NASDAQ$CLPT
ClearPoint Neuro Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported revenue of $2.5 million amidst COVID-19 pandemic.
ClearPoint Neuro reported a decrease in total revenue by 5% compared to the same quarter last year, reaching $2.5 million. The decrease was primarily driven by the COVID-19 pandemic, which led to the postponement or cancellation of elective surgical procedures. However, the biologics and drug delivery business increased by 183%.
- Total revenues decreased by 5% to $2.5 million compared to Q2 2019.
- Functional neurosurgery revenue decreased by 38% due to the postponement of elective surgical procedures amid COVID-19.
- Biologics and drug delivery revenues increased by 183%, demonstrating diversification in the revenue stream.
- Operating loss was $1.5 million, compared to $1.3 million for the same period in 2019.
Headline financials
Revenue & EPS history
ClearPoint Neuro · Revenue · Quarterly
$2.48M
Revenue by segment
ClearPoint Neuro · $1.44M total across 2 segments · Q2 2020
- Biologics and Drug Delivery$1.2M+190.6%83.3%
- Capital Equipment and Software$240K-50.5%16.7%
Forward guidance
Due to the uncertainty caused by the COVID-19 pandemic regarding the timing of the resumption to pre-pandemic levels of elective procedures, capital placements, and customer-sponsored clinical trials, the company is not providing a forecast for the balance of 2020.
Tailwinds
- Clinical support team stood shoulder-to-shoulder with hospital customers.
- Biologics and drug delivery business increased 183%.
Headwinds
- COVID-19 pandemic adversely impacted sales across all business lines.
- More than 80% of procedures are deemed 'elective,' resulting in postponement or cancellation.
- New capital placements and evaluations were effectively put on hold in the 2020 second quarter.
- Hospitals in cities struggling with COVID-19 cases will suspend elective procedures.
- Diagnostic work-ups delayed in March and April will cause the resulting surgeries to be similarly delayed.
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
-1.7%
Avg return
Earnings day
-1.7%
Avg return
5 days after
-2.3%
Avg return
30 days after
34%
15 / 44 earnings
Positive
+35.8%
Q2 2024
Best reaction
-24.1%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.9% | -12.1% | +6.9% | |
| Q4 2025 | -14.5% | -14.8% | +5.6% | |
| Q3 2025 | -13.5% | -8.3% | -25.7% | |
| Q1 2025 | -11.7% | -7.6% | -18.7% | |
| Q4 2024 | -17.5% | -22.1% | -30.5% | |
| Q3 2024 | -12.9% | -16.9% | +0.7% | |
| Q2 2024 | +35.8% | +46.6% | +78.3% | |
| Q1 2024 | +0.8% | -1.3% | -3.4% | |
| Q4 2023 | +18.9% | +18.6% | +2.8% | |
| Q3 2023 | -24.1% | -14.3% | +13.9% | |
| Q2 2023 | -5.0% | -8.9% | -20.2% | |
| Q1 2023 | -7.0% | -8.8% | -28.2% | |
| Q4 2022 | -3.3% | -4.5% | -0.5% | |
| Q3 2022 | -3.5% | +2.6% | -6.9% | |
| Q2 2022 | +10.3% | +9.6% | -14.3% | |
| Q1 2022 | +1.0% | +17.0% | +49.0% | |
| Q4 2021 | -0.1% | +6.2% | +19.0% | |
| Q3 2021 | -8.3% | -11.3% | -35.1% | |
| Q2 2021 | -17.6% | -20.2% | -13.2% | |
| Q1 2021 | +3.2% | +4.5% | +15.7% | |
| Q4 2020 | -22.8% | -14.0% | -3.9% | |
| Q3 2020 | +13.3% | +25.3% | +52.9% | |
| Q2 2020 | -2.2% | +5.3% | +12.2% | |
| Q1 2020 | -12.4% | -14.9% | +7.2% | |
| Q4 2019 | +18.8% | +13.6% | -16.3% | |
| Q3 2019 | -0.7% | +2.3% | +5.4% | |
| Q2 2019 | +5.8% | -1.2% | -1.0% | |
| Q1 2019 | +7.4% | +10.6% | +16.2% | |
| Q4 2018 | -3.1% | -3.1% | -8.3% | |
| Q3 2018 | -2.4% | -4.9% | -14.6% | |
| Q2 2018 | -2.2% | -6.6% | -20.9% | |
| Q1 2018 | -5.6% | -7.4% | -22.6% | |
| Q3 2017 | +1.5% | -8.0% | -0.4% | |
| Q2 2017 | -0.5% | +8.4% | +1.1% | |
| Q1 2017 | +0.0% | -3.9% | -43.0% | |
| Q3 2016 | +17.9% | -3.8% | -23.1% | |
| Q2 2016 | -5.9% | -15.3% | -20.7% | |
| Q2 2015 | -11.3% | — | — | |
| Q1 2015 | -5.6% | — | — | |
| Q2 2014 | +0.0% | — | — | |
| Q1 2014 | +2.4% | — | — | |
| Q2 2012 | +1.7% | — | — | |
| Q1 2013 | -0.8% | — | — | |
| Q3 2012 | +3.3% | — | — | |
| Q1 2012 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2011 | — | — | — |
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