NASDAQ$TXG

10X Genomics Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported a revenue increase of 9% compared to the same period last year.

10x Genomics reported Q4 2022 revenue of $156.2 million, a 9% increase year-over-year. The company's operating loss was $23.1 million, and net loss was $17.2 million. They also provided full year 2023 revenue guidance of $580 million to $600 million.

  • Q4 2022 revenue increased by 9% year-over-year, reaching $156.2 million.
  • Full year 2022 revenue increased by 5% year-over-year, reaching $516.4 million.
  • Cumulative instruments sold surpassed 4,600 by the end of 2022.
  • Shipping of the Xenium platform for in situ analysis commenced.

Headline financials

Total Revenue

$156M

Previous: $144M+8.8%
EPS (adj)

-$0.15

Previous: -$0.16+6.3%
Capital Expenditures

$39.7M

Previous: $27.6M+43.9%
Free Cash Flow

-$26M

Previous: -$21.8M-19.2%
Net Income

-$17.2M

Previous: -$18.4M+6.7%
Operating Income

-$23.1M

Previous: -$15.8M-45.9%
Gross Profit

$119M

Previous: $116M+3.0%
Cash & Equivalents

$220M

Previous: $587M-62.6%
Total Assets

$1.03B

Previous: $1.02B+1.0%
Stock-Based Comp

$41M

Previous: $26.9M+52.3%

Revenue & EPS history

10X Genomics · Revenue · Quarterly

$156M

Q4 2022+8.8%vs Q4 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

10X Genomics · $149M total across 4 segments · Q3 2023

  • Single Cell Consumables
    $100M
  • Spatial Instruments
    $22.7M
  • Spatial Consumables
    $14.1M
  • Single Cell Instruments
    $12.2M

Forward guidance

10x Genomics expects full year 2023 revenue to be in the range of $580 million to $600 million, representing 12% to 16% growth over full year 2022 revenue.

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

+2.1%

Avg return

Earnings day

+2.3%

Avg return

5 days after

+2.0%

Avg return

30 days after

58%

15 / 26 earnings

Positive

+17.3%

Q3 2025

Best reaction

-21.9%

Q1 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.6%-5.9%+38.4%
Q4 2025+3.5%+11.8%+7.3%
Q3 2025+17.3%+28.4%+36.7%
Q1 2025+1.3%+5.7%+9.2%
Q4 2024-0.5%+0.6%-13.8%
Q3 2024+4.0%+3.0%-2.4%
Q2 2024+12.7%+18.8%+18.8%
Q1 2024-5.2%-3.2%-21.1%
Q4 2023+0.8%-1.3%-24.4%
Q3 2023+15.7%+13.7%+33.3%
Q2 2023-4.5%-7.7%-7.9%
Q1 2023+5.9%+5.5%+5.7%
Q4 2022+14.8%+15.2%+7.5%
Q3 2022+13.0%+9.5%+38.1%
Q2 2022+5.4%+13.2%-24.0%
Q1 2022-0.5%-6.4%-10.6%
Q4 2021-15.0%-14.4%-26.7%
Q3 2021+12.7%+7.7%-14.9%
Q2 2021-1.8%-3.3%+3.7%
Q1 2021-21.9%-27.1%-2.6%
Q4 2020-3.1%-7.1%-7.6%
Q3 2020+1.8%+3.3%+11.4%
Q2 2020+0.6%+6.0%+17.1%
Q1 2020-0.4%-6.0%+3.1%
Q4 2019-2.1%-11.4%-40.6%
Q3 2019+3.1%+10.3%+17.3%
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018

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