NASDAQ$NEO

NeoGenomics Inc. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

NeoGenomics reported a slight revenue increase, but experienced a net loss due to increased operating expenses and amortization of acquired technology.

NeoGenomics reported a 1% increase in consolidated revenue to $117 million for Q1 2022. Clinical Services revenue increased by 2%, while Pharma Services revenue decreased by 4%. The company experienced a net loss of $49 million, compared to a net loss of $22 million in the same period last year, due to increased operating expenses and amortization of acquired technology.

  • Consolidated revenue increased 1% to $117 million.
  • Clinical Services revenue increased 2% to $99 million.
  • Pharma Services revenue decreased 4% to $18 million.
  • Net loss for the quarter was $49 million.

Headline financials

Total Revenue

$117M

Previous: $116M+1.4%
EPS (adj)

-$0.20

Previous: -$0.04-400.0%
Average revenue per clinical test

$371.00

Previous: $364.00+1.9%
Gross profit margin (GAAP)

32.6%

Previous: 36.0%-9.4%
Adjusted EBITDA (non-GAAP)

-$19M

Previous: $4M-575.3%
Number of tests performed

266.0K

Previous: 260.9K+2.0%
Capital Expenditures

-$8.22M

Previous: -$15.8M+48.1%
Free Cash Flow

-$57.6M

Previous: -$37.9M-51.9%
Net Income

-$49.4M

Previous: -$22.1M-123.4%
Operating Income

-$52M

Previous: -$15.1M-244.4%
Gross Profit

$38.2M

Previous: $41.6M-8.0%
Cash & Equivalents

$306M

Previous: $612M-50.0%
Total Assets

$1.83B

Previous: $1.49B+22.4%

Revenue & EPS history

NeoGenomics · Revenue · Quarterly

$117M

Q1 2022+1.4%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

The company is focused on improving operating performance and returning to profitable growth.

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

+2.1%

Avg return

Earnings day

+3.4%

Avg return

5 days after

+2.7%

Avg return

30 days after

53%

34 / 64 earnings

Positive

+28.1%

Q3 2013

Best reaction

-34.0%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.8%+9.6%+18.4%
Q4 2025+0.5%-13.1%-28.1%
Q3 2025-2.5%-3.8%+19.4%
Q1 2025-34.0%-22.8%-26.1%
Q4 2024-13.9%-23.0%-31.1%
Q3 2024+9.3%+11.5%+21.6%
Q2 2024+16.1%+15.4%+9.7%
Q1 2024-8.3%+0.5%-8.0%
Q4 2023+14.8%+16.9%+7.5%
Q3 2023+9.6%+3.2%+19.1%
Q2 2023-6.2%-11.0%-11.3%
Q1 2023+19.2%+26.4%+13.9%
Q4 2022+18.2%+26.2%+26.4%
Q3 2022+23.1%+58.5%+70.0%
Q2 2022+16.1%+23.4%+3.6%
Q1 2022-10.1%-10.1%-18.1%
Q4 2021+11.2%+14.4%-6.0%
Q3 2021-11.1%-6.7%-34.5%
Q2 2021-4.6%-12.7%+7.7%
Q1 2021-11.6%-19.5%-14.0%
Q4 2020-4.0%+0.3%-12.5%
Q3 2020-5.0%-6.5%+9.0%
Q2 2020+1.9%+3.8%+2.4%
Q1 2020+2.4%-14.1%-8.7%
Q4 2019-5.5%-0.2%-14.3%
Q3 2019+11.3%+8.7%+23.7%
Q2 2019+0.3%+4.6%+2.0%
Q1 2019+2.9%+11.3%+2.4%
Q4 2018+4.6%+7.6%+12.5%
Q3 2018+15.0%+12.1%+3.7%
Q2 2018-1.6%-1.5%-1.9%
Q1 2018+5.2%+7.0%+21.1%
Q4 2017+12.1%+15.8%+9.9%
Q3 2017+4.2%+3.2%+12.2%
Q2 2017+2.5%+2.5%+3.5%
Q1 2017-11.6%-12.2%-13.3%
Q4 2016+1.6%+3.4%-3.2%
Q3 2016+11.6%+10.1%+29.4%
Q2 2016-1.5%-5.7%-14.4%
Q1 2016+5.8%
Q4 2015+7.7%
Q3 2015+0.7%
Q2 2015-4.6%
Q1 2015+0.0%
Q4 2014+0.5%
Q3 2014+6.0%
Q2 2014+24.2%
Q1 2014+8.9%
Q4 2013-10.6%
Q3 2013+28.1%
Q2 2013-3.5%
Q1 2013-1.1%
Q4 2012-10.9%
Q3 2012+0.0%
Q2 2012-3.5%
Q1 2011-0.6%
Q1 2012+0.0%
Q4 2011+0.6%
Q3 2011+0.0%
Q2 2011-3.4%
Q4 2010-3.7%
Q3 2010+9.1%
Q2 2010+0.0%
Q1 2010-1.4%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro