NASDAQ$SIBN

SI-BONE Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported financial results for the quarter ended March 31, 2022.

SI-BONE, Inc. reported a 10% increase in worldwide revenue, reaching $22.4 million for the first quarter of 2022. U.S. revenue increased by 9% to $20.4 million, and the gross margin was 87%. The company's operating loss was $16.9 million, and the net loss was $17.4 million, or $0.52 per diluted share.

  • Worldwide revenue of $22.4 million for the first quarter 2022, representing a 10% increase over the corresponding period in 2021
  • U.S. revenue of $20.4 million for the first quarter 2022, representing a 9% increase over the corresponding period in 2021
  • Gross margin of 87% for the first quarter 2022
  • Awarded Breakthrough Device Designation by the FDA for iFuse Bedrock GraniteTM targeting adult spinal deformity

Headline financials

Total Revenue

$22.4M

Previous: $20.4M+9.8%
EPS (adj)

-$0.52

Previous: -$0.37-40.5%
Gross margin

87.0%

Previous: 89.0%-2.2%
Capital Expenditures

-$2.27M

Previous: -$1.98M-15.1%
Free Cash Flow

-$19.7M

Previous: -$14.2M-38.4%
Net Income

-$17.4M

Previous: -$12.2M-42.2%
Operating Income

-$16.9M

Previous: -$11.6M-45.7%
Gross Profit

$19.5M

Previous: $18.2M+6.7%
Cash & Equivalents

$27.3M

Previous: $37.4M-26.9%
Total Assets

$177M

Previous: $216M-18.0%
Stock-Based Comp

$5.51M

Previous: $4.03M+36.7%

Revenue & EPS history

SI-BONE · Revenue · Quarterly

$22.4M

Q1 2022+9.8%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

The Company continues to expect total 2022 revenue of approximately $106 million to $108 million, representing growth of 18% to 20% compared to full year 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-1.8%

Avg return

Earnings day

-1.3%

Avg return

5 days after

+0.0%

Avg return

30 days after

40%

12 / 30 earnings

Positive

+16.2%

Q4 2022

Best reaction

-23.7%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.3%+15.3%+25.1%
Q4 2025-1.0%-0.6%-17.8%
Q3 2025+16.1%+11.1%+20.0%
Q1 2025+15.6%+29.8%+33.8%
Q4 2024+5.6%+3.7%-19.9%
Q3 2024-17.5%-18.8%-14.5%
Q2 2024-3.6%-5.2%+10.2%
Q1 2024+10.4%+8.0%-1.1%
Q4 2023-12.4%-15.7%-22.0%
Q3 2023-4.7%-12.4%-0.9%
Q2 2023-12.5%-9.6%-7.1%
Q1 2023+9.6%-0.3%+13.9%
Q4 2022+16.2%+19.5%+14.0%
Q3 2022-23.1%-16.4%-26.5%
Q2 2022-6.4%+0.1%+3.5%
Q1 2022-23.7%-27.6%-12.2%
Q4 2021+2.4%+3.2%+3.2%
Q3 2021-7.8%-10.9%-13.6%
Q2 2021-15.1%-18.9%-18.3%
Q1 2021-7.0%-7.5%-17.2%
Q4 2020+4.0%+6.6%+8.3%
Q3 2020+3.2%+0.5%+10.7%
Q2 2020+13.6%+17.7%+31.7%
Q1 2020+9.0%+11.9%+16.3%
Q4 2019-11.9%-21.7%-28.9%
Q3 2019-4.4%-4.5%-0.6%
Q2 2019+6.8%+10.7%+11.3%
Q1 2019-3.9%-8.1%-1.5%
Q4 2018-4.6%-3.6%-9.4%
Q3 2018-3.0%+4.8%+10.5%
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q1 2016
Q1 2015
Q4 2014
Q1 2014

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