NASDAQ$ADPT

Adaptive Biotechnologies Corporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Adaptive Biotechnologies reported financial results for Q1 2022, showing a slight revenue increase and a strategic reorganization around MRD and Immune Medicine.

Adaptive Biotechnologies reported a slight increase in revenue for Q1 2022, with a strategic reorganization focusing on MRD and Immune Medicine. Total revenue reached $38.6 million, a 0.5% increase compared to Q1 2021. The company's net loss increased to $62.8 million, and operating expenses rose by 28%.

  • Revenue for Q1 2022 was $38.6 million, a 0.5% increase year-over-year.
  • clonoSEQ test volume grew 45% compared to Q1 2021 and 12% over Q4 2021.
  • MRD regulatory milestone revenue of $3.0 million was recognized.
  • A new T-MAP collaboration was established with Janssen to map T cell responses to RSV.

Headline financials

Total Revenue

$38.6M

Previous: $38.4M+0.5%
EPS (adj)

-$0.44

Previous: -$0.29-51.7%
Capital Expenditures

-$3.08M

Previous: -$15.8M+80.6%
Free Cash Flow

-$65.8M

Previous: -$56.5M-16.5%
Net Income

-$62.7M

Previous: -$40.6M-54.4%
Operating Income

-$63.1M

Previous: -$41.3M-52.8%
Gross Profit

$25.4M

Previous: $28.5M-10.6%
Cash & Equivalents

$115M

Previous: $174M-33.9%
Total Assets

$858M

Previous: $1.07B-20.0%
Stock-Based Comp

$12.9M

No prior period

Revenue & EPS history

Adaptive Biotechnologies · Revenue · Quarterly

$38.6M

Q1 2022+0.5%vs Q1 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Adaptive Biotechnologies · $38.6M total across 2 segments · Q1 2022

  • Immune Medicine
    $20.8M—
  • MRD
    $17.8M—

Forward guidance

Adaptive Biotechnologies reiterates full year 2022 revenue to be in the range of $185 million to $195 million.

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 2022

Historical avgQ1 2022

+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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