CareDx Reports Third Quarter 2024 Results and Raises Revenue Guidance
CareDx, Inc. (CDNA)
Last caredx, inc. earnings: 4/30 04:05 pm
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US:NASDAQ Investor Relations:
investors.caredxinc.com
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Source: Business Wire
BRISBANE, Calif.--(BUSINESS WIRE)--CareDx, Inc. (Nasdaq: CDNA) – today announced financial results for the third quarter ended September 30, 2024.Third Quarter 2024 Financial HighlightsTotal revenue of $82.9 million increased 23% year-over-yearTesting Services volume of 44,600 tests increased 16% year-over-yearGAAP net loss of $7.4 million, non-GAAP net income of $8.0 million, and positive adjusted EBITDA of $6.9 million, a significant improvement from the third quarter 2023Cash flow from operations of $12.5 million. Cash, cash equivalents, and marketable securities of $241 million, with no debtRaised annual revenue guidance to $327 to $331 million and adjusted EBITDA to a gain of $18 to $22 millionBusiness HighlightsCMS reaffirmed longstanding Medicare coverage for AlloSure® and AlloMap® TestingSurveillance testing mix in kidney began to increase in the second half of September and continued through OctoberHired industry veterans Keith Kennedy, Chief Operating Officer; Jessica Me
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News
- Are Medical Stocks Lagging CareDx (CDNA) This Year? [Yahoo! Finance]Yahoo! Finance
- CareDx to Participate in Upcoming Investor ConferencesBusiness Wire
- Accelerated Testing Volume Lifted CareDx (CDNA) in Q3 [Yahoo! Finance]Yahoo! Finance
- CareDx Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- CareDx, Inc (NASDAQ: CDNA) had its price target lowered by analysts at BTIG Research from $40.00 to $35.00. They now have a "buy" rating on the stock.MarketBeat
CDNA
Earnings
- 11/4/24 - Beat
CDNA
Sec Filings
- 11/8/24 - Form 4
- 11/8/24 - Form SC
- 11/5/24 - Form 4
- CDNA's page on the SEC website