NASDAQ$CSTL

Castle Biosciences Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong financial and operational performance, driven by growth in test report volume and revenue, and raised 2022 revenue guidance.

Castle Biosciences reported a 53% increase in revenue compared to Q2 2021, reaching $34.8 million. The company delivered 11,034 total test reports, a 57% increase over the same period last year. They are raising 2022 revenue guidance to $130-135 million.

  • Revenue increased 53% over Q2 2021 to $34.8 million.
  • Total test reports delivered increased 57% compared to Q2 2021, reaching 11,034.
  • Skin cancer gene expression profile test report volume increased 44% compared to Q2 2021.
  • 2022 Revenue Guidance raised to $130–135 million from $118–123 million.

Headline financials

Total Revenue

$34.8M

Previous: $22.8M+53.1%
EPS (adj)

-$0.77

Previous: -$0.34-126.5%
Total Test Reports

11.0K

No prior period
DecisionDx-Melanoma

7.1K

Previous: 5.1K+38.9%
Capital Expenditures

-$1.81M

Previous: -$1.66M-8.7%
Free Cash Flow

-$3.46M

Previous: -$10.5M+67.0%
Net Income

-$1.65M

Previous: -$8.79M+81.3%
Operating Income

-$3.97M

Previous: -$8.81M+54.9%
Gross Profit

$27.2M

Previous: $19.1M+42.4%
Cash & Equivalents

$273M

Previous: $368M-25.8%
Total Assets

$458M

Previous: $436M+5.2%
Stock-Based Comp

$8.78M

Previous: $4.77M+84.3%

Revenue & EPS history

Castle Biosciences · Revenue · Quarterly

$34.8M

Q2 2022+53.1%vs Q2 2021
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Forward guidance

Castle Biosciences is increasing its previously issued guidance for anticipated total revenue in 2022. The Company now anticipates generating $130–135 million in total revenue in 2022, compared to the previously provided guidance of $118–123 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 2022

Historical avgQ2 2022

+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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