NASDAQ$PSNL

Personalis Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Personalis reported a 3% increase in quarterly revenue, driven by a 102% increase in revenue from biopharma and other customers, excluding VA MVP, which was partially offset by a decrease in VA MVP revenue.

Personalis, Inc. reported financial results for the fourth quarter and full year ended December 31, 2021. The company's quarterly revenue increased by 3% compared to the fourth quarter of 2020. Revenue from biopharma and other customers, excluding the VA MVP, increased by 102%.

  • Reported quarterly revenue of $20.7 million, a 3% increase compared to Q4 2020.
  • Revenue from biopharma and other customers, excluding the VA MVP, increased by 102%.
  • Launched tumor-informed liquid biopsy assay, NeXT PersonalTM in December 2021.
  • Received first customer order for NeXT Personal in the first quarter of 2022 from a top global pharmaceutical company.

Headline financials

Total Revenue

$20.7M

Previous: $20.2M+2.5%
EPS (adj)

-$0.45

Previous: -$0.34-32.4%
Gross margin

38.7%

No prior period
Capital Expenditures

$3.58M

Previous: $837K+327.4%
Free Cash Flow

-$18.9M

Previous: -$3.37M-459.5%
Net Income

-$65.2M

Previous: -$13.3M-388.9%
Operating Income

-$20.2M

Previous: -$13.4M-51.3%
Gross Profit

$8.01M

Previous: $6.07M+32.0%
Cash & Equivalents

$106M

Previous: $68.5M+54.1%
Total Assets

$397M

Previous: $245M+62.0%
Stock-Based Comp

$4.03M

Previous: $3.48M+16.0%

Revenue & EPS history

Personalis · Revenue · Quarterly

$20.7M

Q4 2021+2.5%vs Q4 2020
Beat estimate in 9 of 14 quarters(64%)
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 approximately $67.0 million for the full year of 2022. Revenue from biopharma and all other customers, excluding the VA MVP, is expected to be approximately $60.0 million, an increase of 51% compared with 2021. Net loss is expected to be in the range of $110.0 million to $115.0 million.

Tailwinds

  • Total company revenue is expected to be approximately $67.0 million.
  • Revenue from biopharma and all other customers, excluding the VA MVP, is expected to be approximately $60.0 million.
  • Revenue from biopharma and all other customers, excluding the VA MVP, is expected to increase of 51% compared with 2021.

Headwinds

  • 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 Q4 2021

Historical avgQ4 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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