NASDAQ$ADPT

Adaptive Biotechnologies Corporation · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Adaptive Biotechnologies reported financial results for the quarter ended March 31, 2020.

Adaptive Biotechnologies reported a 65% increase in revenue compared to the first quarter of the prior year, with revenue reaching $20.9 million. The company's net loss was $31.4 million for the quarter.

  • Revenue increased by 65% year-over-year to $20.9 million.
  • Clinical tests for clonoSEQ increased 75% compared to Q1 2019.
  • Partnership with Microsoft was extended to decode the immune response to COVID-19.
  • A strategic partnership with Amgen was announced to discover and develop therapeutic antibodies for COVID-19.

Headline financials

Total Revenue

$20.9M

Previous: $12.7M+65.1%
EPS (adj)

-$0.25

Previous: -$0.15-64.5%
Capital Expenditures

-$2.96M

No prior period
Free Cash Flow

-$34.4M

No prior period
Net Income

-$31.4M

Previous: -$18.4M-70.8%
Operating Income

-$34.6M

Previous: -$20M-72.7%
Gross Profit

$15.6M

Previous: $7.68M+102.7%
Cash & Equivalents

$213M

No prior period
Total Assets

$875M

No prior period

Revenue & EPS history

Adaptive Biotechnologies · Revenue · Quarterly

$20.9M

Q1 2020+65.1%vs Q1 2019
Beat estimate in 4 of 11 quarters(36%)
ActualEstimate

Revenue by segment

Adaptive Biotechnologies · $58.9M total across 2 segments · Q2 2025

  • MRD
    $49.9M—
  • Immune Medicine
    $8.94M—

Forward guidance

Adaptive Biotechnologies withdrew its previously announced annual revenue guidance for 2020 due to the uncertainty of the COVID-19 pandemic.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+1.3%

Avg return

Earnings day

+0.0%

Avg return

5 days after

-0.9%

Avg return

30 days after

48%

13 / 27 earnings

Positive

+33.2%

Q1 2025

Best reaction

-22.2%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
Q1 2026+1.2%-1.9%+22.6%
Q4 2025-4.3%-5.2%-9.8%
Q3 2025-4.8%-6.8%-5.2%
Q1 2025+33.2%+19.7%+29.3%
Q4 2024-3.2%+6.8%-6.7%
Q3 2024+1.2%+3.1%+9.0%
Q2 2024-5.5%+1.3%+3.3%
Q1 2024-1.2%+8.7%+21.1%
Q4 2023+9.4%+6.4%-10.5%
Q3 2023-22.2%-9.3%+4.4%
Q2 2023-15.5%-18.8%-17.5%
Q1 2023-8.3%-5.8%+6.4%
Q4 2022+15.4%+9.3%-3.3%
Q3 2022+13.2%-0.9%+14.1%
Q2 2022+19.3%+22.8%-8.4%
Q1 2022-1.1%-19.2%-22.5%
Q4 2021+5.3%-8.0%-15.3%
Q3 2021+6.7%+5.7%-26.6%
Q2 2021+4.8%-2.4%+9.8%
Q1 2021+0.9%-11.2%-1.0%
Q4 2020-2.6%+2.0%-32.8%
Q3 2020+8.0%+2.1%+14.9%
Q2 2020-3.8%+2.8%+0.2%
Q1 2020-6.7%-0.2%+9.9%
Q4 2019-5.6%-10.7%-15.4%
Q3 2019-3.7%+0.7%+11.8%
Q2 2019+3.5%+9.7%-5.4%
Q1 2019———
Q4 2018———
Q3 2018———
Q2 2018———
Q1 2018———
Q3 2016———
Q2 2016———
Q1 2016———
Q4 2015———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———

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