NASDAQ$MYGN

Myriad Genetics Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported first quarter revenue and reiterated guidance for 2022.

Myriad Genetics reported revenue of $164.9 million for the first quarter of 2022, representing an 11% increase year-over-year excluding revenue from divested businesses. The company's GAAP earnings per share (EPS) improved to $(0.26), and adjusted EPS improved to $(0.03).

  • Revenue of $164.9 million for the quarter ended March 31, 2022.
  • Excluding revenue from divested businesses, revenue increased 11% year-over-year.
  • Diluted GAAP earnings per share (EPS) of $(0.26) and adjusted EPS of $(0.03) in the first quarter of 2022 improved by $0.26 and $0.03 year-over-year, respectively.
  • Ended the quarter with $339.2 million in cash, cash equivalents and investments.

Headline financials

Total Revenue

$165M

Previous: $145M+13.6%
EPS (adj)

-$0.03

Previous: -$0.06+50.0%
Total Test Volumes

241.0K

Previous: 219.1K+10.0%
GAAP Gross Margin

70.9%

No prior period
Free Cash Flow

-$20.5M

Previous: -$15.2M-34.9%
Net Income

-$20.5M

Previous: -$15.2M-34.9%
Operating Income

-$25.6M

Previous: -$39.6M+35.4%
Gross Profit

$117M

Previous: $108M+8.7%
Cash & Equivalents

$165M

Previous: $118M+39.6%
Total Assets

$1.26B

Previous: $1.44B-13.1%
Stock-Based Comp

$10.1M

Previous: $9M+12.2%

Revenue & EPS history

Myriad Genetics · Revenue · Quarterly

$165M

Q1 2022+13.6%vs Q1 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Myriad Genetics · $135M total across 3 segments · Q1 2022

  • Hereditary Cancer
    $70.9M-6.8%
  • Tumor Profiling
    $32.5M+4.8%
  • Prenatal
    $31.9M+34.6%

Forward guidance

Myriad Genetics reiterated its fiscal year 2022 financial guidance.

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

-2.7%

Avg return

Earnings day

-6.0%

Avg return

5 days after

-4.5%

Avg return

30 days after

45%

29 / 65 earnings

Positive

+20.4%

Q3 2017

Best reaction

-43.7%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-18.3%-16.3%-9.1%
Q4 2025+5.7%+5.3%+5.5%
Q3 2025-21.0%-23.0%-10.4%
Q1 2025-41.3%-41.5%-30.0%
Q4 2024-14.8%-22.1%-33.1%
Q3 2024-0.9%-8.0%-13.9%
Q2 2024+3.1%+8.2%+7.0%
Q1 2024+19.9%+27.5%+11.7%
Q4 2023-5.8%-3.3%-7.0%
Q3 2023+4.3%-3.3%+5.6%
Q2 2023-9.3%-19.9%-15.4%
Q1 2023-0.8%-13.8%+10.2%
Q4 2022+14.6%+24.5%+20.5%
Q3 2022-21.4%-20.3%-1.9%
Q2 2022+5.9%+1.0%-15.9%
Q1 2022-1.6%-9.1%-11.7%
Q4 2021+3.7%-1.3%+6.5%
Q3 2021-6.1%-1.5%-18.1%
Q2 2021+12.8%+11.6%+16.9%
Q1 2021+4.6%-6.5%-6.8%
Q4 2020-3.1%+8.6%+1.7%
Q3 2020-6.7%-4.1%+4.4%
Q2 2020-28.8%-33.2%-44.6%
Q1 2020-38.1%-30.1%-23.6%
Q4 2019-43.7%-44.0%-39.0%
Q3 2019-22.9%-19.9%-28.9%
Q2 2019+3.3%+6.1%+4.3%
Q1 2019-14.3%-19.5%-16.1%
Q4 2018+15.0%+16.0%+13.0%
Q3 2018+15.1%+20.3%+35.0%
Q2 2018-1.7%-4.2%-7.5%
Q1 2018-0.6%+4.1%+9.1%
Q4 2017+11.0%+10.1%+28.6%
Q3 2017+20.4%+19.8%+9.5%
Q2 2017+6.6%+3.2%+23.6%
Q1 2017-16.8%-16.4%-15.6%
Q4 2016-34.3%-28.2%-32.4%
Q3 2016-7.4%
Q2 2016-7.1%
Q1 2016+10.2%
Q4 2015+5.0%
Q3 2015-2.5%
Q2 2015-7.4%
Q1 2015-12.3%
Q4 2014-5.8%
Q3 2014-10.0%
Q2 2014+14.1%
Q1 2014-0.0%
Q4 2013-7.7%
Q3 2013+9.0%
Q2 2013-2.6%
Q1 2013+13.5%
Q4 2012-1.0%
Q3 2012+1.7%
Q2 2012+3.1%
Q1 2012-0.7%
Q4 2009+4.7%
Q4 2011+4.7%
Q3 2010+5.7%
Q3 2011+5.7%
Q2 2011-0.7%
Q2 2010-0.7%
Q1 2010+5.5%
Q1 2011+5.5%
Q4 2010+5.5%

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