NASDAQ$CDNA

CareDx Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported an 18% increase in revenue year-over-year, driven by growth in testing services, product revenue, and patient and digital solutions.

CareDx reported a strong first quarter in 2022, with revenue reaching $79.4 million, an 18% increase compared to the same period last year. The company saw growth across all its revenue segments, including testing services, product revenue, and patient and digital solutions. However, the company experienced a net loss of $19.6 million, a significant increase compared to the net loss of $0.7 million in the first quarter of 2021.

  • Total revenue reached $79.4 million, an 18% increase year-over-year.
  • Approximately 42,600 AlloSure and AlloMap patient results were provided.
  • Tx Access was incorporated into the AlloCare app to aid pre-transplant patients.
  • A jury found Natera made false advertising claims, awarding CareDx $44.9M in damages.

Headline financials

Total Revenue

$79.4M

Previous: $67.4M+17.8%
EPS (adj)

-$0.13

Previous: $0.14-192.9%
Free Cash Flow

-$19.6M

Previous: -$1.94M-914.4%
Net Income

-$19.6M

Previous: -$687K-2760.0%
Operating Income

-$19.1M

Previous: -$858K-2120.6%
Gross Profit

$52.5M

Previous: $45.8M+14.7%
Cash & Equivalents

$172M

Previous: $309M-44.4%
Total Assets

$547M

Previous: $541M+1.0%
Stock-Based Comp

$10.6M

Previous: $6.55M+62.4%

Revenue & EPS history

CareDx · Revenue · Quarterly

$79.4M

Q1 2022+17.8%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

CareDx · $73.2M total across 2 segments · Q1 2022

  • Testing Services
    $66.4M+12.0%
  • Product Revenue
    $6.79M+17.0%

Forward guidance

CareDx reiterates its revenue expectations in the range of $330 million to $350 million for the full year 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+2.4%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+7.1%

Avg return

30 days after

54%

28 / 52 earnings

Positive

+45.7%

Q1 2024

Best reaction

-24.3%

Q3 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.3%-1.6%+3.8%
Q4 2025-4.3%-2.6%-12.8%
Q3 2025-1.8%+5.8%+31.4%
Q1 2025-10.7%-16.0%+0.7%
Q4 2024-0.2%-3.8%-14.9%
Q3 2024+1.1%+4.5%+14.5%
Q2 2024+25.7%+26.3%+63.8%
Q1 2024+45.7%+49.7%+49.4%
Q4 2023+12.1%+27.3%+11.6%
Q3 2023+8.7%+19.5%+48.0%
Q2 2023-9.3%-17.6%-23.5%
Q1 2023-2.0%-2.2%-8.7%
Q4 2022+16.4%-37.9%-37.0%
Q3 2022-16.5%-14.4%-31.1%
Q2 2022+7.7%-4.2%-25.2%
Q1 2022-24.3%-32.1%-23.9%
Q4 2021+10.3%+7.2%+6.6%
Q3 2021-24.3%-26.9%-37.1%
Q2 2021-2.5%-4.9%-7.4%
Q1 2021-1.9%-10.0%+9.3%
Q4 2020+2.7%+13.2%-20.3%
Q3 2020-3.1%-2.4%+13.5%
Q2 2020+5.2%-0.9%-4.3%
Q1 2020-0.0%+9.6%+19.6%
Q4 2019-5.6%-13.2%-11.5%
Q3 2019-11.8%-23.8%-21.6%
Q2 2019+6.8%-15.7%-30.4%
Q1 2019+15.0%+12.6%+30.6%
Q4 2018+7.5%+10.2%-10.1%
Q3 2018-9.8%-10.2%-6.0%
Q2 2018+15.3%+14.6%+73.1%
Q1 2018-2.1%-2.6%+35.1%
Q4 2017+24.1%+28.5%+51.8%
Q3 2017+6.2%+6.6%+31.0%
Q2 2017+9.2%+26.8%+109.9%
Q1 2017-4.6%-3.7%+14.7%
Q4 2016+5.1%-12.2%+13.7%
Q3 2016+1.3%+3.9%-24.7%
Q2 2016-1.0%-2.9%-5.3%
Q1 2016+6.0%
Q4 2015+7.7%
Q3 2015+5.0%
Q2 2015-1.6%
Q1 2014-0.4%
Q1 2015-0.8%
Q4 2012+0.5%
Q4 2014-1.8%
Q3 2013-1.0%
Q3 2014+17.2%
Q2 2013+0.2%
Q4 2013+0.2%
Q2 2014+1.9%
Q1 2013

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