NASDAQ$CLPT

ClearPoint Neuro Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported record revenues.

ClearPoint Neuro reported a 21% year-over-year increase in fourth quarter revenue, reaching $5.2 million. The company's full-year revenue grew by 26% to $20.6 million. They also reiterated their 2023 revenue forecast of between $25 and $27 million.

  • Reported fourth quarter 2022 revenue of $5.2 million, a 21% year-over-year increase compared with the fourth quarter of 2021.
  • Reported revenue of $20.6 million for the full year 2022, an increase of 26% over 2021 and representing the eighth consecutive year of growth.
  • Increased biologics and drug delivery revenue to $9.1 million for the full year 2022, a 34% increase over 2021.
  • Cash and short-term investments totaled $37.5 million as of December 31, 2022.

Headline financials

Total Revenue

$5.17M

Previous: $4.28M+20.8%
EPS (adj)

-$0.18

Previous: -$0.19+5.3%
Capital Expenditures

$39K

Previous: $38K+2.6%
Free Cash Flow

-$3.1M

Previous: -$3.59M+13.5%
Net Income

-$16.4M

Previous: -$4.15M-296.1%
Operating Income

-$16.3M

Previous: -$3.98M-310.1%
Gross Profit

$3.32M

Previous: $3.29M+0.8%
Cash & Equivalents

$27.6M

Previous: $54.1M-49.0%
Total Assets

$55.5M

Previous: $65.6M-15.4%
Stock-Based Comp

$1.17M

Previous: $925K+26.7%

Revenue & EPS history

ClearPoint Neuro · Revenue · Quarterly

$5.17M

Q4 2022+20.8%vs Q4 2021
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

ClearPoint Neuro · $3.5M total across 1 segment · Q3 2023

  • Biologics and Drug Delivery
    $3.5M+59.1%

Forward guidance

ClearPoint Neuro expects growth of more than 20% in 2023 and is reiterating its 2023 revenue forecast of between $25 and $27 million.

Tailwinds

  • Expected growth of more than 20% in 2023
  • Competitiveness of laser system
  • Cadence of pharma partners’ continuing progress through the global regulatory process for new gene and cell therapies

Headwinds

  • Impact of the COVID-19 pandemic
  • Global instability
  • Supply chain disruptions
  • Labor shortages
  • Macroeconomic and inflationary conditions

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 Q4 2022

Historical avgQ4 2022

-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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