NASDAQ$PLSE

Pulse Biosciences Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Pulse Biosciences reported financial results for Q4 2019.

Pulse Biosciences reported a net loss of $13.8 million for the fourth quarter ended December 31, 2019. The company's cash, cash equivalents, and investments totaled $25.4 million as of December 31, 2019. Operating expenses for the quarter were $13.9 million.

  • Nano-Pulse Stimulation™ (NPS™) technology was highlighted in three clinical study presentations demonstrating its high clearance rates of benign skin lesions.
  • Data was presented from a study evaluating the clinical and histologic response of NPS technology in treating challenging cases of nodular Basal Cell Carcinoma.
  • Enrollment was completed in the Company’s CellFX Warts Pivotal Study.
  • The company obtained ISO-13485:2016 Quality System Management Certification to begin preparations for international commercialization of the CellFX System.

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

-$0.66

Previous: -$0.51-29.4%
Net Income

-$13.8M

No prior period
Operating Income

-$13.9M

No prior period
Cash & Equivalents

$6.9M

No prior period
Total Assets

$41.9M

No prior period

Revenue & EPS history

Pulse Biosciences · Revenue · Quarterly

$0

Q4 2019

Forward guidance

Pulse Biosciences is focused on obtaining FDA clearance for the CellFX System in aesthetic dermatology and is generating additional data to support a new 510(k) submission.

Tailwinds

  • The company is focused on generating and providing additional data that will support a new 510(k) submission for what we believe will be a general dermatologic indication.
  • Confidence in the technology continues to grow.
  • FDA meeting is expected to take place in May.
  • Developing innovative health products.
  • The CellFX System is intended to offer customer value with a utilization-based revenue model across an expanding spectrum of clinical applications.

Headwinds

  • The company received a Not Substantially Equivalent Letter from the U.S. Food and Drug Administration (FDA) on its previous 510(k) submission.
  • The company remains engaged with the FDA to determine the regulatory path forward for the CellFX System.
  • The company recently requested a formal Q-submission meeting with FDA to discuss requirements for a new 510(k) submission.
  • The CellFX System and Nano-Pulse Stimulation (NPS) technology are for investigational use only.
  • The company is pursuing a rights offering seeking to raise $30 million in net proceeds.

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 Q4 2019

Historical avgQ4 2019

-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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