NASDAQ$CDNA

CareDx Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Achieved record revenue driven by testing services volume growth.

CareDx reported a strong third quarter with record revenue of $75.6 million, a 42% increase year-over-year. Testing services volume grew 86% year-over-year. The company increased its full-year revenue guidance to $290 million to $293 million.

  • Achieved record revenue of $75.6 million, a 42% increase year-over-year.
  • Testing services volume grew 86% year-over-year, with approximately 40,000 AlloSure and AlloMap patient results.
  • Announced publication of KidneyCare validation study in Kidney360.
  • Received first commercial AlloSure Lung coverage and launched AlloSure Lung commercially.

Headline financials

Total Revenue

$75.6M

Previous: $53.4M+41.6%
EPS (adj)

$0.07

Previous: $0.10-30.0%
Capital Expenditures

-$7.71M

Previous: -$6.67M-15.6%
Free Cash Flow

-$19.6M

Previous: -$9.49M-106.7%
Net Income

-$11.9M

Previous: -$2.82M-322.2%
Operating Income

-$8.73M

Previous: -$2.91M-200.2%
Gross Profit

$50.8M

Previous: $36.6M+38.8%
Cash & Equivalents

$353M

Previous: $214M+65.1%
Total Assets

$563M

Previous: $354M+59.3%
Stock-Based Comp

$10.6M

Previous: $6.75M+57.6%

Revenue & EPS history

CareDx · Revenue · Quarterly

$75.6M

Q3 2021+41.6%vs Q3 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

CareDx · $75.6M total across 3 segments · Q3 2021

  • Testing Services
    $66.5M+46.2%
  • Product Revenue
    $6.5M+20.4%
  • Patient and Digital Solutions
    $2.6M+4.0%

Forward guidance

CareDx now expects revenue to be in the range of $290 million to $293 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 Q3 2021

Historical avgQ3 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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