NASDAQ$CSTL

Castle Biosciences Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported increased revenue and DecisionDx-Melanoma test report volume.

Castle Biosciences reported a strong first quarter with a 100% increase in revenue to $17.4 million compared to Q1 2019. The company delivered 4,574 DecisionDx-Melanoma test reports, a 42% increase year-over-year. However, due to the COVID-19 pandemic, the company has suspended its 2020 revenue guidance.

  • Revenue increased by 100% to $17.4 million compared to Q1 2019.
  • DecisionDx-Melanoma test report volume increased by 42% compared to Q1 2019, with 4,574 reports delivered.
  • New ordering clinicians for DecisionDx-Melanoma grew 43% compared to the same period in 2019.
  • Gross margin was 86% in the first quarter of 2020.

Headline financials

Total Revenue

$17.4M

Previous: $8.72M+99.8%
EPS (adj)

$0.03

Previous: -$1.49+102.0%
DecisionDx-Melanoma

4.6K

Previous: 3.2K+41.5%
Capital Expenditures

-$500K

Previous: $244K-304.9%
Free Cash Flow

$70K

Previous: $1.04M-93.3%
Net Income

$570K

Previous: -$1.36M+142.0%
Operating Income

$1.04M

Previous: -$321K+422.3%
Gross Profit

$15M

Previous: $7.12M+111.1%
Cash & Equivalents

$98.7M

Previous: $16.2M+507.8%
Total Assets

$120M

No prior period
Stock-Based Comp

$1.58M

Previous: $168K+838.7%

Revenue & EPS history

Castle Biosciences · Revenue · Quarterly

$17.4M

Q1 2020+99.8%vs Q1 2019
Beat estimate in 4 of 10 quarters(40%)
ActualEstimate

Forward guidance

Castle Biosciences has suspended its previously announced annual revenue guidance for 2020 due to uncertainties regarding the duration and impact of the COVID-19 pandemic.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.1%

Avg return

Earnings day

-2.1%

Avg return

5 days after

+0.7%

Avg return

30 days after

41%

13 / 32 earnings

Positive

+21.8%

Q3 2025

Best reaction

-28.0%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.6%-22.6%-14.4%
Q4 2025-7.3%-11.6%-26.2%
Q3 2025+21.8%+27.1%+52.4%
Q1 2025-11.7%-10.5%-9.2%
Q4 2024-14.2%-15.7%-21.1%
Q3 2024-6.0%+0.4%-3.8%
Q2 2024+11.8%+20.4%+29.8%
Q1 2024+10.5%+8.1%+5.6%
Q4 2023-28.0%-15.4%-11.7%
Q3 2023+14.5%+14.6%+27.2%
Q2 2023+12.3%+7.0%+17.6%
Q1 2023-0.2%+2.6%+3.0%
Q4 2022-7.7%-0.3%-10.2%
Q3 2022-6.0%-23.7%-0.4%
Q2 2022+0.3%+11.1%-12.6%
Q1 2022-4.1%-6.8%+3.1%
Q4 2021+4.5%-5.4%-1.5%
Q3 2021-7.2%-13.2%-23.2%
Q2 2021-4.9%-10.3%+6.5%
Q1 2021-9.5%-8.5%+17.5%
Q4 2020-9.9%-6.9%+2.3%
Q3 2020-3.3%-2.6%+12.3%
Q2 2020+0.1%-1.1%+19.8%
Q1 2020+17.1%+18.9%+22.4%
Q1 2019+17.1%+18.9%+22.4%
Q1 2018-1.5%-18.2%-4.7%
Q4 2019-1.5%-18.2%-4.7%
Q3 2018+20.0%-7.0%-6.1%
Q3 2019+18.2%+30.3%+32.9%
Q2 2018-6.9%-9.0%-33.8%
Q2 2019-6.9%-9.0%-33.8%
Q4 2018-6.9%-9.0%-33.8%

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