NASDAQ$CSTL

Castle Biosciences Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Announced financial results, demonstrating revenue growth and strategic acquisitions.

Castle Biosciences reported a 45% increase in revenue for Q4 2021 compared to the same period in 2020, with significant growth in total gene expression profile test reports delivered. The company's full-year revenue increased by 50% compared to 2020. They also successfully completed two acquisitions.

  • Revenues increased by 45% to $25.0 million compared to Q4 2020.
  • Total gene expression profile test reports delivered increased by 60% to 8,242.
  • Gross margin for the quarter was 77.6%, with an adjusted gross margin of 82.2%.
  • Net loss for the quarter was $(6.4) million, compared to $(4.9) million for the same period in 2020.

Headline financials

Total Revenue

$25M

Previous: $17.3M+44.7%
EPS (adj)

-$0.25

Previous: -$0.17-47.1%
Capital Expenditures

$893K

Previous: $589K+51.6%
Free Cash Flow

-$3.67M

Previous: -$1.02M-260.5%
Net Income

-$6.43M

Previous: -$4.89M-31.5%
Operating Income

-$15.2M

Previous: -$3.03M-400.4%
Gross Profit

$19.4M

Previous: $14.6M+32.9%
Cash & Equivalents

$330M

Previous: $410M-19.6%
Total Assets

$463M

Previous: $439M+5.3%
Stock-Based Comp

$6.85M

Previous: $2.96M+131.4%

Revenue & EPS history

Castle Biosciences · Revenue · Quarterly

$25M

Q4 2021+44.7%vs Q4 2020
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Forward guidance

The Company anticipates generating between $115-120 million in total revenue in 2022, including expected revenue from the TissueCypher Barrett’s esophagus test.

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 Q4 2021

Historical avgQ4 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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