NASDAQ$CLPT

ClearPoint Neuro Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported record case volume supported clinically during the quarter.

ClearPoint Neuro reported a successful second quarter of 2021, highlighted by record case volume, demonstrating a return to pre-pandemic levels ahead of schedule. The company is also working with more than 30 partners in the drug delivery space and expects to add additional partners in the second half of 2021.

  • Record case volume was achieved, indicating a return to pre-pandemic levels earlier than anticipated.
  • Clinical and pre-clinical activities by biologics and drug delivery partners have resumed, potentially accelerating therapy regulatory pathways.
  • The company is collaborating with over 30 partners in the drug delivery sector and anticipates further partnerships in the latter half of 2021.
  • Development and production teams are on schedule for all programs announced in February, maintaining planned timelines and key milestones.

Headline financials

Total Revenue

$3.41M

Previous: $2.48M+37.7%
EPS (adj)

-$0.17

Previous: -$0.11-54.5%
Capital Expenditures

-$5K

No prior period
Free Cash Flow

-$3.75M

Previous: -$1.66M-125.6%
Net Income

-$3.74M

Previous: -$1.66M-125.3%
Operating Income

-$3.41M

Previous: -$1.47M-131.0%
Gross Profit

$2.29M

Previous: $1.84M+24.7%
Cash & Equivalents

$61.5M

Previous: $16M+283.8%
Total Assets

$72.3M

Previous: $23M+214.0%
Stock-Based Comp

$247K

No prior period

Revenue & EPS history

ClearPoint Neuro · Revenue · Quarterly

$3.41M

Q2 2021+37.7%vs Q2 2020
Beat estimate in 6 of 8 quarters(75%)
ActualEstimate

Revenue by segment

ClearPoint Neuro · $1.4M total across 1 segment · Q2 2021

  • Biologics and Drug Delivery
    $1.4M+16.7%

Forward guidance

ClearPoint Neuro estimates cases supported by their clinical team will be in the range of 900 - 1000, and revenues will be in the range of $16.0 - $17.5 million for 2021.

Headwinds

  • Potential impact from the new Delta wave of COVID-19 cases is being monitored.
  • Pressure on elective procedures at several customer sites due to hospital ICU beds filling up.
  • COVID-19 pandemic and the measures adopted to contain its spread may impact the company's results.
  • Future revenue from sales of the Company’s ClearPoint Neuro Navigation System products is uncertain.
  • The Company’s ability to market, commercialize and achieve broader market acceptance for the Company’s ClearPoint Neuro Navigation System products is not guaranteed.

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 2021

Historical avgQ2 2021

-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

Earnings price reactions
QuarterReport dateReaction (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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