NASDAQ$NTRA
Natera Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Delivered robust volume and revenue growth while demonstrating operational discipline with a significant reduction in cash burn.
Natera reported a 27.4% increase in total revenues, reaching $268.3 million, driven by a 32.7% increase in product revenues. The company processed approximately 626,000 tests, reflecting a 21.0% increase. They have revised their 2023 annual revenue guidance to $1.035 billion to $1.05 billion.
- Total revenues were $268.3 million, a 27.4% increase compared to Q3 2022.
- Product revenues increased by 32.7% to $265.2 million.
- Approximately 626,000 tests were processed, a 21.0% increase from the previous year.
- Net loss was $109.0 million, or ($0.95) per diluted share.
Headline financials
Revenue & EPS history
Natera · Revenue · Quarterly
$268M
Revenue by segment
Natera · $33.9M total across 1 segment · Q1 2021
- Licensing and other revenues$33.9M—100.0%
Forward guidance
Natera is revising its 2023 annual guidance. The Company now expects annual revenue to be in a range of $1.035 billion to $1.05 billion, up from its previous range of $1.015 billion to $1.035 billion; and gross margin to be in a range of approximately 43% to 44% of revenues, revised from its previous range of 41% to 44%. In addition, net cash consumption is now expected to be approximately $260 million to $280 million, down from its previous range of $300 million to $325 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 2023
+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
| Quarter | Report date | Reaction (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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