CareDx Inc
For the period ended Sep 30, 2024. Filed Nov 4, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 4, 2024
CDNA$80.77-4.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations for the Ended and
Condensed Consolidated Statements of Operations
(In thousands, except share and per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue: | ||||
| Testing services revenue | $60,807 | $47,784 | $185,562 | $162,982 |
| Product revenue | 10,212 | 9,536 | 29,416 | 24,273 |
| Patient and digital solutions revenue | 11,864 | 9,872 | 32,228 | 27,500 |
| Total revenue | 82,883 | 67,192 | 247,206 | 214,755 |
| Operating expenses: | ||||
| Cost of testing services | 13,447 | 13,217 | 41,387 | 43,837 |
| Cost of product | 6,212 | 4,750 | 17,801 | 12,742 |
| Cost of patient and digital solutions | 7,913 | 6,566 | 22,264 | 19,807 |
| Research and development | 17,486 | 19,000 | 55,875 | 63,590 |
| Sales and marketing | 19,802 | 18,474 | 60,634 | 63,335 |
| General and administrative | 28,515 | 33,968 | 83,104 | 91,327 |
| Restructuring costs | — | — | 68 | 848 |
| Total operating expenses | 93,375 | 95,975 | 281,133 | 295,486 |
| Loss from operations | (10,492) | (28,783) | (33,927) | (80,731) |
| Other income: | ||||
| Interest income, net | 3,001 | 3,171 | 8,712 | 8,708 |
| Change in estimated fair value of common stock warrant liability | — | — | — | 10 |
| Other income (expense), net | 283 | 2,047 | (107) | (198) |
| Total other income | 3,284 | 5,218 | 8,605 | 8,520 |
| Loss before income taxes | (7,208) | (23,565) | (25,322) | (72,211) |
| Income tax (expense) benefit | (200) | 80 | (139) | 24 |
| Net loss | $(7,408) | $(23,485) | $(25,461) | $(72,187) |
| Net loss per share (Note 3): | ||||
| Basic | $(0.14) | $(0.43) | $(0.49) | $(1.34) |
| Diluted | $(0.14) | $(0.43) | $(0.49) | $(1.34) |
| Weighted-average shares used to compute net loss per share: | ||||
| Basic | 52,903,338 | 54,178,759 | 52,266,106 | 53,891,374 |
| Diluted | 52,903,338 | 54,178,759 | 52,266,106 | 53,891,374 |
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