NASDAQ$GH

Guardant Health Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported a revenue increase driven by precision oncology testing and development services.

Guardant Health reported a strong fourth quarter and full year 2019, with Q4 revenue reaching $62.9 million, a 91% increase year-over-year. The company's full year revenue grew by 137% compared to 2018. They also provided full year 2020 revenue guidance of $275.0 million to $285.0 million.

  • Revenue of $62.9 million for the fourth quarter, a 91% increase year-over-year.
  • Full year 2019 revenue of $214.4 million, a 137% increase year-over-year.
  • Received expanded Medicare local coverage determination for Guardant360 assay.
  • Initiated the NRG-GI005 COBRA study to validate the clinical utility of LUNAR-1 assay.

Headline financials

Total Revenue

$62.9M

Previous: $32.9M+91.3%
EPS (adj)

-$0.27

Previous: -$0.30+10.0%
Capital Expenditures

$7.09M

No prior period
Free Cash Flow

-$37.4M

No prior period
Net Income

-$22.1M

No prior period
Operating Income

-$26M

No prior period
Gross Profit

$41.1M

No prior period
Cash & Equivalents

$143M

No prior period
Total Assets

$963M

No prior period
Stock-Based Comp

$5.07M

No prior period

Revenue & EPS history

Guardant Health · Revenue · Quarterly

$62.9M

Q4 2019+91.3%vs Q4 2018
Beat estimate in 3 of 10 quarters(30%)
ActualEstimate

Revenue by segment

Guardant Health · $57.4M total across 1 segment · Q4 2019

  • Oncology Revenue
    $57.4M+104.3%

Forward guidance

Guardant Health expects full year 2020 revenue to be in the range of $275.0 million to $285.0 million and net loss to be in the range of $155.0 million to $160.0 million.

Tailwinds

  • Full year 2020 revenue to be in the range of $275.0 million to $285.0 million.
  • Representing 31% growth over the full year 2019 at the midpoint of the range.

Headwinds

  • Net loss is expected to be in the range of $155.0 million to $160.0 million in 2020.

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 2019

Historical avgQ4 2019

+3.8%

Avg return

Earnings day

+2.6%

Avg return

5 days after

+3.9%

Avg return

30 days after

60%

18 / 30 earnings

Positive

+41.3%

Q4 2018

Best reaction

-30.0%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.3%+6.6%+36.1%
Q4 2025-3.0%-10.4%-19.9%
Q3 2025+28.5%+35.8%+50.0%
Q1 2025+3.5%-11.2%-14.0%
Q4 2024-9.6%-8.9%-2.7%
Q3 2024+21.6%+24.8%+56.8%
Q2 2024-5.9%-5.3%-26.2%
Q1 2024+20.0%+32.7%+53.8%
Q4 2023-14.3%-13.8%-23.9%
Q3 2023-8.5%-24.7%-10.2%
Q2 2023+4.6%+1.9%-3.1%
Q1 2023+17.2%+12.1%+38.5%
Q4 2022+4.4%+11.7%-12.6%
Q3 2022+3.3%-3.1%+17.5%
Q2 2022+1.6%-6.0%+2.0%
Q1 2022-30.0%-44.3%-32.3%
Q4 2021+6.0%+7.0%-4.3%
Q3 2021-3.8%-5.8%-20.8%
Q2 2021+0.2%-7.7%+15.7%
Q1 2021-3.1%-14.0%-15.8%
Q4 2020-6.7%-5.0%-15.3%
Q3 2020-0.4%-1.1%+9.0%
Q2 2020+0.6%-4.0%+6.8%
Q1 2020+9.0%+19.6%+2.9%
Q4 2019-14.7%-2.1%-25.9%
Q3 2019+11.2%+13.8%+14.4%
Q2 2019+25.8%+18.2%-5.2%
Q1 2019+17.4%+12.0%+40.3%
Q4 2018+41.3%+46.6%+7.9%
Q3 2018-6.7%+3.1%-2.7%
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017

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