NASDAQ$NTRA

Natera Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Natera reported a strong quarter with record volumes and continued progress on key clinical and data milestones.

Natera reported a 33.2% increase in total revenues, reaching $210.6 million in Q3 2022 compared to $158.1 million in Q3 2021. The growth was driven by a 29.8% increase in product revenues, totaling $199.8 million, and a 27.1% increase in test volumes, with approximately 517,500 tests processed.

  • Total revenues increased by 33.2% to $210.6 million compared to Q3 2021.
  • Product revenues increased by 29.8% to $199.8 million compared to Q3 2021.
  • Approximately 517,500 tests were processed, a 27.1% increase compared to Q3 2021.
  • Net loss was $121.5 million, or ($1.25) per diluted share, compared to a net loss of $151.3 million, or ($1.63) per diluted share, for the same period in 2021.

Headline financials

Total Revenue

$211M

Previous: $158M+33.2%
EPS (adj)

-$1.25

Previous: -$1.63+23.3%
Tests processed

517.5K

Previous: 407.3K+27.1%
Tests accessioned

502.9K

Previous: 394.2K+27.6%
Tests reported

483.0K

Previous: 373.1K+29.5%
Tests reported (lab)

469.2K

Previous: 360.7K+30.1%
Capital Expenditures

-$35.9M

Previous: -$32M-12.0%
Free Cash Flow

-$157M

Previous: -$183M+14.2%
Net Income

-$121M

Previous: -$151M+19.7%
Operating Income

-$119M

Previous: -$150M+20.7%
Gross Profit

-$615K

Previous: -$380K-61.8%
Cash & Equivalents

$57M

Previous: $95.1M-40.0%
Total Assets

$1.01B

Previous: $1.31B-23.0%
Stock-Based Comp

$40.3M

Previous: $26.5M+52.4%

Revenue & EPS history

Natera · Revenue · Quarterly

$211M

Q3 2022+33.2%vs Q3 2021
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

Natera · $33.9M total across 1 segment · Q1 2021

  • Licensing and other revenues
    $33.9M

Forward guidance

Natera anticipates 2022 total revenue of $810 million to $830 million; 2022 gross margin to be approximately 44% to 47% of revenues; selling, general and administrative costs to be approximately $575 million to $590 million; research and development costs to be $320 million to $340 million, and net cash consumption to be approximately $450 million.

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 2022

Historical avgQ3 2022

+4.4%

Avg return

Earnings day

+4.4%

Avg return

5 days after

+6.0%

Avg return

30 days after

69%

31 / 45 earnings

Positive

+29.1%

Q2 2017

Best reaction

-21.2%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.0%-5.2%+0.0%
Q4 2025-3.8%-6.0%-15.5%
Q3 2025+0.7%+5.6%+23.2%
Q1 2025-6.9%-6.9%+0.7%
Q4 2024-0.7%-5.5%-8.1%
Q3 2024+20.2%+9.0%+24.2%
Q2 2024+14.2%+18.6%+12.5%
Q1 2024+10.1%+10.3%+16.2%
Q4 2023+13.6%+18.4%+20.1%
Q3 2023+4.0%+11.2%+33.2%
Q2 2023+16.1%+20.0%+42.3%
Q1 2023-3.6%-3.8%-8.1%
Q4 2022+14.1%+22.2%+14.1%
Q3 2022-13.2%-5.3%-9.2%
Q2 2022+5.1%+3.7%-2.7%
Q1 2022-2.0%-18.5%+0.5%
Q4 2021+10.2%+5.9%-34.7%
Q3 2021+3.6%+1.2%-22.7%
Q2 2021+2.4%-7.7%+8.1%
Q1 2021-2.9%-14.0%-7.1%
Q4 2020+2.9%+4.6%-17.0%
Q3 2020+9.3%+2.3%+16.5%
Q2 2020+11.8%+4.0%+31.2%
Q1 2020+19.8%+28.3%+11.6%
Q4 2019+6.4%+5.6%-27.3%
Q3 2019-3.7%+0.3%-1.3%
Q2 2019+19.3%+9.6%+19.8%
Q1 2019+19.8%+26.8%+34.3%
Q4 2018+19.6%+16.9%+22.9%
Q3 2018-21.2%-25.2%-20.4%
Q2 2018+0.2%+5.2%+8.4%
Q1 2018+1.4%-0.9%+3.6%
Q4 2017+0.3%+17.3%+10.1%
Q3 2017-12.8%-13.4%-11.9%
Q2 2017+29.1%+32.4%+64.0%
Q1 2017+13.8%+11.5%+7.1%
Q4 2016-14.8%-15.9%-10.8%
Q3 2016+12.0%+25.5%+26.8%
Q2 2016-5.8%-17.2%-21.3%
Q1 2016+15.4%
Q1 2014+0.1%
Q4 2015-13.8%
Q3 2014+2.7%
Q3 2015+7.0%
Q2 2014-3.6%
Q1 2015
Q4 2014
Q4 2013
Q3 2013
Q1 2013

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