Updated: Myriad Genetics to Participate in Two Upcoming Investor Healthcare Conferences
SALT LAKE CITY, May 14, 2025 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc. (NASDAQ: MYGN), a leader in molecular diagnostic testing and precision medicine, today announced that management plans to participate in the following investor healthcare conferences:
The BofA Securities 2025 Health Care Conference – fireside chat at 6:00 pm ET (updated) on Wednesday, May 14, 2025.
Goldman Sachs 46th Annual Global Healthcare Conference – fireside chat at 2:00 pm ET on Wednesday, June 11, 2025.
Live and archived webcasts of all presentations can be viewed at investor.myriad.com.
About Myriad GeneticsMyriad Genetics is a leading molecular diagnostic testing and precision medicine company dedicated to advancing health and well-being for all. Myriad Genetics develops and offers molecular tests that help assess the risk of developing disease or disease progression and guide treatment decisions across medical specialties where molecular insights can significantly improve patient care and lower healthcare costs. For more information, visit www.myriad.com.
Investor Contact Matt Scalo (801) 584-3532 IR@myriad.com
Media Contact Kate Schraml(224) 875-4493PR@myriad.comSign in to access your portfolio
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TOKYO, Aug. 14, 2025 /PRNewswire/ -- Robot Consulting Co., Ltd. (Nasdaq: LAWR) (the "Company" or "Robot Consulting"), a Japanese platform service provider focusing on human resource solutions with an intention to expand into legal technology and the metaverse, today announced its financial results for the fiscal year ended March 31, 2025. Fiscal Year 2025 Financial Summary Revenue was JPY675.6 million ($4.5 million) in the fiscal year ended March 31, 2025, compared to JPY693.1 million in the fiscal year ended March 31, 2024. Gross profit was JPY671.6 million ($4.5 million) in the fiscal year ended March 31, 2025, compared to JPY673.3 million in the fiscal year ended March 31, 2024. Net loss was JPY534.7 million ($3.6 million) in the fiscal year ended March 31, 2025, a decrease of 19.2% from JPY662.0 million in the fiscal year ended March 31, 2024. Basic and diluted loss per share was JPY12.7 in the fiscal year ended March 31, 2025, compared to JPY16.1 in the fiscal year ended March 31, 2024. Mr. Amit Thakur, Director and Chief Executive Officer of Robot Consulting, remarked, "In fiscal year 2025, we achieved notable progress in our software business while continuing to streamline our operations. Our software revenue increased by 101.0% year over year, driven by the continued adoption of our Labor Robot platform since its launch in 2023. This growth reinforces our commitment to delivering innovative solutions that meet evolving customer needs. We also achieved substantial cost improvements, with the cost of revenue down 80.2% and selling, general, and administrative expenses reduced by 8.3%, resulting in a narrower net loss compared to the prior fiscal year. "A major recent milestone was our successful listing on the Nasdaq Capital Market under the ticker symbol 'LAWR' on July 17, 2025. We anticipate that this achievement will enhance our visibility with global investors, broaden our access to capital, and provide the Company with the resources needed to accelerate innovation. "Looking ahead, we remain focused on growing the market reach of our products while enriching our product portfolio. We are currently in the process of developing and incorporating desired features to the prototype of Robot Lawyer, with a plan to launch it in November 2025. Together with our growth initiatives and supported by our ongoing operational improvements, we believe these efforts will position us to capture new opportunities, strengthen our market presence, and deliver sustainable value for our shareholders over the long term." Fiscal Year 2025 Financial Results Revenue Revenue was JPY675.6 million ($4.5 million) in the fiscal year ended March 31, 2025, a decrease of 2.5% from JPY693.1 million in the fiscal year ended March 31, 2024. The decrease was primarily driven by the following factors: Revenue from sales of software was JPY151.0 million ($1.0 million) in the fiscal year ended March 31, 2025, an increase of 101.0% from JPY75.1 million in the fiscal year ended March 31, 2024. Since the Company released its software, Labor Robot, in 2023, the number of accumulated users increased, with more users as of the fiscal year ended March 31, 2025 compared to the prior fiscal year 2024, which resulted in higher revenue in the fiscal year ended March 31, 2025. Revenue from consulting and support services was JPY524.6 million ($3.5 million) in the fiscal year ended March 31, 2025, a decrease of 15.1% from JPY618.0 million in the fiscal year ended March 31, 2024, as the Company discontinued the e-commerce store set-up services and had no revenue from such services during the fiscal year ended March 31, 2025. Cost of Revenue Cost of revenue was JPY3.9 million ($26,000) in the fiscal year ended March 31, 2025, a decrease of 80.2% from JPY19.8 million in the fiscal year ended March 31, 2024. The decrease was primarily due to the discontinuation of e-commerce store set-up services, which had a higher cost of revenue relative to total revenue. Gross Profit Gross profit was JPY671.6 million ($4.5 million) in the fiscal year ended March 31, 2025, a decrease of 0.2% from JPY 673.3 million in the fiscal year ended March 31, 2024. Operating Expenses Operating expenses were JPY1,205.8 million ($8.0 million) in the fiscal year ended March 31, 2025, a decrease of 9.0% from JPY1,325.1 million in the fiscal year ended March 31, 2024. Research and development expenses were JPY86.2 million ($0.6 million) in the fiscal year ended March 31, 2025, a decrease of 16.7% from JPY103.4 million in the fiscal year ended March 31, 2024. The decrease was primarily due to reduced software development costs related to Lawyer Robot incurred during the fiscal year ended March 31, 2024. Selling, general, and administrative expenses were JPY1,119.6 million ($7.5 million) in the fiscal year ended March 31, 2025, a decrease of 8.3% from JPY1,221.6 million in the fiscal year ended March 31, 2024. The decrease was primarily due to lower audit-related expenses. Other Income (Expenses), net and Interest Expenses Other expenses were JPY0.5 million ($3,000) in the fiscal year ended March 31, 2025, a decrease of 95% from JPY10.2 million in the fiscal year ended March 31, 2024. The decrease was primarily due to the impairment loss on investments as non-recurring expenses in the fiscal year ended March 31, 2024. Net Loss Net loss was JPY534.7 million ($3.6 million) in the fiscal year ended March 31, 2025, a decrease of 19.2% from JPY662.0 million in the fiscal year ended March 31, 2024. Basic and Diluted Loss per Share Basic and diluted loss per share was JPY12.7 in the fiscal year ended March 31, 2025, compared to JPY16.1 in the fiscal year ended March 31, 2024. Financial Condition As of March 31, 2025, the Company had cash and cash equivalents of JPY112.0 million, compared to JPY471.6 million as of March 31, 2024. Net cash used in operating activities was JPY283.0 million in the fiscal year ended March 31, 2025, compared to JPY317.1 million in the fiscal year ended March 31, 2024. Net cash used in investing activities was JPY13.1 million in the fiscal year ended March 31, 2025, compared to JPY8.9 million in the fiscal year ended March 31, 2024. Net cash used in financing activities was JPY63.6 million in the fiscal year ended March 31, 2025, compared to net cash provided by financing activities of JPY346.4 million in the fiscal year ended March 31, 2024. Exchange Rate Information This announcement contains translations of certain JPY amounts into U.S. dollars for the convenience of the reader. Translations of amounts from JPY into U.S. dollars have been made at the exchange rate of JPY149.9 = $1.00, which was the foreign exchange rate on March 31, 2025 as reported by the Board of Governors of the Federal Reserve System in its weekly release on April 7, 2025. About Robot Consulting Co., Ltd. Robot Consulting Co., Ltd. is a Japanese platform service provider focusing on human resource solutions with an intention to expand into legal technology and the metaverse. The Company's major product, "Labor Robot," is a cloud-based human resource management system that helps users track employee attendance, manage sales orders, and journalize accounting items. Robot Consulting also assists users with grant and subsidy applications and provides consulting and support services for digital transformation to small and medium-sized businesses. Robot Consulting also aims to create more software and services related to digital transformation, legal technology, and the metaverse. The Company is currently developing "Robot Lawyer," which will enable users to pose metaverse-related legal questions on certain metaverse platforms through Robot Lawyer's AI-powered chat interface, search legal precedents through an AI-driven search engine, and access lawyer matching services for further legal consultation. For more information, please visit the Company's website: Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may," or other similar expressions in this prospectus. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission ("SEC"). Additional factors are discussed in the Company's filings with the SEC, which are available for review at For more information, please contact: Robot Consulting Co., Relations DepartmentEmail: ir@ Ascent Investor Relations LLCTina XiaoPhone: +1-646-932-7242Email: investors@ BALANCE SHEETS As of March 31, 2025 and 2024 (Yen in thousands, except share data)2025 2024March 31,2025 2024 ASSETS Current Assets: Cash and cash equivalents¥ 112,012 ¥ 471,648Accounts receivable, net 21,41284,424Related party receivable —9,304Deferred offering costs 131,03567,470Prepaid expenses and other current assets 13,04176,538Total Current Assets 277,500709,384Non-current Assets: Restricted cash 19,47019,470Property and equipment, net 6,9461,929Operating lease right-of-use assets, net 8806,778Intangible assets, net 7,1041,962Investments - Non-current 134134Other assets 1,9383,888Total Assets¥ 313,972 ¥ 743,545 LIABILITIES AND SHAREHOLDERS' DEFICIT Current Liabilities: Trade accounts payable¥ 113,962 ¥ 368,883Other payable 58,15064,765Accrued expenses 1,614936Deferred revenue - Current 351,937130,824Current portion of operating lease liabilities 4026,523Total Current Liabilities 526,065571,931Non-current Liabilities: Non-current operating lease liabilities 479255Deferred revenue - Non-current 412,996268,589Other liabilities 25,81719,470Total Liabilities 965,357860,245Commitments and contingencies (Note 10) SHAREHOLDERS' DEFICIT: Ordinary share, JPY1.7 par value - 168,000,000 shares authorized as ofMarch 31, 2025 and 2024; 42,210,000 shares issued and outstanding as of March 31, 2025 and 2024 70,35070,350Additional paid-in capital 1,060,7501,060,750Accumulated deficit (1,782,485)(1,247,800)Total Shareholders' Deficit (651,385)(116,700)Total Liabilities & Shareholders' Deficit¥ 313,972 ¥ 743,545 STATEMENTS OF OPERATIONS For the Fiscal Years Ended March 31, 2025, 2024 and 2023 (Yen in thousands, except share and per share data)2025 2024 2023For the Fiscal Years Ended March 31,2025 2024 2023RestatedRevenue¥ 675,561 ¥ 693,104 ¥ 83,597Cost of revenue 3,93619,84870,622Gross profit 671,625673,25612,975Operating expenses: Research and development 86,158103,440138,322Selling, General and Administrative Expenses 1,119,6411,221,614342,670Total operating expenses 1,205,7991,325,054480,992Loss from operations (534,174)(651,798)(468,017)Other income (expenses), net (511)(10,168)(10,591)Interest expenses ——(25)Loss before income taxes (534,685)(661,966)(478,633)Provision for income taxes ———Net Loss¥ (534,685) ¥ (661,966) ¥ (478,633)Net loss per share attributable to shareholders, basicand diluted¥ (12.7) ¥ (16.1) ¥ (12.3)Weighted-average shares outstanding used to compute net loss per share, basic and diluted 42,210,00041,127,79738,882,926 STATEMENTS OF CASH FLOWS For the Fiscal Years Ended March 31, 2025, 2024, and 2023 (Yen in thousands)2025 2024 2023For the Fiscal Years Ended March 31, 2025 2024 2023RestatedCash flows from operating activities: Net loss¥ (534,685) ¥ (661,966) ¥ (478,633)Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 2,8921,832220Noncash lease expenses 6,6436,1792,968Loss on disposal of property and equipment ——592Impairment loss on investments —10,00010,000Change in allowance for credit losses (7,044)—Accounts receivable 70,056(2,441)(81,983)Related party receivable 9,304(7,230)(2,073)Prepaid expenses and other current assets 63,495(51,507)(9,555)Other Assets 1,950(2,297)(594)Accounts payable and accrued expenses (260,857)220,609189,607Deferred revenue 365,520175,942219,185Operating lease liabilities (6,643)(6,179)(2,968)Other liabilities 6,350—19,470Net cash used in operating activities (283,019)(317,058)(133,764)Cash flows from investing activities: Purchase of property and equipment (7,587)(3,339)(437)Purchase of intangible assets (5,464)(2,101)—Acquisition of investments —(10,000)(10,134)Proceeds from sales of investment —6,552—Net cash used in investing activities (13,051)(8,888)(10,571)Cash flows from financing activities: Payment for deferred offering costs (63,566)(22,015)(45,454)Proceeds from stock issuance —338,600335,500Proceeds received for subscription receivable —29,83417,327Net cash provided by financing activities (63,566)346,419307,373Net increase in cash, cash equivalents and restrictedcash (359,636)20,473163,038Cash, cash equivalents and restricted cash at beginning of period 491,118470,645307,607Cash, cash equivalents and restricted cash at end of period¥ 131,482 ¥ 491,118 ¥ 470,645 Reconciliation of cash, cash equivalents and restricted cash Cash and cash equivalents¥ 112,012 ¥ 471,648 ¥ 451,175Restricted cash 19,47019,47019,470Total cash, cash equivalents and restricted cash¥ 131,482 ¥ 491,118 ¥ 470,645 View original content: SOURCE Robot Consulting Co., Ltd. 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