NASDAQ$PSNL

Personalis Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported record revenue and nineteenth consecutive quarter of growth.

Personalis, Inc. reported record quarterly revenue of $20.9 million in the first quarter of 2021, a 9% increase compared to the first quarter of 2020. The company's revenue from biopharma and all other customers, excluding VA MVP, grew 74% year-over-year.

  • Record quarterly revenue of $20.9 million, a 9% increase year-over-year.
  • Revenue from biopharma and all other customers, excluding VA MVP, increased by 74% year-over-year.
  • Announced collaborations with Natera and MapKure.
  • Added approximately $162 million of cash from a public offering, ending the quarter with $353.4 million in cash, cash equivalents, and short-term investments.

Headline financials

Total Revenue

$20.9M

Previous: $19.2M+9.0%
EPS (adj)

-$0.29

Previous: -$0.29+0.0%
Capital Expenditures

-$439K

Previous: -$76K-477.6%
Free Cash Flow

-$12.8M

Previous: -$9.22M-39.4%
Net Income

-$12.4M

Previous: -$9.14M-35.7%
Operating Income

-$12.5M

Previous: -$9.63M-29.8%
Gross Profit

$7.43M

Previous: $4.04M+83.9%
Cash & Equivalents

$137M

Previous: $46.7M+193.6%
Total Assets

$396M

Previous: $152M+160.4%

Revenue & EPS history

Personalis · Revenue · Quarterly

$20.9M

Q1 2021+9%vs Q1 2020
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

Personalis expects total company revenues of approximately $21.3 million and a net loss in the range of $16 million to $17 million for the second quarter of 2021. For the full year 2021, the company anticipates total company revenues of approximately $85 million and a net loss in the range of $70 million to $75 million.

Tailwinds

  • Total Company revenues to be approximately $21.3 million for Q2 2021.
  • Revenues from biopharma and all other customers, excluding VA MVP, to be in the range of $7.3 million to $7.7 million for Q2 2021.
  • Total Company revenues to be approximately $85 million for the full year of 2021.
  • Revenues from biopharma and all other customers, excluding VA MVP, to be in the range of $30 million to $32 million for the full year of 2021.

Headwinds

  • Net Loss to be in the range of $16 million to $17 million for Q2 2021.
  • Estimated outstanding shares of 43 million for Q2 2021.
  • Net Loss to be in the range of $70 million to $75 million for the full year of 2021.
  • Estimated outstanding shares of 44 million for the full year of 2021.

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 2021

Historical avgQ1 2021

+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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