CareDx reports 4Q loss
BRISBANE, Calif. (AP) _ CareDx Inc. (CDNA) on Thursday reported a loss of $31.7 million in its fourth quarter.
On a per-share basis, the Brisbane, California-based company said it had a loss of $1.13. Losses, adjusted for non-recurring costs and stock option expense, came to 9 cents per share.
The molecular diagnostics company posted revenue of $12.5 million in the period.
For the year, the company reported that its loss widened to $55.5 million, or $2.38 per share. Revenue was reported as $48.3 million.
CareDx expects full-year revenue in the range of $61 million to $63 million.
CareDx shares have decreased 19 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.