What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

CareDx CDNA Gross margin

Discontinued — last reported Q2 '20

Gross margin at other companies

NeoGenomicsNEO

43.2%-1.1pp

Personalis, Inc.PSNL

13.7%-19.6pp

GeneDx HoldingsWGS

69.6%+4.3pp

TransMedics Group, Inc.TMDX

59.1%-0.4pp

Bio-Rad LaboratoriesBIO

51.9%-1.6pp

VeracyteVCYT

70.9%+2.9pp

Other financials

Income statement

See full

Revenue$117.7M+39.0%

Operating income$1.2M+109%

Net income$2.8M+127%

EPS (diluted)$0.05+126%

Balance sheet

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Cash & equivalents$78.5M-12.1%

Total debt$24.5M-19.1%

Total equity$313.5M-17.3%

Total assets$411.1M-16.0%

Cash flow

See full

Operating cash flow$4.3M+116%

CapEx$3.8M+134%

Free cash flow$514.0K+102%

Valuation

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Market cap$1.4B-9.6%

Enterprise value$1.35B-9.7%

P/S3.4×-1.1×

Profitability

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Operating margin-3.9%-18.3pp

Net margin-2%-19.9pp

FCF margin-0%0.0pp

Returns & leverage

See full

Return on equity-2.4%-21.9pp

Debt / equity0.1×0.0×

Current ratio3.4×-0.7×

Where this comes from

Calculated from CareDx’s reported figures.

gross profit/total revenue=65.5%

Based on trailing twelve months.

The official record: CareDx’s 10-Q, filed July 29, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.