Natera Q1 2022 Earnings Report
Key Takeaways
Natera reported a 27.5% increase in total revenues to $194.1 million for the first quarter of 2022, driven by a 57.8% increase in product revenues. The company processed 489,300 tests and reported a net loss of $138.6 million, or ($1.45) per diluted share. They are raising their 2022 revenue forecast by $20 million.
Total revenues increased by 27.5% to $194.1 million compared to Q1 2021.
Product revenues increased by 57.8% to $190.0 million compared to Q1 2021.
Approximately 489,300 tests were processed in Q1 2022.
Net loss for Q1 2022 was $138.6 million, or ($1.45) per diluted share.
Natera
Natera
Forward Guidance
Natera anticipates 2022 total revenue of $790 million to $810 million; 2022 gross margin to be approximately 46% to 48% of revenues; selling, general and administrative costs to be approximately $560 million to $590 million; research and development costs to be $340 million to $360 million, and net cash consumption to be $370 million to $400 million.