Company: CSTL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001447362-25-000031
Chunk: 51

Company: CASTLE BIOSCIENCES INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 51
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 will complement and expand our test offerings.

Acquisitions

From time to time, we may consider engaging in transactions such as acquisitions of businesses, assets, products or technologies, as well as technology licenses or investments in complementary businesses where we believe strategic opportunities exist.

In April 2022, we acquired AltheaDx, a commercial-stage molecular diagnostics company specializing in the field of PGx testing services, for total consideration of $47.6 million, consisting of $30.5 million in cash and $17.1 million in shares of our common stock, adding the IDgenetix test to our portfolio.

In December 2021, we acquired Cernostics, Inc. (“Cernostics”) and the TissueCypher platform for $30.7 million in cash consideration. In May 2021, we acquired Myriad myPath, LLC and MyPath Melanoma test from Myriad Genetics, Inc. for $32.5 million in cash consideration.

7

Test Report Volume and Revenue

The number of test reports we generate is a key indicator that we use to assess our business. Since our inception, we have delivered more than 315,000 clinical patient test reports across our product portfolio. The numbers of test reports delivered by us and our net revenues during the past five years are presented in the table below:

Years Ended December 31,20242023202220212020DecisionDx-Melanoma36,00833,33027,80320,32816,232DecisionDx‑SCC(1)16,34811,4425,9673,510485Diagnostic GEP offering(2)3,9093,9623,5612,66273Dermatologic Total56,26548,73437,33126,50016,790DecisionDx-UM1,6991,6741,7111,6181,395TissueCypher(3)20,9569,1002,12827—IDgenetix(4)17,15110,9213,249——Grand Total96,07170,42944,41928,14518,185Net Revenues (in thousands)$332,069 $219,788 $137,039 $94,085 $62,649 

(1)On August 31, 2020, we commercially launched our cutaneous SCC proprietary GEP test for use in patients with one or more risk factors.

(2)Includes My