ||||
Accrued expenses | 15,972 | 9,081 | ||||||
Deferred contract revenue | 4,069 | 2,642 | ||||||
Current portion of borrowings | — | 2,873 | ||||||
Current portion of lease liabilities | 1,813 | 1,036 | ||||||
Other current liabilities | 12 | 48 | ||||||
Total current liabilities | 28,603 | 21,587 | ||||||
Non-current liabilities | ||||||||
Deferred contract revenue, net of current portion | — | 142 | ||||||
Borrowings, net of current portion | — | 457 | ||||||
Lease liabilities, net of current portion | 11,246 | 2,883 | ||||||
Defined benefit pension liabilities | 4,453 | 5,158 | ||||||
Other non-current liabilities | 471 | 1,378 | ||||||
Total non-current liabilities | 16,170 | 10,018 | ||||||
Total liabilities | 44,773 | 31,605 | ||||||
Equity | ||||||||
Share capital | 3,328 | 2,460 | ||||||
Share premium | 470,887 | 227,429 | ||||||
Other reserves | 12,539 | 8,300 | ||||||
Accumulated deficit | (211,354 | ) | (137,679 | ) | ||||
Total equity | 275,400 | 100,510 | ||||||
Total liabilities and equity | $ | 320,173 | $ | 132,115 |
SOPHiA GENETICS SA
Interim Condensed Consolidated Statement of Cash Flows
(Amounts in USD thousands)
For the twelve months ended December 31, |
||||||||
2021 | 2020 | |||||||
Operating activities | ||||||||
Loss before tax | $ | (73,507 | ) | $ | (41,225 | ) | ||
Adjustments for non-monetary items | ||||||||
Depreciation | 2,517 | 1,758 | ||||||
Amortization | 1,092 | 632 | ||||||
Interest expense | 658 | 1,224 | ||||||
Interest income | (20 | ) | (96 | ) | ||||
Gain on TriplePoint success fee | (430 | ) | — | |||||
Expected credit loss allowance | (988 | ) | 763 | |||||
Share-based compensation | 8,514 | 1,359 | ||||||
Intangible assets write-off | 30 | 226 | ||||||
Movements in provisions, pensions, and government grants | (23 | ) | 1,203 | |||||
Research tax credit | (1,597 | ) | (763 | ) | ||||
Loss on disposal of property and equipment | 22 | — | ||||||
Working capital changes | ||||||||
(Increase) decrease in accounts receivable | 1,806 | 1,118 | ||||||
(Increase) decrease in prepaids and other assets | (2,330 | ) | 2,347 | |||||
(Increase) decrease in inventory | (2,336 | ) | 536 | |||||
Increase (decrease) in accounts payables, accrued expenses, deferred contract revenue, and other liabilities | 8,980 | (185 | ) | |||||
Cash used in operating activities | ||||||||
Income tax received (paid) | (55 | ) | 153 | |||||
Interest paid | (286 | ) | (855 | ) | ||||
Interest received | 14 | 75 | ||||||
Net cash flows used in operating activities | (57,939 | ) | (31,730 | ) | ||||
Investing activities | ||||||||
Purchase of property and equipment | (2,683 | ) | (450 | ) | ||||
Acquisition of intangible assets | (130 | ) | (318 | ) | ||||
Capitalized development costs | (3,858 | ) | (2,436 | ) | ||||
Proceeds upon maturity of term deposits and short-term investments | 21,878 | — | ||||||
Purchase of term deposits and short-term investments | (72,141 | ) | (21,119 | ) | ||||
Net cash flow used in investing activities | (56,934 | ) | (24,323 | ) | ||||
Financing activities | ||||||||
Proceeds from exercise of share options | 4,527 | 1,072 | ||||||
Proceeds from issuance of share capital, net of transaction costs | — | 107,643 | ||||||
Proceeds from initial public offering, net of transaction costs | 211,663 | — | ||||||
Proceeds from greenshoe, net of transaction costs | 8,488 | — | ||||||
Proceeds from private placement, net of transaction costs | 19,648 | — | ||||||
Payment of TriplePoint success fee | (2,468 | ) | — | |||||
Proceeds from borrowings | — | 15,839 | ||||||
Repayments of borrowings | (3,167 | ) | (16,529 | ) | ||||
Payments of principal portion of lease liabilities | (918 | ) | (980 | ) | ||||
Net cash flow provided from (used in) financing activities | 237,773 | 107,045 | ||||||
Increase (decrease) in cash and cash equivalents | 122,900 | 50,992 | ||||||
Effect of exchange differences on cash balances | (4,563 | ) | 5,564 | |||||
Cash and cash equivalents at beginning of the year | 74,625 | 18,069 | ||||||
Cash and cash equivalents at end of the year | $ | 192,962 | $ | 74,625 |
SOPHiA GENETICS SA
Reconciliation of IFRS to Adjusted Cost of Revenue
(Amounts in USD thousands)
(Unaudited)
For the three months ended December 31, |
For the twelve months ended December 31, |
|||||||||||||||
2021 | 2020 | 2021 | 2020 | |||||||||||||
Cost of revenue | $ | (4,107 | ) | $ | (2,945 | ) | $ | (15,229 | ) | $ | (10,709 | ) | ||||
Amortization of capitalized research and development expenses (1) | 154 | — | 483 | — | ||||||||||||
Custom inventory write-off (2) | — | — | — | 419 | ||||||||||||
Damaged inventory write-off (3) | 88 | — | 88 | — | ||||||||||||
Adjusted cost of revenue | $ | (3,865 | ) | $ | (2,945 | ) | $ | (14,658 | ) | $ | (10,290 | ) | ||||
Reconciliation of IFRS to Adjusted Gross Profit and Gross Profit Margin
(Amounts in USD thousands, except percentages)
(Unaudited)
For the three months ended December 31, |
For the twelve months ended December 31, |
|||||||||||||||
2021 | 2020 | 2021 | 2020 | |||||||||||||
Revenue | $ | 10,937 | $ | 7,835 | $ | 40,450 | $ | 28,400 | ||||||||
Cost of revenue | $ | (4,107 | ) | $ | (2,945 | ) | $ | (15,229 | ) | $ | (10,709 | ) | ||||
Gross profit | $ | 6,830 | $ | 4,890 | $ | 25,221 | $ | 17,691 | ||||||||
Amortization of capitalized research and development expenses (1) | 154 | — | 483 | — | ||||||||||||
Custom inventory write-off (2) | — | — | — | 419 | ||||||||||||
Damaged inventory write-off (3) | 88 | — | 88 | — | ||||||||||||
Adjusted Gross Profit | $ | 7,072 | $ | 4,890 | $ | 25,792 | $ | 18,110 | ||||||||
. | ||||||||||||||||
Gross profit margin | 62 | % | 62 | % | 62 | % | 62 | % | ||||||||
Amortization of capitalized research and development expenses (1) | 2 | % | — | 2 | % | — | ||||||||||
Custom inventory write-off (2) | — | — | — | 1 | % | |||||||||||
Damaged inventory write-off (3) | 1 | % | — | 0 | % | — | ||||||||||
Adjusted gross profit margin | 65 | % | 62 | % | 64 | % | 64 | % |
SOPHiA GENETICS SA
Reconciliation of IFRS to Adjusted Operating Loss
(Amounts in USD thousands)
(Unaudited)
For the three months ended December 31, |
For the twelve months ended December 31, |
|||||||||||||||
2021 | 2020 | 2021 | 2020 | |||||||||||||
Operating loss | $ | (21,009 | ) | $ | (11,287 | ) | $ | (71,489 | ) | $ | (37,387 | ) | ||||
Amortization of capitalized research and development costs (1) | 154 | — | 483 | — | ||||||||||||
Custom inventory write-off (2) | — | — | — | 419 | ||||||||||||
Damaged inventory write-off (3) | 88 | — | 88 | — | ||||||||||||
Amortization of intangible assets (4) | 153 | 195 | 609 | 632 | ||||||||||||
Share-based compensation expense (5) | 3,640 | 365 | 8,514 | 1,359 | ||||||||||||
Non-cash pension expense (6) | (595 | ) | (170 | ) | (73 | ) | 784 | |||||||||
Non-recurring IPO-related expenses (7) | — | — | 323 | — | ||||||||||||
Adjusted operating loss | $ | (17,569 | ) | $ | (10,897 | ) | $ | (61,545 | ) | $ | (34,193 | ) | ||||
Reconciliation of IFRS to Adjusted Income (Expense), Net
(Amounts in USD thousands)
(Unaudited)
For the three months ended December 31, |
For the twelve months ended December 31, |
|||||||||||||||
2021 | 2020 | 2021 | 2020 | |||||||||||||
Finance income (expense), net | $ | (890 | ) | $ | (1,112 | ) | $ | (2,018 | ) | $ | (3,838 | ) | ||||
Change in fair value of derivative (8) | — | 187 | 1,444 | 467 | ||||||||||||
Adjusted finance income (expense), net | $ | (890 | ) | $ | (925 | ) | $ | (574 | ) | $ | (3,371 | ) | ||||
SOPHiA GENETICS SA
Reconciliation of IFRS to Adjusted Loss for the Period and Loss per Share
(Amounts in USD thousands, except per share and share data)
(Unaudited)
For the three months ended December 31, |
For the twelve months ended December 31, |
|||||||||||||||
2021 | 2020 | 2021 | 2020 | |||||||||||||
Loss for the period | $ | (21,374 | ) | $ | (10,481 | ) | $ | (73,675 | ) | $ | (39,339 | ) | ||||
Amortization of capitalized research and development costs (1) | 154 | — | 483 | — | ||||||||||||
Custom inventory write-off (2) | — | — | — | 419 | ||||||||||||
Damaged inventory write-off (3) | 88 | — | 88 | — | ||||||||||||
Amortization of intangible assets (4) | 153 | 195 | 609 | 632 | ||||||||||||
Share-based compensation expense (5) | 3,640 | 365 | 8,514 | 1,359 | ||||||||||||
Non-cash pension expense (6) | (595 | ) | (170 | ) | (73 | ) | 784 | |||||||||
Non-recurring IPO-related expenses (7) | — | — | 323 | — | ||||||||||||
Change in fair value of derivative (8) | — | 187 | 1,444 | 467 | ||||||||||||
Adjusted loss for the period | $ | (17,934 | ) | $ | (9,904 | ) | $ | (62,287 | ) | $ | (35,678 | ) | ||||
Loss per share | ||||||||||||||||
Basic and diluted loss per share | $ | (0.33 | ) | $ | (0.22 | ) | $ | (1.33 | ) | $ | (0.93 | ) | ||||
Adjusted basic and diluted loss per share | $ | (0.28 | ) | $ | (0.21 | ) | $ | (1.13 | ) | $ | (0.84 | ) | ||||
Number of shares used in computing basic and diluted loss per share | 63,857,604 | 47,741,700 | 55,299,863 | 42,350,757 |
Notes to the Reconciliation of IFRS to Adjusted Financial Measures Tables
(1) | Amortization of capitalized research and development expenses consists of software development costs amortized using the straight-line method over an estimated life of five years. These expenses do not have a cash impact but remain a recurring expense generated over the course of our research and development initiatives. |
(2) | Custom inventory write-off consists of expenses associated with the write-off of inventory related to the cancellation of a customer contract due to the acquisition of the customer. The inventory was specifically procured to satisfy a contract and could not be liquidated, sold, or otherwise marketed to other customers due to the nature of the contract. Given the unusual nature of the cancellation, and overall scarcity of contract cancellations, these expenses are not expected to be a recurring event in our business. |
(3) | Damaged inventory write-off consists of expenses associated with the write-off of inventory that were damaged as a result of a refrigeration equipment malfunction. These expenses are not expected to be a recurring event in our business, but we expect such expenses could still be incurred from time to time. |
(4) | Amortization of intangible assets consists of costs related to intangible assets amortized over the course of their useful lives. These expenses do not have a cash impact, but we could continue to generate such expenses through future capital investments. |
(5) | Share-based compensation expense represents the cost of equity awards issued to our directors, officers, and employees. The fair value of awards is computed at the time the award is granted and is recognized over the vesting period of the award by a charge to the income statement and a corresponding increase in other reserves within equity. These expenses do not have a cash impact but remain a recurring expense for our business and represent an important part of our overall compensation strategy. |
(6) | Non-cash pension expense consists of the amount recognized in excess of actual contributions made to our defined pension plans to match actuarial expenses calculated for IFRS purposes. The difference represents a non-cash expense but remain a recurring expense for our business as we continue to make contributions to our plans for the foreseeable future. |
(7) | Non-recurring IPO-related expenses represent expenses incurred for our initial public offering that were not capitalized and are not expected to be recurring during the ordinary course of our business. |
(8) | Change in fair value of derivative consists of changes in the fair valuation of the derivative related to the success fee owed to TriplePoint Capital LLC upon the completion of our initial public offering. We paid the fee in September 2021 and, as a result, we ceased to incur expenses resulting from the change in fair value of such derivative. |
General Inquiries
SOPHiA GENETICS
La Pièce 12, CH-1180
Rolle, Switzerland
+41 21 694 10 60
Transfer Agent
Computershare Trust Company, N.A.
Courier Delivery:
P.O. Box 43006
Providence RI 02940-3006
Overnight Delivery:
150 Royall St. STE 101
Canton, MA 02021
877.373.6374
www.computershare.com