NASDAQ$BIOLQ
Biolase Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Announced third quarter financial results, benefiting from strategic actions to streamline operations and gain greater operational efficiencies.
BIOLASE reported Q3 2023 financial results with a total revenue of $10.9 million. The company experienced a decrease in overall revenue compared to the previous year, but saw a 10% year-over-year increase in total consumable sales. Gross margin improved significantly to 34%, and the operating loss was reduced by 52% year over year.
- Total revenue was $10.9 million, impacted by the current macro-environment.
- Total consumable sales increased by 10% year-over-year.
- Gross margin was 34%, a 1,400-basis expansion compared to the year-ago level.
- Operating loss decreased by 52% year over year.
Headline financials
Revenue & EPS history
Biolase · Revenue · Quarterly
$10.9M
Revenue by segment
Biolase · $6.7M total across 2 segments · Q3 2023
- US Laser Revenue$3.8M-17.4%56.7%
- International Laser Revenue$2.9M—43.3%
Forward guidance
The Company currently expects full year 2023 revenue to be 1 to 3% higher than full year 2022 revenue. In addition, the Company expects net loss from operations for both the full year 2023 and for the fourth quarter of 2023 to be significantly improved compared to the comparable periods for the prior year.
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 Q3 2023
-3.0%
Avg return
Earnings day
-6.6%
Avg return
5 days after
-13.5%
Avg return
30 days after
41%
24 / 58 earnings
Positive
+25.4%
Q2 2021
Best reaction
-45.7%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2024 | -18.9% | -9.9% | +26.1% | |
| Q2 2024 | +7.8% | -10.0% | -30.0% | |
| Q1 2024 | +1.8% | -10.8% | -21.9% | |
| Q4 2024 | +20.3% | +7.5% | -6.8% | |
| Q3 2023 | -22.0% | -17.3% | -23.4% | |
| Q2 2023 | -19.5% | -6.2% | -50.2% | |
| Q1 2023 | -6.7% | -15.4% | -17.4% | |
| Q4 2022 | -10.8% | -24.8% | -43.8% | |
| Q3 2022 | +16.3% | +27.7% | -49.2% | |
| Q2 2022 | -1.1% | -5.3% | -33.6% | |
| Q1 2022 | +0.0% | -2.0% | -47.1% | |
| Q4 2021 | +2.9% | +4.1% | -9.3% | |
| Q3 2021 | -8.2% | -17.9% | -34.5% | |
| Q2 2021 | +25.4% | +5.7% | +10.0% | |
| Q1 2021 | -1.2% | -1.5% | -10.8% | |
| Q3 2020 | -3.3% | -10.4% | -0.8% | |
| Q2 2020 | -2.4% | -4.7% | -28.9% | |
| Q1 2020 | -45.7% | -49.0% | -6.0% | |
| Q4 2019 | -22.4% | -52.1% | -7.3% | |
| Q3 2019 | -5.8% | +6.3% | +2.9% | |
| Q2 2019 | -7.7% | -12.3% | -36.1% | |
| Q1 2019 | +2.5% | -8.4% | -13.9% | |
| Q4 2018 | -16.5% | -18.0% | -21.6% | |
| Q3 2018 | -9.3% | -9.3% | -27.9% | |
| Q2 2018 | +9.5% | +29.9% | +60.6% | |
| Q1 2018 | -2.4% | +1.1% | -13.1% | |
| Q4 2017 | -4.1% | -7.8% | -36.7% | |
| Q3 2017 | +0.0% | +0.0% | -25.0% | |
| Q2 2017 | -29.8% | -32.3% | -28.8% | |
| Q1 2017 | -3.8% | -3.0% | -3.8% | |
| Q4 2016 | -2.5% | -4.2% | +5.8% | |
| Q3 2016 | +20.8% | +20.1% | +18.8% | |
| Q2 2016 | +1.8% | +12.4% | +56.6% | |
| Q1 2016 | -12.3% | — | — | |
| Q4 2015 | -0.8% | — | — | |
| Q3 2015 | +8.5% | — | — | |
| Q2 2015 | +6.3% | — | — | |
| Q1 2015 | +1.0% | — | — | |
| Q4 2014 | -2.5% | — | — | |
| Q3 2014 | -3.3% | — | — | |
| Q2 2014 | +1.4% | — | — | |
| Q1 2014 | -0.8% | — | — | |
| Q4 2013 | +0.7% | — | — | |
| Q3 2013 | -11.8% | — | — | |
| Q2 2013 | -22.7% | — | — | |
| Q1 2013 | +3.5% | — | — | |
| Q4 2012 | +1.0% | — | — | |
| Q3 2012 | +10.6% | — | — | |
| Q2 2012 | -1.2% | — | — | |
| Q1 2011 | +0.8% | — | — | |
| Q1 2012 | +1.8% | — | — | |
| Q4 2011 | +0.5% | — | — | |
| Q4 2009 | +0.5% | — | — | |
| Q3 2011 | +4.9% | — | — | |
| Q3 2010 | +4.9% | — | — | |
| Q2 2010 | -10.2% | — | — | |
| Q4 2010 | -10.2% | — | — | |
| Q2 2011 | -10.2% | — | — |
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