CareDx reported a 15% decrease in revenue compared to the third quarter of 2022, but a 7% increase compared to the second quarter of 2023, excluding a Medicare claims billing adjustment. Testing services saw a slight increase in patient results compared to the previous quarter. The company raised its revenue guidance for the full year 2023 to $274 to $278 million.
Revenue was $67.2 million, a 15% decrease year-over-year, but a 7% increase compared to the second quarter of 2023, excluding Medicare claims billing adjustments.
Testing Services patient results grew to 38,400, a 2% increase compared to the second quarter of 2023.
Digital Solutions and Products revenue reached $9.9 million and $9.5 million, respectively, representing a 33% year-over-year growth for both.
Cash and cash equivalents and marketable securities totaled $268.2 million with no debt.
CareDx expects revenue to be in the range of $274 to $278 million for the full year 2023.
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