NASDAQ$TELA

TELA Bio Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported financial results, highlighting revenue growth and expansion of commercial organization.

TELA Bio reported a 100% increase in revenue for Q4 2019 compared to the prior year period, driven by the expansion of its commercial organization, increased penetration within existing customer accounts, and the introduction of larger sizes of OviTex. The company's gross profit also increased to $3.0 million, or 61% of revenue, compared to $1.0 million, or 42% of revenue, in the same period in 2018.

  • Revenue increased by 100% compared to the prior year period.
  • Gross profit increased to $3.0 million, representing 61% of revenue.
  • Operating expenses increased due to expansion of salesforce and related activities.
  • Net loss was $6.5 million, compared to a net loss of $7.4 million in the same period in 2018.

Headline financials

Total Revenue

$4.86M

Previous: $2.43M+100.4%
EPS (adj)

-$1.22

Previous: -$1.14-7.1%
Capital Expenditures

$33K

No prior period
Free Cash Flow

-$7.22M

No prior period
Net Income

-$6.5M

Previous: -$7.39M+12.1%
Operating Income

-$5.8M

Previous: -$5.5M-5.5%
Gross Profit

$3M

Previous: $1.03M+191.8%
Cash & Equivalents

$54.6M

No prior period
Total Assets

$67.9M

No prior period
Stock-Based Comp

$274K

No prior period

Revenue & EPS history

TELA Bio · Revenue · Quarterly

$4.86M

Q4 2019+100.4%vs Q4 2018
Beat estimate in 7 of 9 quarters(78%)
ActualEstimate

Forward guidance

For the first quarter of 2020, TELA Bio expects total revenue to be in the range of $3.5 million to $4.0 million, representing growth of 6% to 21% over the prior year period. Due to uncertainties in procedural volume stemming from COVID-19 and its potential negative impact on its financials, TELA Bio is not providing 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 18 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

-2.5%

Avg return

Earnings day

-3.0%

Avg return

5 days after

+3.5%

Avg return

30 days after

42%

11 / 26 earnings

Positive

+20.2%

Q1 2024

Best reaction

-37.2%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+1.7%-9.3%
Q1 2026-5.3%-18.6%-15.7%
Q3 2025-9.3%-2.7%+3.6%
Q1 2025+7.2%-0.1%+90.7%
Q4 2024-37.2%-44.9%-59.1%
Q3 2024+2.0%+3.0%-1.7%
Q2 2024-23.9%-23.4%-35.0%
Q1 2024+20.2%+21.2%+16.7%
Q4 2023+4.0%+0.9%-13.8%
Q3 2023-20.3%-21.7%-4.5%
Q2 2023-4.8%-1.2%-2.8%
Q1 2023-3.6%-4.8%+11.2%
Q4 2022-5.5%-3.7%-11.3%
Q3 2022+13.8%+11.2%+44.7%
Q2 2022-6.5%+5.5%+0.9%
Q1 2022-5.7%-7.0%-31.4%
Q4 2021-4.8%-4.8%-20.4%
Q3 2021-3.8%-3.7%-1.7%
Q2 2021+5.0%+4.4%-8.3%
Q1 2021+3.2%+11.5%+5.9%
Q4 2020-6.6%+0.9%-1.8%
Q3 2020-3.5%-0.8%-3.6%
Q2 2020+5.4%+4.1%+20.7%
Q1 2020-2.4%-3.6%+38.6%
Q4 2019+0.6%-0.4%+34.0%
Q3 2019+13.9%+8.8%+32.6%
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018

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