NASDAQ$AZTA

Azenta Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported preliminary results for the second quarter, driven by robust customer demand and strong operational execution.

Azenta Life Sciences reported preliminary financial results for Q2 2022, showing a 12% increase in revenue from continuing operations compared to the previous year. Revenue reached $146 million, driven by growth in both Life Sciences Products and Services. Diluted EPS from continuing operations was ($0.02) per share, while non-GAAP diluted EPS was $0.12.

  • Revenue from continuing operations was $146 million, a 12% increase year-over-year and a 4% sequential increase.
  • Life Sciences Products revenue grew 2% year-over-year, driven by automated cryogenic freezers.
  • Life Sciences Services revenue increased 19% year-over-year, with growth in Sample Repository Solutions and Genomics Services.
  • Diluted EPS from continuing operations was ($0.02) per share, while total diluted EPS was $28.15, including discontinued operations.

Headline financials

Total Revenue

$146M

Previous: $287M-49.2%
EPS (adj)

$0.12

Previous: $0.61-80.3%
Capital Expenditures

-$44.3M

Previous: -$25.5M-73.6%
Free Cash Flow

$2.08B

Previous: -$1.78M+116507.6%
Net Income

$2.12B

Previous: $23.7M+8826.5%
Operating Income

-$4.71M

Previous: $30.5M-115.4%
Gross Profit

$70.8M

Previous: $127M-44.4%
Cash & Equivalents

$1.94B

Previous: $320M+504.9%
Total Assets

$4.16B

Previous: $1.66B+149.9%
Stock-Based Comp

-$661K

Previous: $7.48M-108.8%

Revenue & EPS history

Azenta · Revenue · Quarterly

$146M

Q2 2022-49.2%vs Q2 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

The Company announced revenue and earnings guidance for continuing operations for the third quarter of fiscal 2022. Revenue is expected to be in the range of $140 million to $150 million and non-GAAP diluted earnings per share for the third fiscal quarter is expected to be in the range of $0.09 to $0.17. GAAP diluted earnings per share from continuing operations is expected to be in the range of ($0.03) to $0.05.

Tailwinds

  • Revenue is expected to be in the range of $140 million to $150 million.
  • Non-GAAP diluted earnings per share for the third fiscal quarter is expected to be in the range of $0.09 to $0.17.

Headwinds

  • GAAP diluted earnings per share from continuing operations is expected to be in the range of ($0.03) to $0.05.

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 Q2 2022

Historical avgQ2 2022

-0.6%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+0.4%

Avg return

30 days after

43%

28 / 65 earnings

Positive

+22.4%

Q4 2025

Best reaction

-23.4%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-21.6%-21.0%-6.1%
Q1 2026-23.4%-19.3%-34.2%
Q4 2025+22.4%+20.9%+14.8%
Q2 2025-0.7%+11.3%+13.1%
Q1 2025+3.4%-8.6%-16.0%
Q4 2024-2.9%-9.4%+0.2%
Q3 2024-4.9%-1.1%-15.4%
Q2 2024-4.8%-6.9%-2.1%
Q1 2024-4.0%-1.2%-2.0%
Q4 2023+14.6%+16.1%+27.2%
Q3 2023+21.8%+18.4%+11.0%
Q2 2023-19.8%-11.1%+0.0%
Q1 2023-20.8%-22.2%-29.7%
Q4 2022+15.8%+17.5%+25.8%
Q3 2022-10.3%-8.7%-23.8%
Q2 2022-4.0%+5.6%+8.9%
Q1 2022+5.6%-3.1%-7.0%
Q4 2021-7.6%-7.1%-16.7%
Q3 2021-4.0%-4.0%-3.5%
Q2 2021-7.3%-7.1%-2.9%
Q1 2021-2.8%-0.3%-4.2%
Q4 2020+9.7%+12.8%+19.9%
Q3 2020+17.8%+21.2%+13.2%
Q2 2020-15.4%-12.3%-3.9%
Q1 2020-1.4%+6.7%-15.1%
Q4 2019+7.8%+5.5%-7.7%
Q3 2019-15.7%-17.0%-14.1%
Q2 2019+18.5%+23.4%+15.6%
Q1 2019+0.9%-5.3%-0.4%
Q4 2018-11.6%-10.9%-13.6%
Q3 2018-7.2%-5.8%+22.3%
Q2 2018+8.4%+12.5%+31.4%
Q1 2018-3.4%-9.5%-2.4%
Q4 2017-23.3%-21.2%-28.8%
Q3 2017-8.1%+0.9%+6.6%
Q2 2017+6.0%+9.4%+16.3%
Q1 2017+16.9%+20.6%+20.0%
Q4 2016+7.7%+11.7%+20.1%
Q3 2016-3.3%-5.4%-1.7%
Q2 2016-7.3%
Q1 2016-1.7%
Q4 2015-0.2%
Q3 2015+11.2%
Q2 2015-0.5%
Q1 2015-5.1%
Q4 2014+6.0%
Q3 2014+2.7%
Q2 2014+1.1%
Q1 2014-1.3%
Q4 2013+2.9%
Q3 2013-4.0%
Q2 2013+2.7%
Q1 2013+2.5%
Q4 2012+1.3%
Q3 2012-13.8%
Q2 2012-1.1%
Q1 2011+7.2%
Q1 2012+7.2%
Q4 2009+2.8%
Q2 2011+2.8%
Q4 2011+2.8%
Q4 2010-0.1%
Q3 2010-0.1%
Q3 2011-0.1%
Q2 2010-6.9%

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