NASDAQ$ADPT

Adaptive Biotechnologies Corporation · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported an 83% increase in revenue compared to the second quarter of the prior year.

Adaptive Biotechnologies reported a strong second quarter with significant revenue growth, driven by sequencing and development revenue. The company is also making progress in its immune medicine platform, with emerging data expected to monetize for multiple opportunities.

  • Revenue of $38.5 million for the second quarter 2021, representing an 83% increase from the second quarter 2020
  • clonoSEQ clinical sequencing volume in the second quarter 2021 grew 75% versus prior year and 15% over the first quarter of 2021
  • Signed a license agreement with Vaccibody to leverage Adaptive Biotechnologies’ T-cell data to inform the development of a T-cell based SARS-CoV-2 vaccine
  • Signed an agreement with Moderna to use immunoSEQ T-MAP COVID to measure the T-cell response to their second generation COVID vaccine and their Zika vaccine

Headline financials

Total Revenue

$38.5M

Previous: $21M+83.5%
EPS (adj)

-$0.35

Previous: -$0.26-34.6%
Capital Expenditures

-$37.9M

Previous: -$5.23M-624.9%
Free Cash Flow

-$87.2M

Previous: -$38.8M-124.9%
Net Income

-$49.3M

Previous: -$33.5M-47.0%
Operating Income

-$49.8M

Previous: -$36.9M-34.8%
Gross Profit

$27.7M

Previous: $16.1M+72.6%
Cash & Equivalents

$184M

Previous: $365M-49.6%
Total Assets

$1.03B

Previous: $855M+20.9%
Stock-Based Comp

$11.2M

No prior period

Revenue & EPS history

Adaptive Biotechnologies · Revenue · Quarterly

$38.5M

Q2 2021+83.5%vs Q2 2020
Beat estimate in 7 of 12 quarters(58%)
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 expects full year 2021 revenue to be in the range of $148 million to $155 million, representing 54% growth at the mid-point of the range over full year 2020 revenue. This compares to Adaptive Biotechnologies’ previous outlook of $145 million to $155 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 Q2 2021

Historical avgQ2 2021

+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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