NASDAQ$PLSE

Pulse Biosciences Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Revenue was generated for the first time due to the initial Controlled Launch Program participants purchasing their CellFX Systems and Cycle Units, and clinical studies were prioritized to support regulatory submissions.

Pulse Biosciences reported its Q3 2021 financial results, achieving revenue for the first time with $574 thousand. The company is focusing on clinical studies to expand the CellFX System's indications and is conducting preclinical work across other medical specialties.

  • Achieved third quarter 2021 revenue of $574 thousand from Controlled Launch Program participants acquiring CellFX Systems.
  • Onboarded 68 CellFX System Controlled Launch Program participants to date.
  • Completed enrollment of 150 patients in an FDA IDE approved pivotal comparison study for cutaneous non-genital warts.
  • Completed enrollment of 30 patients in a feasibility study for basal cell carcinoma treatment using the CellFX System.

Headline financials

Total Revenue

$574K

Previous: $9K+6277.8%
EPS (adj)

-$0.48

Previous: -$0.51+5.9%
Capital Expenditures

-$303K

Previous: -$162K-87.0%
Free Cash Flow

-$14.6M

Previous: -$13.1M-11.7%
Net Income

-$14.3M

Previous: -$12.9M-10.7%
Operating Income

-$14.3M

Previous: -$12.9M-10.7%
Gross Profit

-$153K

Previous: $9K-1800.0%
Cash & Equivalents

$42M

Previous: $7.07M+493.9%
Total Assets

$67.1M

Previous: $49.7M+35.1%
Stock-Based Comp

$1.58M

No prior period

Revenue & EPS history

Pulse Biosciences · Revenue · Quarterly

$574K

Q3 2021+6,277.8%vs Q3 2020
Beat estimate in 1 of 6 quarters(17%)
ActualEstimate

Forward guidance

Pulse Biosciences is focused on the Controlled Launch program and commercialization of the CellFX System, the effectiveness of the NPS technology and the CellFX System to improve patient outcomes, current and planned future clinical studies, and the market for aesthetic dermatologic procedures.

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 2021

Historical avgQ3 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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