How did Natera's revenue and expenses trend in Q4 2024?

Natera's revenue and expenses in Q4 2024 showed a decline in net income along with increased operating expenses, while revenue remained relatively stable across different business segments.

1. **Revenue Trend**: Natera's total revenue for Q4 2024 was $1.69 billion, with an additional $1.21 billion from business operations and $11.84 million from licensing and other activities. This indicates a broad revenue base, with the product segment being the most significant contributor.
2. **Expense Trend**: The company reported a net loss of $53.77 million for the quarter, which is a significant decrease from any potential profit. Operating expenses are not provided separately, but the net loss suggests that these expenses were higher than the revenue generated from licensing and other activities.
3. **Gross Margin**: The gross margin for Natera's operations remained at 60.3% in Q4 2024, which is a stable indicator of profitability on the cost of sales. However, this needs to be considered in the context of the overall net loss, as a high gross margin does not necessarily translate to positive net income due to higher operating and non-operating expenses.

In conclusion, Natera faced a challenging quarter in Q4 2024, with a significant net loss despite stable revenue and gross margin. The company's focus should be on managing its operating expenses to improve profitability.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|NTRA|NTRA.O|Natera|20240101-2024|Licensing and Other|1.1837E7|185|
|NTRA|NTRA.O|Natera|20240101-2024|Licensing and Other|8687000|185|
|NTRA|NTRA.O|Natera|20240101-2024|Licensing and Other|5056000|185|
|NTRA|NTRA.O|Natera|20240101-2024|Licensing and Other|3069000|185|
|NTRA|NTRA.O|Natera|20240101-2024|Product|3.64672E8|185|
|NTRA|NTRA.O|Natera|20240101-2024|Licensing and Other|3069000|185|

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|NTRA|NTRA.O|Natera|2024 Q1|50.63496352337206|-6.7599E7|185|
|NTRA|NTRA.O|Natera|2024 Q2|66.18864110177523|-3.7464E7|185|
|NTRA|NTRA.O|Natera|2024 Q3|71.02448867284234|-3.1592E7|185|
|NTRA|NTRA.O|Natera|2024 Q4|31.090207737950305|-5.3771E7|185|

|code|Ticker|Name|Date|Gross Profit Margin|Gross Profit Margin YoY|market_code|
|---|---|---|---|---|---|---|
|NTRA|NTRA.O|Natera|2024 Q1|56.725|46.462690420862394|185|
|NTRA|NTRA.O|Natera|2024 Q2|57.8386|37.3469828763301|185|
|NTRA|NTRA.O|Natera|2024 Q3|59.2636|37.34544940474122|185|
|NTRA|NTRA.O|Natera|2024 Q4|60.2953|32.471432934130405|185|