Natera Q1 2021 Earnings Report
Key Takeaways
Natera reported a record quarter with total revenues of $152.3 million, a 62% increase compared to the first quarter of 2020. The company processed approximately 348,200 tests and increased its revenue forecast for the year by $50 million.
Total revenues increased by 62% to $152.3 million compared to Q1 2020.
Product revenues increased by 36% to $118.4 million compared to Q1 2020.
Approximately 348,200 tests were processed in Q1 2021.
Increased revenue forecast for the year by $50 million.
Natera
Natera
Natera Revenue by Segment
Forward Guidance
Natera anticipates 2021 total revenue of $550 million to $575 million; 2021 gross margin to be approximately 52% to 55% of revenues; selling, general and administrative costs to be approximately $440 million to $460 million; research and development costs to be $165 million to $185 million, and net cash burn to be $230 million to $250 million.
Positive Outlook
- 2021 total revenue of $550 million to $575 million
- 2021 gross margin to be approximately 52% to 55% of revenues
- Selling, general and administrative costs to be approximately $440 million to $460 million
- Research and development costs to be $165 million to $185 million
- Net cash burn to be $230 million to $250 million