NASDAQ$PSNL

Personalis Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Personalis reported a revenue increase of 12% compared to the same quarter last year, driven by a 50% growth in revenue from oncology customers.

Personalis, Inc. reported financial results for the third quarter ended September 30, 2021, with a revenue of $22.3 million, a 12% increase compared to the third quarter of 2020. The company's revenue from oncology customers grew 50% over the same period last year. Personalis is preparing to launch NeXT Personal, its Minimal Residual Disease (MRD) offering in December.

  • Reported quarterly revenue of $22.3 million, a 12% increase year-over-year.
  • Revenue from biopharma and all other customers, excluding the VA MVP, reached a record $8.6 million, a 50% increase year-over-year.
  • Received a new order from the VA MVP with an aggregate value of approximately $10 million over a six-month period.
  • Announced a collaboration with Mayo Clinic to provide clinical-grade comprehensive cancer genomic sequencing for patients.

Headline financials

Total Revenue

$22.3M

Previous: $19.8M+12.3%
EPS (adj)

-$0.40

Previous: -$0.27-48.1%
Gross margin

36.2%

No prior period
Capital Expenditures

-$7.51M

Previous: -$2.41M-211.6%
Free Cash Flow

-$25.2M

Previous: -$12M-110.6%
Net Income

-$17.7M

Previous: -$9.55M-85.1%
Operating Income

-$17.7M

Previous: -$9.65M-83.3%
Gross Profit

$8.07M

Previous: $5.33M+51.2%
Cash & Equivalents

$79.6M

Previous: $133M-40.3%
Total Assets

$407M

Previous: $249M+63.5%
Stock-Based Comp

$3.69M

No prior period

Revenue & EPS history

Personalis · Revenue · Quarterly

$22.3M

Q3 2021+12.3%vs Q3 2020
Beat estimate in 8 of 13 quarters(62%)
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 revenue to be in the range of $20.2 million to $20.4 million and net loss to be in the range of $22 million to $23 million for the fourth quarter of 2021. For the full year of 2021, Personalis expects total revenue to be approximately $85 million and net loss to be in the range of $67 million to $68 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 Q3 2021

Historical avgQ3 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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