Record Revenue Growth
Natera achieved a record revenue of $439.8 million in Q3 2024, representing a 64% increase year-over-year. This marks the highest quarterly revenue growth in the company's history.
Oncology Test Volume Increase
Performed approximately 137,000 oncology tests in Q3, a 54% increase from the previous year, marking significant growth in the oncology segment.
Strong Financial Performance
Generated $34.5 million in cash and reported a gross margin of 62%, both records for the company. Raised guidance for the year with revenue expectations now at $1.61 billion to $1.64 billion, implying a 50% revenue growth for the full year.
Significant Clinical Data Publication
Published groundbreaking Galaxy data in Nature Medicine, showing strong support for MRD testing and adjuvant decision-making, a key milestone for clinical validation.
Improvement in Signatera ASP
Signatera ASP improved to approximately $1,050, indicating strong pricing performance and reimbursement success.