NASDAQ$PSNL

Personalis Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Personalis' financial results for Q4 2022 were reported, highlighting a focus on MRD, personalized cancer vaccines, and clinical trial support.

Personalis reported Q4 2022 revenue of $16.7 million and a net loss of $31.1 million. The company is focusing on MRD, personalized cancer vaccines, and supporting pharmaceutical clinical trials.

  • Total company revenue for the fourth quarter of 2022 was $16.7 million.
  • Revenue from pharma tests, enterprise, and other customers was $15.8 million in the fourth quarter of 2022.
  • Revenue from population sequencing for the U.S. Department of Veterans Affairs Million Veterans Program was $0.9 million in the fourth quarter of 2022.
  • Net loss for the fourth quarter of 2022 was $31.1 million, or $0.67 per share.

Headline financials

Total Revenue

$16.7M

Previous: $20.7M-19.1%
EPS (adj)

-$0.67

Previous: -$0.45-48.9%
Capital Expenditures

$9.54M

Previous: $3.58M+166.6%
Free Cash Flow

-$26.3M

Previous: -$18.9M-39.5%
Net Income

-$31.1M

Previous: -$65.2M+52.3%
Operating Income

-$32.1M

Previous: -$20.2M-58.6%
Gross Profit

$2.31M

Previous: $8.01M-71.2%
Cash & Equivalents

$89.1M

Previous: $106M-15.6%
Total Assets

$293M

Previous: $397M-26.2%
Stock-Based Comp

$5.79M

Previous: $4.03M+43.5%

Revenue & EPS history

Personalis · Revenue · Quarterly

$16.7M

Q4 2022-19.1%vs Q4 2021
Beat estimate in 13 of 14 quarters(93%)
ActualEstimate

Revenue by segment

Personalis · $16.7M total across 4 segments · Q4 2022

  • Enterprise sales
    $8.25M
  • Pharma tests and services
    $7.4M
  • Population sequencing
    $887K
  • Other
    $184K

Forward guidance

Personalis provided revenue and net loss guidance for Q1 2023 and full year 2023.

Tailwinds

  • Total company revenue of approximately $17.5 million for Q1 2023.
  • Revenue from pharma tests, enterprise sales, and other customers of approximately $14.5 million for Q1 2023.
  • Revenue from population sequencing of approximately $3.0 million for Q1 2023.
  • Total company revenue in the range of $68 million to $72 million for FY 2023.
  • Net loss of approximately $103 million for FY 2023, down from $113 million in 2022.

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 2022

Historical avgQ4 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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