NASDAQ$EXAS

Exact Sciences Corp · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Exact Sciences announced first quarter 2020 results with revenue of $347.8 million.

Exact Sciences Corp. reported revenue of $347.8 million for the first quarter ended March 31, 2020, compared to $162.0 million for the same period of 2019. The company's screening revenue was $219.5 million, an increase of 35 percent, while precision oncology revenue was $128.4 million. The net loss was $105.7 million, or $0.71 per share.

  • Total revenue was $347.8 million, compared to $162.0 million.
  • Screening revenue was $219.5 million, an increase of 35 percent.
  • Precision Oncology revenue was $128.4 million.
  • Net loss was $105.7 million, or $0.71 per share.

Headline financials

Total Revenue

$348M

Previous: $162M+114.6%
EPS (adj)

-$0.66

Previous: -$0.58-13.8%
Gross Margin

71.0%

No prior period
Adjusted Gross Margin

77.0%

No prior period
Adjusted EBITDA

-$8.24M

No prior period
Adjusted EBITDA Margin

-2.4%

No prior period
Capital Expenditures

-$12.7M

Previous: -$10.7M-19.0%
Free Cash Flow

-$62.5M

Previous: -$85.1M+26.5%
Net Income

-$106M

Previous: -$83.1M-27.3%
Operating Income

-$82.4M

Previous: -$68.2M-20.8%
Gross Profit

$266M

Previous: $119M+124.1%
Cash & Equivalents

$701M

Previous: $285M+145.8%
Total Assets

$4.46B

Previous: $1.77B+152.0%
Stock-Based Comp

$29.6M

Previous: $16.2M+82.9%

Revenue & EPS history

Exact Sciences · Revenue · Quarterly

$348M

Q1 2020+114.6%vs Q1 2019
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Revenue by segment

Exact Sciences · $348M total across 2 segments · Q1 2020

  • Screening
    $220M+35.5%
  • Precision Oncology
    $128M

Forward guidance

Exact Sciences plans to play an even greater role in cancer screening and guiding therapy decisions after the coronavirus pandemic abates.

Historical earnings impact

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

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.8%

Avg return

Earnings day

+2.3%

Avg return

5 days after

+3.4%

Avg return

30 days after

55%

35 / 64 earnings

Positive

+35.0%

Q2 2016

Best reaction

-27.1%

Q3 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026
Q4 2025+0.0%+0.0%+0.7%
Q3 2025+3.8%-1.2%+51.0%
Q2 2025-8.2%-11.0%+14.7%
Q1 2025+9.1%+13.0%+19.3%
Q4 2024-1.9%-0.6%-9.6%
Q3 2024-23.1%-27.6%-12.0%
Q2 2024+24.3%+19.7%+32.4%
Q1 2024-11.8%-9.5%-30.1%
Q4 2023-5.2%-8.3%-1.0%
Q3 2023+1.4%+5.9%+8.8%
Q2 2023-12.7%-12.6%-14.2%
Q1 2023+14.9%+15.5%+32.2%
Q4 2022+1.9%-5.4%+3.0%
Q3 2022+13.8%+23.9%+40.4%
Q2 2022+0.8%-0.3%-23.2%
Q1 2022-0.2%-12.1%-20.4%
Q4 2021-6.9%+5.7%-9.5%
Q3 2021-3.2%+3.3%-17.3%
Q2 2021-0.0%-3.2%-7.2%
Q1 2021-11.9%-16.8%-14.0%
Q4 2020-9.0%-4.6%-17.4%
Q3 2020+19.7%+16.2%+8.7%
Q2 2020+0.1%-1.8%-22.7%
Q1 2020+6.3%+7.7%+11.3%
Q4 2019-1.1%+1.4%-46.8%
Q3 2019-9.5%-3.1%-12.2%
Q2 2019-0.0%-2.4%+1.9%
Q1 2019-0.9%+6.7%+3.5%
Q4 2018+10.1%+10.7%+6.4%
Q3 2018+15.5%+20.7%+23.3%
Q2 2018-11.7%-12.9%+28.1%
Q1 2018+14.9%+10.5%+14.5%
Q4 2017-9.2%-4.9%-5.4%
Q3 2017+7.5%+10.8%+13.0%
Q2 2017+0.5%+0.1%+4.2%
Q1 2017+26.1%+30.1%+40.0%
Q4 2016+14.0%+7.6%+2.9%
Q3 2016-22.1%-20.5%-19.3%
Q2 2016+35.0%+39.5%+52.9%
Q1 2016-16.9%
Q4 2015-9.5%
Q3 2015+1.0%
Q2 2015-8.9%
Q1 2015+6.2%
Q4 2014-0.8%
Q3 2014+6.1%
Q2 2014+1.1%
Q1 2014+0.7%
Q4 2013+10.5%
Q3 2013-1.0%
Q2 2013-8.0%
Q1 2013+2.4%
Q4 2012+2.7%
Q3 2012+5.4%
Q2 2012+5.4%
Q1 2012+1.4%
Q4 2011+4.6%
Q3 2011-4.1%
Q2 2011-6.7%
Q1 2011+1.6%
Q4 2010+2.8%
Q3 2010-27.1%
Q2 2010+3.3%
Q1 2010+6.0%

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