NASDAQ$SIBN

SI-BONE Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported financial results with revenue decreasing by 14% year-over-year due to the COVID-19 pandemic.

SI-BONE, Inc. reported a decrease in revenue for the second quarter of 2020, primarily due to the impact of the COVID-19 pandemic on case volumes. Revenue was $14.0 million, a 14% decrease compared to the previous year. The company completed debt refinancing and obtained positive coverage by Aetna.

  • Revenue of $14.0 million for the second quarter 2020, representing a 14% decrease over the corresponding period in 2019.
  • U.S. revenue of $13.2 million for the second quarter 2020, representing a 12% decrease over the corresponding period in 2019.
  • Completed debt refinancing of $40.0 million term loan.
  • Obtained positive coverage by Aetna, the third largest commercial health plan in the United States with over 22 million members.

Headline financials

Total Revenue

$14M

Previous: $16.3M-13.9%
EPS (adj)

-$0.44

Previous: -$0.35-25.7%
Gross margin

85.0%

Previous: 90.0%-5.6%
Capital Expenditures

-$1.26M

Previous: -$893K-41.5%
Free Cash Flow

-$13.7M

Previous: -$9.55M-43.9%
Net Income

-$12.5M

Previous: -$8.65M-44.1%
Operating Income

-$10.1M

Previous: -$8.14M-24.6%
Gross Profit

$11.9M

Previous: $14.7M-19.0%
Cash & Equivalents

$66.2M

Previous: $11.5M+475.6%
Total Assets

$159M

Previous: $127M+25.3%
Stock-Based Comp

$2.96M

No prior period

Revenue & EPS history

SI-BONE · Revenue · Quarterly

$14M

Q2 2020-13.9%vs Q2 2019
Beat estimate in 8 of 11 quarters(73%)
ActualEstimate

Forward guidance

Due to the evolving environment and continued uncertainties from the impact of COVID-19, SI-BONE has withdrawn its previously announced guidance for the full year 2020.

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 Q2 2020

Historical avgQ2 2020

-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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