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Mar 31, 2024
CareDx Q1 2024 Earnings Report
CareDx reported first quarter revenue of $72.0 million and raised 2024 revenue guidance to $274 to $282 million.
Key Takeaways
CareDx reported a decrease of 7% in revenue compared to Q1 2023, but a 10% increase compared to Q4 2023. The company is raising its full year 2024 revenue guidance to $274 million to $282 million.
First quarter revenue was reported at $72.0 million.
Testing Services revenue reached $53.8 million, a 15% increase compared to the fourth quarter 2023.
Testing services patient results grew for the third consecutive quarter to approximately 42,000, a 6% increase compared to the fourth quarter 2023.
The company ended the quarter with approximately $216 million in cash, cash equivalents, and marketable securities, with no debt.
Revenue by Segment
Forward Guidance
CareDx is raising guidance for the full year 2024 revenue which is expected to be in the range of $274 million to $282 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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