NASDAQ$PSNL

Personalis Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported a decrease in revenue, but an increase in biopharma revenue, excluding VA MVP.

Personalis reported a revenue of $14.9 million for Q3 2022, a decrease compared to Q3 2021. However, revenue from biopharma and other customers, excluding the VA MVP, increased by 73%. The company continues to focus on strategic priorities and collaborations to advance precision oncology.

  • Reported quarterly revenue of $14.9 million in Q3 2022, compared to $22.3 million in Q3 2021.
  • Revenue from biopharma and other customers, excluding the VA MVP, increased by 73% to $14.9 million.
  • Launched research collaborations with BC Cancer and Duke University using NeXT Personal™ for MRD detection and tracking.
  • Appointed Christopher Hall as SVP to lead the company’s Diagnostic Business.

Headline financials

Total Revenue

$14.9M

Previous: $22.3M-33.3%
EPS (adj)

-$0.58

Previous: -$0.40-45.0%
Gross margin

16.7%

Previous: 36.2%-53.9%
Capital Expenditures

-$40.4M

Previous: -$7.51M-437.7%
Free Cash Flow

-$66.9M

Previous: -$25.2M-165.5%
Net Income

-$26.5M

Previous: -$17.7M-49.9%
Operating Income

-$27.3M

Previous: -$17.7M-54.1%
Gross Profit

$2.48M

Previous: $8.07M-69.3%
Cash & Equivalents

$83.5M

Previous: $79.6M+5.0%
Total Assets

$318M

Previous: $407M-21.8%
Stock-Based Comp

$4.42M

Previous: $3.69M+19.7%

Revenue & EPS history

Personalis · Revenue · Quarterly

$14.9M

Q3 2022-33.3%vs Q3 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 full year 2022 total company revenue to be in the range of $63.0 million to $64.0 million. Revenue from biopharma and all other customers, excluding the VA MVP, is expected to be in the range of $55.5 million to $56.5 million. Net loss is expected to be in the range of $111.0 million to $114.0 million.

Tailwinds

  • Total company revenue is expected to be in the range of $63.0 million to $64.0 million
  • Revenue from biopharma and all other customers, excluding the VA MVP, is expected to be in the range of $55.5 million to $56.5 million

Headwinds

  • Net loss is expected to be in the range of $111.0 million to $114.0 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 Q3 2022

Historical avgQ3 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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