NASDAQ$PSNL

Personalis Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported record revenues with strong execution across population sequencing and biopharma businesses.

Personalis reported record revenues of $19.5 million for the second quarter of 2020, a 23% increase compared to $15.8 million in the same period of the prior year. The VA MVP accounted for $14.8 million of total revenues, while biopharmaceutical and other customers contributed $4.7 million.

  • Reported record revenues of $19.5 million, a 23% increase year-over-year.
  • 32 customers have placed orders for NeXT as of June 30, 2020, with 6 new customers in Q2 2020.
  • Announced collaborations with Sarepta Therapeutics and Berry Genomics.
  • Completed the 75,000th whole human genome sequenced under the VA MVP contract.

Headline financials

Total Revenue

$19.5M

Previous: $15.8M+23.2%
EPS (adj)

-$0.29

Previous: -$0.89+67.4%
Gross margin

24.0%

Previous: 37.3%-35.7%
Capital Expenditures

-$855K

Previous: -$2.8M+69.5%
Free Cash Flow

-$10.1M

Previous: -$8.67M-16.6%
Net Income

-$9.26M

Previous: -$5.87M-57.7%
Operating Income

-$9.5M

Previous: -$4.06M-133.9%
Gross Profit

$4.67M

Previous: $5.9M-20.8%
Cash & Equivalents

$25M

Previous: $163M-84.7%

Revenue & EPS history

Personalis · Revenue · Quarterly

$19.5M

Q2 2020+23.2%vs Q2 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 continued 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 third 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 Q2 2020

Historical avgQ2 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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