NASDAQ$PLSE

Pulse Biosciences Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Pulse Biosciences reported financial results for the second quarter of 2021.

Pulse Biosciences reported a GAAP net loss of $15.3 million for the second quarter of 2021, compared to a net loss of $11.3 million for the same period in 2020. Cash, cash equivalents and investments totaled $47.4 million as of June 30, 2021, compared to $59.9 million as of March 31, 2021. The company onboarded 34 controlled launch participant clinics across the U.S., Europe and Canada.

  • CellFX System Controlled Launch Program participants totaled 49 at the end of Q2, with 34 onboarded during the quarter.
  • Initiated the transition of clinics from the Controlled Launch Program to commercial use.
  • Achieved Health Canada Approval for the CellFX System and expanded the Controlled Launch into Canada.
  • Completed $50 million common stock private placement with the Company’s Chairman Robert W. Duggan.

Headline financials

Total Revenue

$21K

Previous: $21K+0.0%
EPS (adj)

-$0.58

Previous: -$0.53-9.4%
Capital Expenditures

-$146K

Previous: -$100K-46.0%
Free Cash Flow

-$15.5M

Previous: -$11.4M-35.3%
Net Income

-$15.3M

Previous: -$11.3M-35.2%
Operating Income

-$14.8M

Previous: -$11.3M-30.5%
Gross Profit

$21K

Previous: $21K+0.0%
Cash & Equivalents

$47.4M

Previous: $37.8M+25.6%
Total Assets

$80M

Previous: $58.4M+37.1%
Stock-Based Comp

$2.45M

No prior period

Revenue & EPS history

Pulse Biosciences · Revenue · Quarterly

$21K

Q2 2021+0%vs Q2 2020
Beat estimate in 1 of 5 quarters(20%)
ActualEstimate

Forward guidance

Pulse Biosciences anticipates ongoing commercial conversions of controlled launch participants and looks forward to a broader commercial launch late in the year.

Tailwinds

  • Anticipated ongoing commercial conversions of controlled launch participants.
  • Well positioned to drive growth through increased adoption of CellFX procedures.
  • Looking forward to a broader commercial launch late in the year.
  • Delivering the benefits of NPS technology to more patients and clinicians.
  • Continued progress on clinical initiatives intended to broaden the CellFX System’s applications in aesthetic dermatology and beyond

Headwinds

  • Future impact to the Company’s operations and financial results, if any, from COVID-19 cannot be reasonably estimated.
  • Known and unknown risks, uncertainties, and assumptions that are difficult or impossible to predict and, in some cases, beyond Pulse Biosciences’ control.
  • Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in Pulse Biosciences’ filings with the Securities and Exchange Commission.
  • The company has a history of net losses.
  • There is no guarantee of future regulatory clearances.

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 Q2 2021

Historical avgQ2 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

Earnings price reactions
QuarterReport dateReaction (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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