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Stock impact report

CareDx Inc (CDNA) Surpasses Revenue Expectations Despite Net Loss Expansion in 2023 [Yahoo! Finance]

CareDx, Inc. (CDNA) 
Last caredx, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.caredxinc.com
Company Research Source: Yahoo! Finance
Testing Services Growth : Achieved a 4% sequential increase in Testing Services patient results in Q4 2023, with approximately 39,900 results delivered. Profitability Measures : Collected $17 million in cash over its revenue in 2023, marking the fifth consecutive quarter of collections exceeding 100% of Testing Services revenue. Net Loss : Reported a significant net loss of $118.1 million in Q4 2023, largely due to a $96.3 million accrual for patent litigation damages. Share Buyback : Repurchased 2.9 million shares of common stock for $27.5 million under the share buyback program in 2023. 2024 Guidance : Projected revenue for 2024 is expected to be between $260 million and $274 million. Warning! GuruFocus has detected 5 Warning Signs with CDNA. On February 28, 2024, CareDx Inc ( NASDAQ:CDNA ), a leading precision medicine solutions company, released its 8-K filing , announcing financial results for the fourth quarter and full year ended December 31, 2023. The company, whi Show less Read more
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