OraSure Technologies Inc. (NASDAQ:$OSUR) has been consistently raising its bottom line over the past few years, and here’s how:
OraSure Technologies’ most recent bottom line was $31 million. That alone has risen substantially since last year’s report, as much as 79.86%. In fact, they have grown their bottom line faster than their revenue, and they have done this by controlling costs. Controlling costs has given them margin expansion and profitability over time.
This is likely linked to the industry on the whole. On average, the US healthcare equipment and supplies industry has grown its earnings by 15.51% in the past year (and 8.10% over the past couple of years). With the industry benefitting, OraSure Technologies benefits too.
Catching the tailwinds of the growing industry, on the whole, OraSure Technologies has managed to use that to their advantage and increased their bottom line.
Featured Image: Depositphotos/© Petrovich99
