NASDAQ$CDNA

CareDx Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported a revenue growth of 77% for the second quarter of 2021.

CareDx reported a strong second quarter in 2021, with a 77% increase in revenue compared to the same period last year. The company's total revenue reached $74.2 million, driven by growth in testing services and product revenue. They increased full year revenue guidance to $280 million to $290 million.

  • Total revenue reached $74.2 million, a 77% increase year-over-year.
  • Approximately 37,400 AlloSure and AlloMap patient results were provided, including 6,600 AlloSure Heart patient results.
  • Over 65 U.S.-based transplant centers have adopted an AlloSure Kidney testing protocol.
  • TX Connect manages over 29,000 transplant referrals to over 50 transplant centers from more than 800 dialysis centers and community nephrology practices.

Headline financials

Total Revenue

$74.2M

Previous: $41.8M+77.5%
EPS (adj)

$0.11

Previous: $0.04+175.0%
Capital Expenditures

-$4.09M

Previous: -$3.43M-19.0%
Free Cash Flow

-$6.02M

Previous: -$9.99M+39.8%
Net Income

-$1.93M

Previous: -$6.56M+70.6%
Operating Income

-$4.74M

Previous: -$10.8M+56.1%
Gross Profit

$50.2M

Previous: $26.8M+87.5%
Cash & Equivalents

$336M

Previous: $211M+58.8%
Total Assets

$557M

Previous: $345M+61.7%
Stock-Based Comp

$9.4M

Previous: $6.42M+46.5%

Revenue & EPS history

CareDx · Revenue · Quarterly

$74.2M

Q2 2021+77.5%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

CareDx · $74.2M total across 3 segments · Q2 2021

  • Testing Services
    $64.9M+78.8%
  • Product Revenue
    $6.9M+109.1%
  • Patient and Digital Solutions
    $2.4M+9.1%

Forward guidance

CareDx now expects revenue to be in the range of $280 million to $290 million for the full year 2021.

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 Q2 2021

Historical avgQ2 2021

+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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