NASDAQ$PSNL

Personalis Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported a decrease in revenue compared to the same quarter last year, but oncology revenue growth was strong, driven by the adoption of the NeXT Platform.

Personalis, Inc. reported a decrease in revenue for the second quarter of 2022 compared to the same period in 2021. Total revenue was $18.2 million, compared to $21.7 million in Q2 2021. However, revenue from biopharma and other customers, excluding the VA MVP, increased by 74%. The company's net loss was $27.5 million, or $0.60 per share.

  • Reported quarterly revenue of $18.2 million in the second quarter of 2022 compared with $21.7 million in the second quarter of 2021.
  • Revenue from biopharma and other customers, excluding the VA MVP, increased by 74% to $14.2 million.
  • Added another patent family to its molecular residual disease (MRD)-related IP portfolio.
  • Appointed Lonnie Shoff to the Personalis Board of Directors effective August 2, 2022.

Headline financials

Total Revenue

$18.2M

Previous: $21.7M-15.8%
EPS (adj)

-$0.60

Previous: -$0.34-76.5%
Gross margin

23.5%

Previous: 37.7%-37.7%
Capital Expenditures

-$18.9M

Previous: -$4.54M-316.9%
Free Cash Flow

-$46.5M

Previous: -$19.5M-138.4%
Net Income

-$27.5M

Previous: -$15M-84.2%
Operating Income

-$27.9M

Previous: -$14.9M-86.5%
Gross Profit

$4.28M

Previous: $8.17M-47.6%
Cash & Equivalents

$86.7M

Previous: $70.1M+23.8%
Total Assets

$358M

Previous: $383M-6.6%
Stock-Based Comp

$4.42M

Previous: $3.6M+22.6%

Revenue & EPS history

Personalis · Revenue · Quarterly

$18.2M

Q2 2022-15.8%vs Q2 2021
Beat estimate in 13 of 14 quarters(93%)
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 revenue to be in the range of $62.0 million to $67.0 million for the full year of 2022. Revenue from biopharma and all other customers, excluding the VA MVP, is expected to be in the range of $55.0 million to $60.0 million. Net loss is expected to be in the range of $110.0 million to $115.0 million.

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 2022

Historical avgQ2 2022

+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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