NASDAQ$ADPT

Adaptive Biotechnologies Corporation · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Adaptive Biotechnologies reported financial results, demonstrating the unique capability of their platform and the key role of the immune response.

Adaptive Biotechnologies reported a revenue of $26.3 million for Q3 2020, a 1% increase compared to Q3 2019. The company's net loss was $36.7 million, and operating expenses totaled $63.3 million.

  • Revenue was $26.3 million, representing a 1% increase from the third quarter in the prior year.
  • Clinical sequencing volume increased 58% compared to the third quarter 2019.
  • Identified two antibodies against SARS-CoV-2 that neutralize the virus at very low concentrations.
  • Top-line results from a second real-world study demonstrated T-cell testing outperforms serology in identifying past SARS-CoV-2 infections.

Headline financials

Total Revenue

$26.3M

Previous: $26.1M+0.9%
EPS (adj)

-$0.27

Previous: -$0.11-145.5%
Adjusted EBITDA

-$28.4M

Previous: -$12.7M-124.7%
Capital Expenditures

-$9.43M

Previous: -$8.78M-7.4%
Free Cash Flow

-$46.2M

Previous: -$22.7M-103.0%
Net Income

-$36.7M

Previous: -$14M-163.2%
Operating Income

-$37M

Previous: -$18.1M-105.2%
Gross Profit

$20.2M

Previous: $20.5M-1.0%
Cash & Equivalents

$497M

No prior period
Total Assets

$1.1B

No prior period

Revenue & EPS history

Adaptive Biotechnologies · Revenue · Quarterly

$26.3M

Q3 2020+0.9%vs Q3 2019
Beat estimate in 5 of 11 quarters(45%)
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 is not providing 2020 financial guidance due to the continued uncertainties from the impact of COVID-19.

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 Q3 2020

Historical avgQ3 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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