Natera, Inc. is a diagnostics company that develops and commercializes molecular testing services globally. Its portfolio includes Panorama (non-invasive prenatal test), Vistara (single-gene disorder screening), Horizon (carrier screening), Spectrum (IVF testing), Anora (miscarriage analysis), Signatera (circulating tumor DNA monitoring for cancer), Prospera (organ transplant rejection monitoring), and Constellation (cloud-based bioinformatics ...Natera, Inc. is a diagnostics company that develops and commercializes molecular testing services globally. Its portfolio includes Panorama (non-invasive prenatal test), Vistara (single-gene disorder screening), Horizon (carrier screening), Spectrum (IVF testing), Anora (miscarriage analysis), Signatera (circulating tumor DNA monitoring for cancer), Prospera (organ transplant rejection monitoring), and Constellation (cloud-based bioinformatics platform). The company sells through a direct sales team and ~100 distribution partners, with strategic partnerships including BGI Genomics and Foundation Medicine. Founded in 2004, Natera is headquartered in Austin, Texas, and went public in 2015. With over 6,000 employees, it focuses on precision medicine, offering tests that aid in personalized care decisions. The company's financials show strong revenue growth but negative profitability, typical for high-growth diagnostics firms. Natera invests significantly in R&D and has a robust balance sheet with substantial cash reserves.
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InteranualYoY significa Year-over-Year (interanual). Compara el último valor anual con el valor anual anterior para mostrar la fortaleza de la tendencia a largo plazo.
TrimestralQoQ significa Quarter-over-Quarter (intertrimestral). Compara el último trimestre con el trimestre inmediatamente anterior para mostrar cambios de impulso a corto plazo.
IngresosEl dinero total que entró por la puerta principal al vender cosas, antes de pagar una sola factura. Piensa en esto como el gran total de cada compra con tarjeta de los clientes. (YoY compara el rendimiento de este año con el del año pasado, mientras que QoQ compara los tres meses actuales con los tres anteriores).
$2.3B
+35.9%
+8.1%
Beneficio netoEl resultado final absoluto. Si la empresa pagara a cada proveedor, empleado, banquero y recaudador de impuestos, este es el dinero real que queda en su bolsillo al final del día.
$-208.2M
-9.3%
+21.3%
Margen brutoEl margen básico. Si venden unas zapatillas de 100 dólares, este porcentaje indica cuánto de ese precio es ganancia justo después de pagar el caucho y los cordones, pero antes de pagar el alquiler de la tienda o los anuncios de televisión.
+64.8%
+7.6%
-0.5%
Margen operativoLa puntuación de eficiencia del 'trabajo diario'. De cada dólar que gasta un cliente, esto muestra cuántos centavos mantiene la empresa después de fabricar el producto Y pagar todos los gastos generales corporativos (como salarios, marketing y mantener las luces encendidas).
-13.4%
-2.6%
+25.0%
Margen netoEl porcentaje final que se lleva a casa. Cuando se eliminan todos los costos concebibles, impuestos y pagos de intereses, este es el número exacto de centavos que la empresa realmente se queda de cada dólar en ventas.
-9.0%
+19.6%
+27.2%
Flujo de caja libreEl santo grial del efectivo corporativo. Es el dinero físico gastable que queda después de que el negocio paga sus operaciones diarias Y compra las actualizaciones grandes y costosas (como nuevas fábricas o servidores) que necesita para sobrevivir. Este es el dinero 'libre' que pueden usar para pagar dividendos o recomprar acciones.
$109.1M
+57.6%
-147.9%
Margen FCFLa tasa definitiva de conversión de efectivo. Muestra qué tan buena es la empresa para convertir ventas regulares directamente en efectivo frío, duro y gastable. Un porcentaje alto significa que el negocio es una auténtica máquina de imprimir dinero.
+4.7%
+16.0%
-144.3%
Deuda/PatrimonioEl indicador de riesgo financiero. Compara cuánto del imperio de la empresa se construyó con dinero prestado (préstamos) frente al dinero propio de los propietarios (accionistas). Un número alto significa que están muy apalancados y juegan un juego más arriesgado; un número bajo significa que juegan a lo seguro.
12.5%
-20.0%
-3.3%
Ratio corrienteLa verificación de supervivencia de 12 meses. Simplemente compara el efectivo que tienen ahora mismo (más cosas que pueden convertirse rápidamente en efectivo) con las facturas inmediatas que absolutamente deben pagar este año. Una puntuación superior a 1 significa que tienen suficiente en la billetera para cubrir las próximas facturas sin entrar en pánico.
3.39x
-15.2%
+1.4%
Activos totalesEl tamaño absoluto del imperio de la empresa. Agrupa absolutamente todo lo valioso que poseen, desde el efectivo en la caja registradora y el inventario en el almacén, hasta las patentes de software en la bóveda y las fábricas en el suelo.
Operator: Hello, everyone. Thank you for joining us, and welcome to Natera's second quarter 26 earnings conference call. After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press *1 to raise your hand. To withdraw your question, press *1 again. I will now hand the conference over to Michael Brophy, chief financial officer. Michael, please go ahead.
Michael Brophy: Thanks, operator. Good afternoon. Thank you for joining our conference call to discuss the results of our second quarter of 26. On the line, I am joined by Steven Leonard Chapman, our CEO Solomon Moshkevich, president, clinical diagnostics and Alexey Aleshin, general manager of oncology and our chief medical officer. Today's conference call is being broadcast live via webcast. We will be referring to a slide presentation that has been posted to investor.natera.com. A replay of the call will also be posted to our IR site as soon as it is available. Starting on Slide 2. During the course of this conference call, we will make forward looking statements regarding future events and our future performance, such as our operational and financial outlook and projections, our assumptions for that outlook, market size, partnerships, clinical studies, and expected results, opportunities, and strategies and expectations for various current and future products, including product capabilities, expected release dates, reimbursement coverage, and related effects on our financial and operating results. We caution you that such statements reflect our best judgment based on factors currently known to us and that actual events or results could differ materially. Please refer to the documents we file from time to time with the SEC including our most recent Form 10 k or 10 Q, and the Form 8-Ks filed with today's press release. Those documents identify important risks and other factors that may cause our actual results to differ materially from those contained in or suggested by the forward looking statements. Forward looking statements made during the call are being made as of today, August 6, 2020. If this call is replayed or reviewed after today, information presented during the call may not contain current or accurate information. Natera disclaims any obligation to update or revise any forward looking statements. We will provide guidance on today's call, but will not provide any further guidance or updates on our performance during the quarter unless we do so in a public forum. We will quote a number of numeric or growth changes as we discuss our financial performance. And unless otherwise noted, each such reference represents a year on year comparison. And now I would like to turn the call over to Steven. Steven?
Steven Leonard Chapman: Great. Thanks, Mike. Let's get to the highlights on the next slide. We had an exceptional quarter. We processed approximately 1.044 million tests in the second quarter once again exceeding 1 million units …