CareDx, Inc.
14.28-0.39 (-2.66%)
Oct 29, 4:00:01 PM EDT · NasdaqGM · CDNA · USD
Key Stats
Market Cap
760.08MP/E (TTM)
13.60Basic EPS (TTM)
1.05Dividend Yield
0%Recent Filings
8-K
10-Q
Q2 FY2025 results
CareDx posted Q2 revenue of $86.7M, down 6% y/y from $92.3M, with testing services dipping 13% y/y to $62.0M amid prior-period adjustments, yet product revenue climbed 12% y/y to $11.8M and patient/digital solutions rose 19% y/y to $12.8M, reflecting steady volume growth of 13% y/y to 49,500 tests. Operating loss widened to $11.1M from $7.3M y/y, while net loss grew to $8.6M from $4.6M, driven by higher sales/marketing costs, though R&D fell 15% y/y; diluted EPS held at -$0.16 on 54.3M shares. YTD revenue hit $171.4M, up 4% y/y, with net loss narrowing to $18.9M from $24.5M. Cash and equivalents stood at $68.2M plus $118.0M in marketable securities, no debt, after a $50M share repurchase; free cash flow not disclosed in the 10-Q. Ongoing litigation with Natera poses a balanced risk of potential damages up to $96.3M if appeals succeed.
8-K
Q2 results and CFO change
CareDx reported Q2 2025 revenue of $86.7 million, down 6% year-over-year due to a $3.8 million write-off of aged receivables, yet adjusted revenue climbed 14% to $90.5 million on 13% higher testing volume of 49,500 tests, with AlloSure kidney volumes surging nearly 20%. The company appointed Nathan Smith as CFO effective August 7, 2025, following Abhishek Jain's retirement, while narrowing full-year revenue guidance to $367 million-$373 million. Leadership transition smooths operations amid volume gains.
8-K
CareDx boosts equity plan shares
CareDx stockholders approved an amendment to the 2024 Equity Incentive Plan at the June 12, 2025 annual meeting, boosting the share reserve by 1,600,000 shares to 5,100,000 total. This adds roughly 3% to outstanding shares, enabling more equity awards for talent retention. The move passed with 27.3 million for versus 16.4 million against. It signals confidence in growth, yet dilutes ownership slightly.
8-K
New $50M share repurchase authorized
CareDx completed its prior $50 million stock repurchase program, buying back 3,031,533 shares that equated to about 5% of outstanding stock. The board then greenlit a fresh $50 million buyback, set to run for 24 months starting June 5, 2025, funded by existing cash reserves of $231 million with no debt. This move signals confidence amid 18% year-over-year Q1 revenue growth to $84.7 million. Yet risks from market volatility loom.
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