NASDAQ$EXAS

Exact Sciences Corp · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Exact Sciences reported strong Q4 2020 results, driven by its screening and precision oncology segments, despite challenges posed by the pandemic.

Exact Sciences Corp. announced Q4 2020 revenue of $466.3 million and full year revenue of $1,491.4 million. The company's performance was driven by its Cologuard and Oncotype tests. The company reported a net loss of $(436.8) million, or $(2.79) per share, and adjusted EBITDA of $87.9 million.

  • Total revenue for Q4 2020 was $466.3 million.
  • Screening revenue increased to $249.7 million, a 9% increase year-over-year.
  • Precision Oncology revenue was $117.6 million.
  • COVID-19 testing revenue was $99.1 million.

Headline financials

Total Revenue

$466M

Previous: $296M+57.8%
EPS (adj)

-$0.15

Previous: -$0.37+59.5%
Gross Margin

74.0%

Previous: 72.0%+2.8%
Adjusted Gross Margin

79.0%

Previous: 76.0%+3.9%
Adjusted EBITDA

$87.9M

Previous: $9.7M+806.2%
Capital Expenditures

$16.6M

Previous: $40.8M-59.4%
Free Cash Flow

$94.8M

Previous: -$69.5M+236.4%
Net Income

-$437M

Previous: $77.9M-660.4%
Operating Income

-$415M

Previous: -$96.1M-332.1%
Gross Profit

$346M

Previous: $213M+62.3%
Cash & Equivalents

$1.49B

Previous: $177M+741.3%
Total Assets

$4.93B

Previous: $3.51B+40.5%
Stock-Based Comp

$41.8M

Previous: $47.8M-12.5%

Revenue & EPS history

Exact Sciences · Revenue · Quarterly

$466M

Q4 2020+57.8%vs Q4 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Exact Sciences · $367M total across 2 segments · Q4 2020

  • Screening
    $250M+8.8%
  • Precision Oncology
    $118M+77.6%

Forward guidance

The company did not provide specific forward guidance in this earnings report.

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 Q4 2020

Historical avgQ4 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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