Natera Delivers Strong Quarter; Raises Annual Revenue Guidance to $1 Billion

Natera Delivers Strong Quarter; Raises Annual Revenue Guidance to $1 Billion

Global leader in cell-free DNA testing, Natera, Inc. (Nasdaq: NTRA) has delivered a strong quarter, with total revenues up 31.9% to $261.4 million, and has raised its annual revenue guidance to $1.015 billion.

Steve Chapman, Natera’s Chief Executive Officer, said, “We had another strong quarter in which we served over 600,000 patients, delivered significant year-over-year growth in volumes and revenues, drove improvements in gross margin and reduced our quarterly cash burn. With this excellent performance, we are raising our annual revenue guidance and believe we are well-positioned to meet our financial goals for the year.”

Highlights

Natera generated total revenues of $261.4 million in Q2 2023, compared to $198.2 million in Q2 2022, an increase of 31.9%.

The company processed approximately 617,200 tests in the second quarter of 2023, an increase of 23.5% over the previous period in 2022.

Natera performed 83,500 oncology tests in the second quarter of 2023, compared to approximately 44,200 oncology tests in the second quarter of 2022, an increase of 88.9%.

As of June 30, 2023, Natera held approximately $735.9 million in cash, cash equivalents, short-term investments and restricted cash.

About Natera, Inc.

Natera™ is a global leader in cell-free DNA testing, dedicated to oncology, women’s health, and organ health. We aim to make personalized genetic testing and diagnostics part of the standard of care to protect health and enable earlier, more targeted interventions that help lead to longer, healthier lives. Natera’s tests are validated by more than 100 peer-reviewed publications that demonstrate high accuracy. Natera operates ISO 13485-certified and CAP-accredited laboratories certified under the Clinical Laboratory Improvement Amendments (CLIA) in Austin, Texas and San Carlos, California. For more information, visit www.natera.com.

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Natera Delivers Strong Quarter; Raises Annual Revenue Guidance to $1 Billion

Greg Barton