NASDAQ$BNGO
BioNano Genomics Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Bionano Genomics reported a decrease in revenue due to COVID-19 impacts, while making progress in validating the Saphyr System and expanding research collaborations.
Bionano Genomics reported a decrease in total revenue by 45.7% to $1.2 million for Q2 2020, compared to $2.2 million for the same period in 2019, primarily due to the impact of COVID-19 on customer lab operations. The company highlighted progress in validating its Saphyr System and expanding its COVID-19 research consortium.
- Processed 493 customer samples from January 1, 2020 through August 13, 2020, compared to 212 in all of 2019.
- Installed 91 Saphyr instruments since commercial launch in February 2017.
- Demonstrated 100% concordance between the Saphyr system and current gold standard cytogenetic methods in leukemia.
- Expanded scope of research with the COVID-19 host genome structural variant consortium.
Headline financials
Revenue & EPS history
BioNano · Revenue · Quarterly
$1.18M
Revenue by segment
BioNano · $9.32M total across 2 segments · Q3 2023
- Product Revenue$6.46M+79.0%69.3%
- Service and Other Revenue$2.86M-20.8%30.7%
Forward guidance
The press release contains forward-looking statements regarding the significance of data generated by the Saphyr system, the benefits of the Saphyr system relative to traditional cytogenetic testing methods, the anticipated use of Saphyr as a gold standard for structural accuracy, the continued adoption of Saphyr for cancer, genetics and cytogenetic applications, our contributions to, and the outcomes of, studies relating to COVID-19, the impact of COVID-19 and related governmental responses on our business and financial results, the benefits or potential commercialization of our patent technology, the contribution of our technology towards the understanding of bat’s abilities to tolerate infections, and our efforts to execute on our commercial strategy.
Tailwinds
- Significance of data generated by the Saphyr system
- Benefits of the Saphyr system relative to traditional cytogenetic testing methods
- Anticipated use of Saphyr as a gold standard for structural accuracy
- Continued adoption of Saphyr for cancer, genetics and cytogenetic applications
- Benefits or potential commercialization of our patent technology
Headwinds
- Impact of the COVID-19 pandemic on our business and the global economy
- Changes in the competitive landscape and the introduction of competitive products
- Changes in our strategic and commercial plans
- Our ability to obtain sufficient financing to fund our strategic plans and commercialization efforts
- The loss of key members of management and our commercial team
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 2020
-3.3%
Avg return
Earnings day
-6.2%
Avg return
5 days after
-8.0%
Avg return
30 days after
40%
12 / 30 earnings
Positive
+15.5%
Q4 2018
Best reaction
-29.8%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.8% | -9.5% | — | |
| Q4 2025 | +0.9% | -20.5% | -17.1% | |
| Q3 2025 | +2.8% | +4.8% | +10.2% | |
| Q1 2025 | +2.9% | +0.8% | -2.4% | |
| Q4 2024 | +11.1% | +8.6% | +43.4% | |
| Q3 2024 | -3.4% | -11.5% | -7.7% | |
| Q2 2024 | -21.5% | -23.5% | -13.7% | |
| Q1 2024 | +2.7% | +7.3% | -9.4% | |
| Q4 2023 | +0.0% | -5.8% | -18.2% | |
| Q3 2023 | -7.0% | -10.5% | +2.8% | |
| Q2 2023 | -0.2% | -13.9% | -15.7% | |
| Q1 2023 | +6.9% | -9.6% | +0.0% | |
| Q4 2022 | -8.4% | -5.3% | -19.8% | |
| Q3 2022 | +2.7% | +2.2% | -6.3% | |
| Q2 2022 | +6.6% | +0.0% | +2.2% | |
| Q1 2022 | -16.1% | -24.2% | -10.8% | |
| Q4 2021 | +1.4% | -10.7% | +20.6% | |
| Q3 2021 | -9.8% | -13.7% | -44.4% | |
| Q2 2021 | +5.4% | +4.4% | -1.0% | |
| Q1 2021 | +13.9% | +22.8% | +59.9% | |
| Q4 2020 | -17.9% | -14.4% | -34.1% | |
| Q3 2020 | -7.4% | -5.4% | -10.7% | |
| Q2 2020 | -8.4% | -6.5% | -32.5% | |
| Q1 2020 | -8.4% | -11.8% | +21.6% | |
| Q4 2019 | -29.8% | -30.3% | -74.3% | |
| Q3 2019 | -2.1% | +17.8% | +24.4% | |
| Q2 2019 | -14.4% | -11.3% | -50.5% | |
| Q1 2019 | -11.3% | -17.0% | -28.1% | |
| Q4 2018 | +15.5% | +7.4% | -8.1% | |
| Q3 2018 | -6.0% | -5.7% | -11.9% | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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