NASDAQ$LUNG

Pulmonx Corporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Pulmonx's first quarter performance benefited from a strong recovery in procedure volumes and account activity.

Pulmonx reported a 17% increase in worldwide revenue, reaching $10.8 million in Q1 2022, with a gross margin of 75%. The company added 16 new U.S. treatment centers, increasing the total to 230.

  • Worldwide revenue increased by 17% to $10.8 million compared to the same period last year, and 20% on a constant currency basis.
  • Gross margin improved to 75% in the first quarter of 2022, up from 72% in the same period last year.
  • U.S. revenue grew by 40% compared to the first quarter of 2021.
  • 16 new U.S. treatment centers for Zephyr Valves were added in Q1 2022, bringing the total to 230.

Headline financials

Total Revenue

$10.8M

Previous: $9.24M+16.7%
EPS (adj)

-$0.43

Previous: -$0.34-26.5%
Capital Expenditures

-$564K

Previous: -$242K-133.1%
Free Cash Flow

-$16.4M

Previous: -$12.3M-33.4%
Net Income

-$15.8M

Previous: -$12M-31.4%
Operating Income

-$15.7M

Previous: -$12M-30.3%
Gross Profit

$8.11M

Previous: $6.61M+22.7%
Cash & Equivalents

$129M

Previous: $209M-38.3%
Total Assets

$223M

Previous: $255M-12.7%
Stock-Based Comp

$3.51M

Previous: $2.27M+54.9%

Revenue & EPS history

Pulmonx · Revenue · Quarterly

$10.8M

Q1 2022+16.7%vs Q1 2021
Beat estimate in 6 of 10 quarters(60%)
ActualEstimate

Forward guidance

Pulmonx continues to expect revenue for the full year 2022 to be in the range of $55 million to $60 million. The Company also continues to expect total operating expenses for the full year 2022 to fall within the range of $100 million to $105 million inclusive of stock-based compensation.

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 Q1 2022

Historical avgQ1 2022

-3.4%

Avg return

Earnings day

-4.1%

Avg return

5 days after

-5.3%

Avg return

30 days after

42%

10 / 24 earnings

Positive

+32.2%

Q4 2024

Best reaction

-64.7%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.5%-6.7%+12.6%
Q4 2025+0.6%-6.1%-28.2%
Q3 2025-18.9%-28.6%+29.1%
Q1 2025-21.9%-28.8%-29.6%
Q4 2024+32.2%+30.7%+17.0%
Q3 2024-7.7%+5.2%-4.7%
Q2 2024-8.1%-15.4%+3.7%
Q1 2024+23.3%+21.9%-4.7%
Q4 2023-17.7%-27.9%-36.1%
Q3 2023+6.9%+20.7%+34.2%
Q2 2023-4.1%-8.0%-26.0%
Q1 2023+1.1%-0.2%-1.5%
Q4 2022+20.8%+26.0%+27.1%
Q3 2022-64.7%-61.1%-52.3%
Q2 2022+9.2%+19.9%+5.7%
Q1 2022+0.6%-23.6%-23.9%
Q4 2021-6.9%-2.5%-12.5%
Q3 2021+7.1%+12.6%-23.7%
Q2 2020-7.6%-10.9%-1.6%
Q2 2021+0.1%+6.0%+3.3%
Q1 2020-5.8%-5.3%+9.9%
Q1 2021-8.7%-9.6%-10.3%
Q4 2020-4.1%-3.4%-20.2%
Q3 2020-4.9%-3.4%+5.6%
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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