NASDAQ$LUNG

Pulmonx Corporation · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Pulmonx achieved record sales and a gross margin improvement, driven by strong performance in less COVID-impacted geographies.

Pulmonx reported a 25% increase in worldwide revenue to $13.3 million for Q3 2021, with a gross margin of 73%. The company is maintaining its full year 2021 revenue guidance in the range of $49 to $51 million.

  • Worldwide revenue reached $13.3 million, a 25% increase year-over-year.
  • Gross margin improved to 73% compared to 70% in the same period last year.
  • Added 18 new U.S. Zephyr® Valve treating centers, bringing the total to 198.
  • Over 25,000 patients worldwide have been treated with Zephyr® Valves.

Headline financials

Total Revenue

$13.3M

Previous: $10.6M+25.0%
EPS (adj)

-$0.28

Previous: -$1.37+79.6%
Capital Expenditures

-$2.52M

Previous: -$218K-1057.3%
Free Cash Flow

-$12.7M

Previous: -$4.08M-211.5%
Net Income

-$10.2M

Previous: -$3.86M-163.8%
Operating Income

-$9.76M

Previous: -$5.35M-82.5%
Gross Profit

$9.74M

Previous: $7.46M+30.5%
Cash & Equivalents

$188M

Previous: $39.8M+372.5%
Total Assets

$247M

Previous: $71.2M+246.4%
Stock-Based Comp

$599K

Previous: $518K+15.6%

Revenue & EPS history

Pulmonx · Revenue · Quarterly

$13.3M

Q3 2021+25%vs Q3 2020
Beat estimate in 6 of 10 quarters(60%)
ActualEstimate

Forward guidance

Pulmonx is maintaining its full year 2021 revenue guidance in the range of $49 to $51 million. The Company expects total operating expenses for the full year 2021 to fall within the range of $83 to $85 million inclusive of stock-based compensation. The Company expects full year 2021 revenue to fall near the low end of this range, representing at least 50% growth over the Company’s full year 2020 revenue.

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 Q3 2021

Historical avgQ3 2021

-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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