NASDAQ$OSUR

OraSure Technologies Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported record revenue and growth in non-COVID revenue.

OraSure Technologies reported a record revenue of $67.7 million for Q1 2022, a 16% increase year-over-year, with a 21% growth in non-COVID revenue. The company scaled InteliSwab® production, improved manufacturing efficiency, and saw strong demand for molecular kits.

  • Net revenues reached a record $67.7 million, up 16% year-over-year.
  • Diagnostic business unit revenue grew 163%, driven by InteliSwab®.
  • Molecular Solutions business unit revenue declined 33%, but non-COVID revenues grew 28%.
  • Gross margin was 36%, impacted by InteliSwab® manufacturing costs and product mix.

Headline financials

Total Revenue

$67.7M

Previous: $58.6M+15.6%
EPS (adj)

-$0.28

Previous: $0.05-660.0%
Capital Expenditures

-$20.2M

Previous: -$11.1M-82.8%
Free Cash Flow

-$40.2M

Previous: -$7.29M-451.5%
Net Income

-$20M

Previous: $3.77M-629.1%
Operating Income

-$16M

Previous: $10.4M-253.3%
Gross Profit

$24.3M

Previous: $38.3M-36.7%
Cash & Equivalents

$70.7M

Previous: $178M-60.2%
Total Assets

$436M

Previous: $456M-4.6%
Stock-Based Comp

$3.52M

Previous: $1.46M+140.7%

Revenue & EPS history

OraSure · Revenue · Quarterly

$67.7M

Q1 2022+15.6%vs Q1 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

OraSure will not be providing guidance for the second quarter given the ongoing strategic alternative process.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-2.1%

Avg return

Earnings day

+0.4%

Avg return

5 days after

-2.4%

Avg return

30 days after

39%

25 / 64 earnings

Positive

+31.7%

Q2 2023

Best reaction

-32.1%

Q2 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.2%-2.9%
Q4 2025+10.0%+6.4%+7.1%
Q3 2025-6.6%-4.3%-3.1%
Q1 2025-6.8%-5.0%+3.6%
Q4 2024-23.5%-10.8%-14.2%
Q3 2024-1.2%-1.2%-8.9%
Q2 2024+2.6%-0.2%+5.7%
Q1 2024-8.8%-6.9%-15.3%
Q4 2023+10.3%+3.7%-12.3%
Q3 2023+4.9%+14.5%+22.2%
Q2 2023+31.7%+43.9%+42.8%
Q1 2023+9.2%-20.8%-22.3%
Q4 2022+10.4%+18.8%+30.1%
Q3 2022+0.7%+20.8%+18.5%
Q2 2022+28.3%+38.6%+18.8%
Q1 2022-8.9%-3.9%-48.8%
Q4 2021-1.3%-0.8%-13.0%
Q3 2021-4.9%-7.7%-19.8%
Q2 2021+1.2%-0.7%-4.1%
Q1 2021+5.0%+5.1%+0.2%
Q4 2020-2.3%+2.1%+1.5%
Q3 2020-15.6%-15.4%-20.6%
Q2 2020-32.1%-24.6%-46.9%
Q1 2020+6.1%+15.6%-33.1%
Q4 2019-6.7%-6.1%+8.5%
Q3 2019-3.1%-6.9%-10.3%
Q2 2019-3.3%-5.2%-14.4%
Q1 2019-8.0%-12.6%-12.7%
Q4 2018-25.5%-18.3%-14.8%
Q3 2018-8.7%-6.6%-15.0%
Q2 2018-0.6%-1.0%-5.8%
Q1 2018-15.4%-11.0%-2.4%
Q4 2017-12.8%-13.4%-9.5%
Q3 2017-30.3%-26.6%-13.8%
Q2 2017+13.5%+19.4%+17.4%
Q1 2017+16.9%+10.9%+17.6%
Q4 2016+18.9%+18.9%+29.9%
Q3 2016-0.1%+1.4%+14.3%
Q2 2016+4.6%+8.5%+30.7%
Q1 2016-6.6%
Q4 2015+14.7%
Q3 2015+0.4%
Q2 2015+7.0%
Q1 2015-12.3%
Q4 2014-11.9%
Q3 2014+2.9%
Q2 2014-7.7%
Q1 2014-9.2%
Q4 2013+9.5%
Q3 2013-0.3%
Q2 2013+10.2%
Q1 2013-0.4%
Q4 2012-12.4%
Q3 2012-16.4%
Q2 2012-7.1%
Q1 2011+5.0%
Q1 2012-5.9%
Q4 2011+4.6%
Q3 2011-5.6%
Q4 2010-12.5%
Q2 2011-12.5%
Q3 2010+6.6%
Q2 2010-7.0%
Q1 2010-15.4%

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