NASDAQ$PLSE
Pulse Biosciences Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Pulse Biosciences reported financial results for the first quarter of 2021.
Pulse Biosciences reported a GAAP net loss of $18.6 million for the first quarter of 2021, compared to a net loss of $11.9 million for the same period in the prior year. The company's cash, cash equivalents and investments totaled $59.9 million as of March 31, 2021, compared to $20.5 million as of December 31, 2020. The company onboarded the first 15 participating U.S. and European aesthetic specialty practices in the first quarter for CellFX® System Controlled Launch program.
- Commenced the CellFX® System Controlled Launch program and onboarded the first 15 participating U.S. and European aesthetic specialty practices in the first quarter
- Submitted anticipated final response to Health Canada regarding the CellFX System Medical Device License
- Received FDA IDE approval for a feasibility study to assess the treatment of basal cell carcinoma using the CellFX System
- Continued patient enrollment and treatments in an FDA IDE approved pivotal comparison study to assess the treatment of cutaneous non-genital warts using the CellFX System; 51 of 150 patients have been enrolled to date
Headline financials
Revenue & EPS history
Pulse Biosciences · Revenue · Quarterly
$78K
Forward guidance
Pulse Biosciences is focused on the commercial launch of the CellFX System and expanding its applications outside of aesthetic dermatology.
Tailwinds
- Anticipate completion of the review by the end of the second quarter
- Enrollment of 30 patients is planned to begin in the second quarter and to be completed by the end of the third quarter
- Completion expected as early as the end of the second quarter or early in the third quarter
- Rollout of Controlled Launch program of the CellFX System integrated with CellFX CloudConnect services in both these important markets
- Pursuing additional applications of our CellFX System outside of aesthetic dermatology
Headwinds
- Future impact to the Company’s operations and financial results cannot be reasonably estimated
- The company used $10.7 million in cash during the quarter, excluding proceeds from financing activities
- GAAP operating expenses increased to $18.5 million from $12.0 million in the prior year period
- GAAP net loss increased to $18.6 million from $11.9 million in the prior year period
- Expansion of commercial and operational infrastructure, including increased headcount, impacted operating expenses
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 2021
-0.0%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+9.3%
Avg return
30 days after
49%
19 / 39 earnings
Positive
+33.9%
Q4 2022
Best reaction
-36.5%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.6% | -4.6% | +34.5% | |
| Q4 2025 | -14.4% | -23.4% | -11.9% | |
| Q3 2025 | -1.2% | -6.1% | -20.0% | |
| Q1 2025 | +1.4% | -3.3% | +1.5% | |
| Q4 2024 | +6.0% | +6.8% | +14.4% | |
| Q3 2024 | +2.3% | -10.9% | +25.6% | |
| Q2 2024 | +8.1% | +21.5% | +9.5% | |
| Q1 2024 | -10.7% | -3.6% | +88.2% | |
| Q4 2023 | -4.9% | -8.5% | -14.4% | |
| Q3 2023 | +12.8% | +18.6% | +95.5% | |
| Q2 2023 | -0.4% | +9.2% | -35.3% | |
| Q1 2023 | -2.5% | -4.6% | -16.0% | |
| Q4 2022 | +33.9% | +57.4% | +156.6% | |
| Q3 2022 | +10.9% | +12.5% | +57.1% | |
| Q2 2022 | +8.7% | +10.6% | +1.2% | |
| Q1 2022 | -36.5% | -7.7% | -3.9% | |
| Q4 2021 | -28.4% | -25.0% | -49.6% | |
| Q3 2021 | -0.2% | -1.5% | -21.4% | |
| Q2 2021 | +7.9% | -2.1% | +2.1% | |
| Q1 2021 | +4.8% | +1.7% | +3.6% | |
| Q4 2020 | -9.2% | -17.5% | -35.1% | |
| Q3 2020 | +15.9% | +22.3% | +40.5% | |
| Q2 2020 | -6.4% | -6.1% | -15.0% | |
| Q1 2020 | +18.8% | -1.7% | -27.2% | |
| Q4 2019 | +21.1% | +5.2% | +14.6% | |
| Q3 2019 | -3.5% | -2.8% | -1.7% | |
| Q2 2019 | -2.5% | +4.6% | +16.1% | |
| Q1 2019 | -32.5% | -22.1% | -26.8% | |
| Q4 2018 | +4.0% | +11.3% | +9.4% | |
| Q3 2018 | +22.7% | +32.7% | +17.3% | |
| Q2 2018 | -0.9% | -6.7% | +4.1% | |
| Q1 2018 | -14.7% | -25.1% | -12.4% | |
| Q4 2017 | +0.1% | +1.8% | +38.5% | |
| Q3 2017 | +9.1% | +18.0% | -11.0% | |
| Q2 2017 | -16.6% | -11.6% | -25.2% | |
| Q1 2017 | -9.5% | -14.7% | +24.9% | |
| Q4 2016 | +6.4% | +18.7% | +12.7% | |
| Q3 2016 | +0.0% | -0.7% | -10.6% | |
| Q2 2016 | +1.5% | +2.2% | +31.3% | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — |
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