NATERA Reports 31.9% Increase in Q2 FY2023 Revenue to USD 261.4 Million
August 14, 2023
☀️Earnings Overview
On June 30, 2023, NATERA ($NASDAQ:NTRA) released its second-quarter financial results for FY2023, with total revenue of USD 261.4 million, a rise of 31.9% compared to the same quarter of the prior year. Net income for the quarter was USD -110.8 million, a decrease from -145.2 million in the same quarter of the prior year.
Analysis
GoodWhale has conducted an analysis of NATERA‘s financials and has found that it is a high risk investment in terms of both financial and business aspects. Specifically, GoodWhale has detected risk warnings in the balance sheet, cashflow statement, non-financial, and financial journals. These risks include potential changes in customer base, large operating costs, limited financial resources, and the possibility of a weak revenue growth. The combination of these risks highlights the need for investors to be aware of potential risks associated with investing in NATERA. GoodWhale encourages investors to register on its website for more detailed analysis of NATERA’s financials and risk ratings. This will aid investors in making informed decisions about their investments in NATERA. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Natera. NATERA_Reports_31.9_Increase_in_Q2_FY2023_Revenue_to_USD_261.4_Million”>More…
| Total Revenues | Net Income | Net Margin |
| 931.05 | -511.79 | -55.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Natera. NATERA_Reports_31.9_Increase_in_Q2_FY2023_Revenue_to_USD_261.4_Million”>More…
| Operations | Investing | Financing |
| -342.65 | 151.2 | 481.18 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Natera. NATERA_Reports_31.9_Increase_in_Q2_FY2023_Revenue_to_USD_261.4_Million”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.25k | 651.75 | 5.23 |
Key Ratios Snapshot
Some of the financial key ratios for Natera are shown below. NATERA_Reports_31.9_Increase_in_Q2_FY2023_Revenue_to_USD_261.4_Million”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 39.7% | – | -53.7% |
| FCF Margin | ROE | ROA |
| -41.6% | -50.1% | -25.0% |
Peers
The company’s products are used for pregnancy and fertility testing, as well as for cancer and inherited disease risk assessment. Natera‘s competitors include Genetic Technologies Ltd, Dr Lalchandani Labs Ltd, and NeoGenomics Inc.
– Genetic Technologies Ltd ($ASX:GTG)
Genetic Technologies Ltd is a biotechnology company that develops and commercializes molecular diagnostic tests. The company has a market cap of 27.7M as of 2022 and a Return on Equity of -24.9%. The company’s products are used for the detection of genetic disorders and cancer.
– Dr Lalchandani Labs Ltd ($BSE:541299)
Lalchandani Labs Ltd is a pharmaceutical company with a market cap of 141.91M as of 2022. The company has a Return on Equity of 12.87%. The company manufactures and sells pharmaceutical products and services. It offers products and services in the areas of diagnostics, therapeutics, and general health care. The company also provides services in the areas of research and development, manufacturing, marketing, and sales.
– NeoGenomics Inc ($NASDAQ:NEO)
NeoGenomics, Inc. is a holding company, which engages in the business of providing cancer-focused genetic testing services. It operates through the Clinical Services and Pharma Services segments. The Clinical Services segment includes tumor tissue tests, fluid tests, and other ancillary tests. The Pharma Services segment provides genomic services to pharmaceutical clients to support their drug development programs. The company was founded by Douglas M. Ross in 2001 and is headquartered in Fort Myers, FL.
Summary
NATERA‘s Q2 FY2023 financial results displayed a revenue growth of 31.9% compared to the previous year’s quarter. Despite this, the company posted a net loss of USD -110.8 million, a decrease from the previous quarter’s -145.2 million. Investors should consider reviewing the company’s performance metrics and overall financial health before deciding whether to invest in NATERA shares. Furthermore, it is important to consider the macro-economic environment and any external factors that could affect the company’s performance in the future.
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