NASDAQ$ADPT

Adaptive Biotechnologies Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Adaptive Biotechnologies reported a revenue increase of 26% year over year, driven by growth in sequencing revenue.

Adaptive Biotechnologies reported a strong finish to the year with a 26% increase in revenue compared to the fourth quarter of the prior year. The growth was driven by both sequencing and development revenue categories. The company recognized $10.0 million in MRD regulatory milestones.

  • Revenue of $37.9 million, representing a 26% increase year over year.
  • clonoSEQ clinical sequencing volume increased 41% to 6,356 clinical tests.
  • Recognized $10.0 million in MRD regulatory milestones.
  • Received Emergency Use Authorization (EUA) from FDA for T-Detect™ COVID.

Headline financials

Total Revenue

$37.9M

Previous: $30.2M+25.7%
EPS (adj)

-$0.43

Previous: -$0.33-30.3%
Capital Expenditures

$9.25M

Previous: $9.37M-1.3%
Free Cash Flow

-$63.1M

Previous: -$49.2M-28.2%
Net Income

-$61.4M

Previous: -$44.6M-37.7%
Operating Income

-$61.6M

Previous: -$44.2M-39.2%
Gross Profit

$23.6M

Previous: $24M-1.6%
Cash & Equivalents

$139M

Previous: $123M+12.7%
Total Assets

$923M

Previous: $1.12B-17.3%
Stock-Based Comp

$11.9M

Previous: $7.24M+64.0%

Revenue & EPS history

Adaptive Biotechnologies · Revenue · Quarterly

$37.9M

Q4 2021+25.7%vs Q4 2020
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Adaptive Biotechnologies · $38M total across 2 segments · Q3 2023

  • MRD Business
    $24.7M+23.5%
  • Immune Medicine Business
    $13.3M-52.3%

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 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
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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