NASDAQ$PLSE

Pulse Biosciences Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Announced financial results for the fourth quarter and full year of 2021.

Pulse Biosciences reported fourth quarter revenue of $844 thousand and full year revenue of $1.4 million. The company is focusing on increasing commercial clinic utilization and reducing emphasis on new system sales.

  • Implemented changes to commercial leadership, salesforce and strategy, to focus on increasing commercial clinic utilization.
  • Appointed two medical technology industry veterans to commercial leadership positions.
  • Initiated operating expense reduction programs, including workforce reductions, expected to lower costs by approximately 20% from the current run rate.
  • Completed the first three commercial sales of CellFX Systems, two in the fourth quarter of 2021 and one in the first quarter of 2022.

Headline financials

Total Revenue

$844K

Previous: $0.00
EPS (adj)

-$0.52

Previous: -$0.54+3.7%
Capital Expenditures

$134K

Previous: $279K-52.0%
Free Cash Flow

-$12.8M

Previous: -$9.53M-34.6%
Net Income

-$15.4M

Previous: -$13.8M-11.7%
Operating Income

-$15.4M

Previous: -$13.8M-12.0%
Gross Profit

-$397K

No prior period
Cash & Equivalents

$28.6M

Previous: $12.5M+129.6%
Total Assets

$59.2M

Previous: $41.3M+43.3%
Stock-Based Comp

$3.61M

Previous: $2.39M+51.2%

Revenue & EPS history

Pulse Biosciences · Revenue · Quarterly

$844K

Q4 2021
Beat estimate in 1 of 7 quarters(14%)
ActualEstimate

Forward guidance

Pulse Biosciences is focused on increasing utilization at commercial clinics to develop CellFX reference centers for the benign lesion market under new commercial leadership, while also expanding the CellFX System’s indications for use in dermatology and beyond.

Tailwinds

  • Focusing on increasing commercial clinic utilization.
  • Developing CellFX reference centers for the benign lesion market.
  • Expanding the CellFX System’s indications for use in dermatology.
  • Exploring applications for NPS technology beyond dermatology.
  • Expecting an FDA meeting in Q2 2022 to discuss sebaceous hyperplasia 510(k).

Headwinds

  • Restructuring activities may be unexpectedly disruptive.
  • Restructuring activities may be unexpectedly costly.
  • Potential for unforeseen material delays in new product development programs.
  • Potential for unforeseen material delays in commercialization efforts.
  • Dependence on regulatory clearances for expansion of CellFX System's indications.

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 2021

Historical avgQ4 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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