NASDAQ$CSTL

Castle Biosciences Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported revenues of $22.8 million and increased total dermatology test report volume by 70%.

Castle Biosciences reported strong Q2 2021 results with a 79% increase in revenue compared to Q2 2020. The company also saw a 70% increase in DecisionDx-Melanoma test reports and raised its 2021 revenue guidance to $89-93 million.

  • Revenues were $22.8 million, a 79% increase compared to $12.7 million during the same period in 2020.
  • Total gene expression profile test reports delivered in the second quarter of 2021 were 7,007, compared to 3,314 in the same period of 2020.
  • DecisionDx-Melanoma test reports delivered in the second quarter of 2021 were 5,128, compared to 3,008 in the second quarter of 2020, an increase of 70%.
  • The company is raising 2021 revenue guidance to $89-93 million from $80-83 million.

Headline financials

Total Revenue

$22.8M

Previous: $12.7M+79.0%
EPS (adj)

-$0.34

Previous: -$0.08-325.0%
DecisionDx-Melanoma

5.1K

Previous: 3.0K+70.5%
Capital Expenditures

-$1.66M

Previous: -$2.26M+26.3%
Free Cash Flow

-$10.5M

Previous: -$3.63M-187.8%
Net Income

-$8.79M

Previous: -$1.38M-538.9%
Operating Income

-$8.81M

Previous: -$645K-1265.9%
Gross Profit

$19.1M

Previous: $10.6M+80.3%
Cash & Equivalents

$368M

Previous: $180M+104.9%
Total Assets

$436M

Previous: $202M+116.1%
Stock-Based Comp

$4.77M

Previous: $1.65M+188.3%

Revenue & EPS history

Castle Biosciences · Revenue · Quarterly

$22.8M

Q2 2021+79%vs Q2 2020
Beat estimate in 5 of 11 quarters(45%)
ActualEstimate

Forward guidance

Castle Biosciences is increasing its previously issued guidance for anticipated total revenue in 2021. The Company now anticipates generating $89-93 million in total revenue in 2021, compared to the previously provided guidance of $80-83 million.

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 Q2 2021

Historical avgQ2 2021

+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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