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Dec 31, 2024

Natera Q4 2024 Earnings Report

Expected Revenue:$410M
+36.6% YoY
Expected EPS:-$0.5
+31.5% YoY

Key Takeaways

Natera's Q4 2024 revenue increased by 53% year-over-year to $476.1 million, primarily due to higher product revenue. The company processed 792,800 tests in the quarter, up 26.5% from Q4 2023. Gross margin improved to 62.9%, reflecting cost efficiencies. Net loss narrowed to $53.8 million from $78.0 million in the previous year.

Q4 2024 revenue grew 53% to $476.1 million, driven by strong product sales.

Gross margin improved to 62.9% from 51.4% in Q4 2023.

Processed 792,800 tests, up 26.5% year-over-year.

Net loss reduced to $53.8 million from $78.0 million in Q4 2023.

Total Revenue
$476M
Previous year: $311M
+53.0%
EPS
$0
Previous year: -$0.65
-100.0%
Tests Processed
792.8K
Previous year: 626.8K
+26.5%
Tests Accessioned
778.4K
Previous year: 610.1K
+27.6%
Total Tests Reported
771.7K
Previous year: 619.8K
+24.5%
Gross Profit
$300M
Previous year: $160M
+87.4%
Cash and Equivalents
$946M
Previous year: $879M
+7.6%
Free Cash Flow
$45.7M
Previous year: -$67.7M
-167.5%
Total Assets
$1.66B
Previous year: $1.44B
+15.2%

Natera

Natera

Forward Guidance

Natera anticipates strong revenue growth in 2025, with revenue expected to reach between $1.87 billion and $1.95 billion, while maintaining a gross margin of 60% to 64%.

Positive Outlook

  • Expected revenue growth to $1.87 billion - $1.95 billion in 2025.
  • Gross margin projected to be in the range of 60% to 64%.
  • Continued test volume expansion expected to drive revenue growth.
  • Ongoing operational efficiencies expected to improve profitability.
  • Strong cash position to support future growth and innovation.

Challenges Ahead

  • Potential challenges in reimbursement policies could impact revenue.
  • Higher R&D expenses expected due to new product investments.
  • Competitive pressures in the genetic testing market remain high.
  • Regulatory uncertainties could impact future test offerings.
  • Macroeconomic conditions may affect healthcare spending and adoption rates.