NASDAQ$PSNL

Personalis Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Personalis reported record revenues despite initial COVID-19 impact.

Personalis reported record revenues of $19.2 million for the first quarter of 2020, a 36% increase compared to the first quarter of 2019. Revenue growth was driven by increased volume for testing and analytical services provided to the VA MVP. The company reported a net loss of $9.1 million, or $0.29 per share.

  • Reported record revenues of $19.2 million, a 36% increase year-over-year.
  • VA MVP accounted for 77% of revenues, totaling $14.8 million.
  • 26 customers have placed orders for NeXT as of March 31, 2020.
  • Received a new order outside of oncology to deliver neoantigen prediction.

Headline financials

Total Revenue

$19.2M

Previous: $14.1M+36.1%
EPS (adj)

-$0.29

Previous: -$0.20-45.4%
Capital Expenditures

-$76K

No prior period
Free Cash Flow

-$9.22M

No prior period
Net Income

-$9.14M

Previous: -$5.69M-60.8%
Operating Income

-$9.63M

Previous: -$5.43M-77.2%
Gross Profit

$4.04M

Previous: $3.98M+1.4%
Cash & Equivalents

$46.7M

No prior period
Total Assets

$152M

No prior period

Revenue & EPS history

Personalis · Revenue · Quarterly

$19.2M

Q1 2020+36.1%vs Q1 2019
Beat estimate in 6 of 11 quarters(55%)
ActualEstimate

Revenue by segment

Personalis · $18.2M total across 4 segments · Q3 2023

  • Pharma tests and services
    $8M
  • Enterprise sales
    $7.81M
  • Population sequencing
    $2.4M
  • Other
    $38K

Forward guidance

Due to uncertainty surrounding the COVID-19 pandemic, Personalis will not provide an outlook for fiscal 2020 at this time, and will plan to give an update during its second quarter earnings announcement and press release, to the extent practicable, based on available information at that time.

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 2020

Historical avgQ1 2020

+1.0%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+1.5%

Avg return

30 days after

59%

16 / 27 earnings

Positive

+19.9%

Q1 2025

Best reaction

-23.4%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.2%-0.7%+76.6%
Q4 2025+0.6%-1.1%-29.8%
Q3 2025-12.3%-1.1%+9.5%
Q1 2025+19.9%+27.5%+30.3%
Q4 2024-2.4%+5.9%-14.6%
Q3 2024-23.4%-12.8%-26.4%
Q2 2024+7.2%+34.7%+67.8%
Q1 2024+4.4%-2.5%-14.6%
Q4 2023+3.3%+16.0%-0.7%
Q3 2023+10.4%-3.8%+39.6%
Q2 2023+4.7%+7.9%-17.9%
Q1 2023+4.5%+3.2%-6.4%
Q4 2022-7.2%-5.3%-18.2%
Q3 2022-1.5%-15.3%+4.7%
Q2 2022+10.6%+11.1%-21.4%
Q1 2022-7.2%-24.8%-34.1%
Q4 2021+12.2%+11.0%-14.4%
Q3 2021+2.6%-5.4%-38.9%
Q2 2021+10.2%+4.1%+12.4%
Q1 2021-0.6%-9.9%-4.3%
Q4 2020-11.1%-10.8%-36.3%
Q3 2020+0.1%-0.3%+13.6%
Q2 2020-2.4%-3.7%-4.7%
Q1 2020+4.6%+7.2%+27.6%
Q4 2019+17.5%+27.5%+52.8%
Q3 2019+0.2%-12.7%+0.3%
Q2 2019-15.6%-6.2%-11.6%
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018

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