NASDAQ$EXAS

Exact Sciences Corp · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Announced second quarter 2020 results, demonstrating revenue growth despite screening revenue decrease and highlighting precision oncology and COVID-19 testing revenue.

Exact Sciences Corp. reported revenue of $268.9 million for the second quarter ended June 30, 2020, compared to $199.9 million for the same period of 2019. Screening revenue decreased by 34 percent, while Precision Oncology and COVID-19 testing contributed $103.0 million and $34.6 million, respectively. The company's net loss was $86.1 million, or $0.58 per share.

  • Total revenue reached $268.9 million, an increase from $199.9 million in the same period last year.
  • Screening revenue experienced a 34% decrease.
  • Precision Oncology revenue was $103.0 million.
  • COVID-19 testing revenue contributed $34.6 million.

Headline financials

Total Revenue

$269M

Previous: $200M+34.5%
EPS (adj)

-$0.58

Previous: -$0.30-93.3%
Gross Margin

63.0%

No prior period
Adjusted Gross Margin

71.0%

No prior period
Adjusted EBITDA

-$4.9M

No prior period
Capital Expenditures

-$33.5M

Previous: -$79.4M+57.9%
Free Cash Flow

-$90.2M

Previous: -$137M+34.0%
Net Income

-$86.1M

Previous: -$38.4M-124.2%
Operating Income

-$67M

Previous: -$33.8M-98.1%
Gross Profit

$191M

Previous: $148M+28.8%
Cash & Equivalents

$704M

Previous: $205M+243.3%
Total Assets

$4.47B

Previous: $1.78B+150.7%
Stock-Based Comp

$40M

Previous: $20.1M+98.8%

Revenue & EPS history

Exact Sciences · Revenue · Quarterly

$269M

Q2 2020+34.5%vs Q2 2019
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

Exact Sciences · $234M total across 2 segments · Q2 2020

  • Screening
    $131M-34.3%
  • Precision Oncology
    $103M

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 Q2 2020

Historical avgQ2 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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