CareDx prelim FY2023 revenue $279-280M, above high end of guidance; Q4 patient volumes up 4% QoQ

CareDx, Inc.

2023-FY EPS reported -$3.54 revenue$280,324,000

Full-year revenue expected $279-280M, exceeding $277M high-end guidance; FY2022 was $321.8M.
Q4 testing-services revenue $46-47M vs $47.8M in Q3; patient results ~39,900, up 4% sequentially.
Patient & Digital Solutions FY rev ~$37M (+29% YoY); Products ~$33.5M (+14% YoY).
Repurchased 2.8M shares for $26M; cash & equivalents $235M with no debt.
Fifth consecutive quarter of testing-services collections above 100% of revenue.

item 2.02 item 9.01 item 7.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CareDx, Inc. reported the fourth quarter ended December 31, 2023 results: revenue between $65 million and $66 million.

Period: the fourth quarter ended December 31, 2023
Revenue: between $65 million and $66 million
Result: preliminary results

Exact text from the filing

Preliminary revenue for the three months ended December 31, 2023, is expected to be between $65 million and $66 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CareDx, Inc. reported the full year ended December 31, 2023 results: revenue between $279 million and $280 million.

Period: the full year ended December 31, 2023
Revenue: between $279 million and $280 million
Result: preliminary results

Exact text from the filing

Preliminary revenue for the full year ended December 31, 2023, is expected to be between $279 million and $280 million

View on SEC.gov

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CareDx, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-004834

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