NASDAQ$NEO

NeoGenomics Inc. · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported a robust third quarter, marked by revenue growth and strategic investments.

NeoGenomics reported a 20% increase in consolidated revenue, reaching $125 million in Q3 2020. The company saw growth in both Clinical Services and Pharma Services, driven by increased test volume and strategic investments in areas such as global Pharma Services, Informatics, and liquid biopsy.

  • Consolidated revenue increased by 20% to $125 million.
  • Clinical Services revenue grew by 17% to $109 million, driven by COVID-19 PCR testing revenue of $17 million.
  • Pharma Services revenue increased by 38% to $17 million due to growth in clinical trials.
  • Pharma Services backlog increased 57% to $185 million.

Headline financials

Total Revenue

$125M

Previous: $105M+19.8%
EPS (adj)

$0.06

Previous: $0.07-14.3%
Average revenue per clinical test

$359.00

Previous: $369.00-2.7%
Gross profit margin (GAAP)

43.1%

No prior period
Adjusted EBITDA (non-GAAP)

$17M

Previous: $15M+13.3%
Number of tests performed

255.5K

Previous: 250.5K+2.0%
Capital Expenditures

-$17.6M

Previous: -$14M-26.1%
Free Cash Flow

-$15M

Previous: -$11.8M-27.3%
Net Income

$2.56M

Previous: $2.14M+19.3%
Operating Income

$4.67M

Previous: $3.66M+27.6%
Gross Profit

$54.1M

Previous: $50.8M+6.4%
Cash & Equivalents

$233M

Previous: $179M+30.4%
Total Assets

$959M

Previous: $711M+34.9%

Revenue & EPS history

NeoGenomics · Revenue · Quarterly

$125M

Q3 2020+19.8%vs Q3 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

NeoGenomics did not provide specific forward guidance in this earnings report.

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 2020

Historical avgQ3 2020

+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%

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