Natera Q2 2021 Earnings Report
Key Takeaways
Natera reported a strong second quarter with a 64.2% increase in total revenue compared to the same period last year. The company processed more tests, achieved higher gross margins, and increased revenue guidance for the year.
Total revenues increased by 64.2% to $142.0 million compared to Q2 2020.
Product revenues increased by 70.7% to $137.2 million compared to Q2 2020.
Approximately 375,700 tests were processed in Q2 2021, compared to 234,100 tests in Q2 2020.
Gross profit increased to $65.9 million, representing a gross margin of 46.4%.
Natera
Natera
Forward Guidance
Natera anticipates 2021 total revenue of $600 million to $620 million; 2021 gross margin to be approximately 52% to 55% of revenues; selling, general and administrative costs to be approximately $500 million to $520 million; research and development costs to be $220 million to $230 million, and net cash burn to be $300 million to $340 million.