NASDAQ$BNGO
BioNano Genomics Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported a record quarter with significant revenue growth and expanded its Saphyr system installed base.
Bionano Genomics reported a record revenue of $6.7 million for Q2 2022, a 73% increase compared to Q2 2021. The company also grew its installed base of Saphyr systems and sold 3,394 nanochannel array flowcells. They ended the quarter with $187.3 million in cash, cash equivalents, and available-for-sale securities.
- Total revenue for Q2 2022 was $6.7 million, a 73% increase year-over-year.
- Grew the installed base of Saphyr systems by 20 to 196 as of the end of Q2 2022, a 62% growth compared to Q2 2021.
- Sold 3,394 nanochannel array flowcells during Q2 2022, a 24% growth over Q2 2021.
- The company had cash, cash equivalents, and available-for-sale securities of $187.3 million as of June 30, 2022.
Headline financials
Revenue & EPS history
BioNano · Revenue · Quarterly
$6.67M
Revenue by segment
BioNano · $6.67M total across 2 segments · Q2 2022
- Product Revenue$3.91M+56.8%58.7%
- Service and Other Revenue$2.76M+102.7%41.3%
Forward guidance
Bionano maintains its full-year revenue guidance range of $24 million to $27 million.
Tailwinds
- Continued gains in market development.
- Proof of concept demonstrated.
- Building excitement about Bionano solutions.
- Strong capitalization.
- On track to achieve ELEVATE! milestones.
Headwinds
- Challenging macro-economic backdrop.
- Low yields on chip consumables produced at contract manufacturer.
- Increased headcount-related spending.
- Increased research and development expenses.
- Increased marketing expenses.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2022
-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 |
|---|---|---|---|---|
| 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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