NASDAQ$BNGO
BioNano Genomics Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Bionano Genomics reported a significant revenue increase driven by Saphyr system growth and advancements in OGM technology.
Bionano Genomics reported a 226% year-over-year increase in total revenue, reaching $3.9 million for Q2 2021. The company highlighted the expansion of its Saphyr installed base, key adoptions in cytogenetics laboratories, and a strong cash position of $333 million.
- Total revenue increased by 226% year-over-year, reaching $3.9 million.
- Shipped 13 Saphyr systems, increasing the installed base to 121.
- Cash and cash equivalents totaled $333 million at the end of the quarter.
- Gross margin was 37%, up from 33% in the previous quarter.
Headline financials
Revenue & EPS history
BioNano · Revenue · Quarterly
$3.86M
Revenue by segment
BioNano · $3.86M total across 2 segments · Q2 2021
- Product revenue$2.5M—64.7%
- Service and other revenue$1.36M—35.3%
Forward guidance
Bionano anticipates several milestones for the remainder of 2021, focusing on driving global adoption of Saphyr, expanding assay menus, and achieving an installed base of 150 systems.
Tailwinds
- Commercial release of prenatal assays in Q3 2021.
- Expansion of the menu of pediatric assays in Q3 2021.
- Interim publication of results from pediatric clinical study in Q4 2021.
- Validation of LDTs by 3 sites in both prenatal and pediatric clinical studies in Q4 2021.
- Initial prototype of next-gen high throughput Saphyr in Q4 2021.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q2 2021
-3.3%
Avg return
Earnings day
-5.4%
Avg return
5 days after
-7.7%
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 |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q4 2025 | +0.9% | +1.6% | — | |
| Q1 2026 | -0.8% | -9.5% | -7.9% | |
| 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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