NASDAQ$LUNG

Pulmonx Corporation · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Achieved record revenue driven by growth in the U.S. and improved gross margin.

Pulmonx reported a strong second quarter with worldwide revenue reaching $14.0 million, a 14% increase year-over-year. The company also achieved a gross margin of 75% and added 18 new U.S. treatment centers for Zephyr Valves.

  • Worldwide revenue reached a new high of $14.0 million, a 14% increase year-over-year and 19% on a constant currency basis.
  • Gross margin improved to 75% compared to 74% in the same period last year.
  • 18 new U.S. treatment centers were added for Zephyr Valves, bringing the total to 248.
  • A study showed that Zephyr Valves improved cardiac function in severe COPD/emphysema patients.

Headline financials

Total Revenue

$14M

Previous: $12.2M+14.3%
EPS (adj)

-$0.40

Previous: -$0.34-17.6%
Capital Expenditures

-$863K

Previous: -$903K+4.4%
Free Cash Flow

-$15.5M

Previous: -$13.3M-16.7%
Net Income

-$14.6M

Previous: -$12.4M-18.3%
Operating Income

-$14.4M

Previous: -$12.1M-19.1%
Gross Profit

$10.4M

Previous: $9.03M+15.4%
Cash & Equivalents

$122M

Previous: $199M-38.6%
Total Assets

$213M

Previous: $249M-14.5%
Stock-Based Comp

$4.38M

Previous: $2.31M+89.6%

Revenue & EPS history

Pulmonx · Revenue · Quarterly

$14M

Q2 2022+14.3%vs Q2 2021
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Forward guidance

Pulmonx expects full year 2022 revenue to be in the range of $55 million to $60 million and total operating expenses to be in the range of $100 million to $105 million.

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 Q2 2022

Historical avgQ2 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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