NASDAQ$SERA

Sera Prognostics Inc-A · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Sera Prognostics' financial results for Q2 2022 were announced, highlighting a revenue increase compared to the same period last year and ongoing efforts to expand the adoption of the PreTRM® Test.

Sera Prognostics reported a revenue of $78,000 for the second quarter of 2022, compared to $20,000 for the same period in 2021. The company's net loss for the quarter was $11.5 million, and they had approximately $121 million in cash, cash equivalents, and available-for-sale securities as of June 30, 2022.

  • Revenue increased to $78,000 in Q2 2022 from $20,000 in Q2 2021.
  • Operating expenses rose to $11.8 million, compared to $7.4 million in the same quarter last year.
  • Net loss for the quarter was $11.5 million, up from $6.3 million year-over-year.
  • The company had approximately $121 million in cash, cash equivalents, and available-for-sale securities as of June 30, 2022.

Headline financials

Total Revenue

$78K

Previous: $20K+290.0%
EPS (adj)

-$0.37

Previous: -$3.17+88.3%
Capital Expenditures

-$226K

Previous: -$126K-79.4%
Free Cash Flow

-$11.7M

Previous: -$6.43M-82.6%
Net Income

-$11.5M

Previous: -$6.31M-82.7%
Operating Income

-$11.7M

Previous: -$7.38M-59.1%
Gross Profit

$22K

Previous: $12K+83.3%
Cash & Equivalents

$53.9M

Previous: $90.9M-40.7%
Total Assets

$125M

Previous: $95.1M+31.5%
Stock-Based Comp

$1.21M

Previous: $864K+40.5%

Revenue & EPS history

Sera Prognostics · Revenue · Quarterly

$78K

Q2 2022+290%vs Q2 2021
Beat estimate in 3 of 15 quarters(20%)
ActualEstimate

Forward guidance

The company anticipates additional clinical and health economic publications that further illustrate the clinical utility and benefit of PreTRM® technology, supporting the achievement of their vision to improve the well-being of mothers and newborns and decreasing healthcare costs. The Company extending its operations into 2026 without the need for additional financing.

Tailwinds

  • Healthcare systems aligning on incorporating PreTRM testing as an add-on to comprehensive services provided to pregnant women.
  • Expanded adoption of the PreTRM® Test
  • Demonstrable progress in contracting with self-insured employers
  • Additional clinical and health economic publications that further illustrate the clinical utility and benefit of PreTRM® technology
  • The Company extending its operations into 2026 without the need for additional financing

Headwinds

  • Net losses
  • Cash generation
  • The potential need to raise more capital
  • Revenues from the PreTRM test representing substantially all Company revenues to date
  • The need for broad scientific and market acceptance of the PreTRM test

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

-1.9%

Avg return

Earnings day

-3.5%

Avg return

5 days after

-3.3%

Avg return

30 days after

36%

8 / 22 earnings

Positive

+14.3%

Q3 2022

Best reaction

-11.7%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.7%-8.0%+18.1%
Q4 2025-7.7%+6.3%+20.4%
Q3 2025+1.7%+8.5%+19.0%
Q1 2025-11.7%-2.1%-35.4%
Q4 2024-5.1%-2.2%-17.9%
Q3 2024-0.3%-2.7%-3.9%
Q2 2024+0.0%-1.2%-2.2%
Q1 2024+3.3%-4.0%-13.6%
Q4 2023+3.4%+1.1%+7.7%
Q3 2023-3.2%-6.4%+130.9%
Q2 2023+0.8%-10.1%-39.9%
Q1 2023-0.8%-2.8%-13.0%
Q4 2022-10.0%-9.5%-22.3%
Q3 2022+14.3%+11.1%-4.0%
Q2 2022-4.1%-6.3%-27.3%
Q1 2022-7.6%-17.1%-32.7%
Q4 2021+3.6%+0.3%-39.3%
Q3 2021+0.3%-0.8%-8.2%
Q3 2020+0.3%-0.8%-8.2%
Q2 2021-4.8%-9.9%+0.0%
Q1 2021-4.8%-9.9%+0.0%
Q4 2020-4.8%-9.9%+0.0%
Q2 2020
Q1 2020

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