NASDAQ$VCYT

Veracyte Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Veracyte's Q4 2021 financial results were announced, revealing a significant revenue increase and strategic advancements.

Veracyte reported a 95% increase in revenue for Q4 2021, reaching $67.3 million. The company's net loss increased by 31% to $10.5 million, and basic and diluted net loss per common share increased by 7% to $0.15. Key business highlights included a 70% increase in test volume and the completion of the Decipher Biosciences and HalioDx acquisitions.

  • Total revenue increased by 95% to $67.3 million compared to Q4 2020.
  • Net loss was $10.5 million, a 31% increase from the previous year.
  • Basic and diluted net loss per common share was $0.15, a 7% increase.
  • Test volume grew by 70% in Q4 2021.

Headline financials

Total Revenue

$67.3M

Previous: $34.5M+95.0%
EPS (adj)

-$0.15

Previous: -$0.14-7.1%
Testing Volume

22.3K

Previous: 13.1K+69.8%
Capital Expenditures

$841K

Previous: $888K-5.3%
Free Cash Flow

$7.61M

Previous: $1.37M+453.9%
Net Income

-$10.5M

Previous: -$8.04M-30.9%
Operating Income

-$12.3M

Previous: -$8.07M-52.8%
Gross Profit

$67.3M

Previous: $23.5M+186.7%
Cash & Equivalents

$173M

Previous: $349M-50.4%
Total Assets

$1.19B

Previous: $457M+159.8%
Stock-Based Comp

$6.73M

Previous: $3.64M+84.9%

Revenue & EPS history

Veracyte · Revenue · Quarterly

$67.3M

Q4 2021+95%vs Q4 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Veracyte · $67.3M total across 3 segments · Q4 2021

  • Testing Revenue
    $53.4M+69.6%
  • Biopharmaceutical and Other
    $11.2M+3154.8%
  • Product Revenue
    $2.76M+2.3%

Forward guidance

Veracyte is initiating 2022 annual total revenue guidance of $260 million to $275 million, representing year-over-year growth of 18% to 25%, compared to the prior year.

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 2021

Historical avgQ4 2021

+1.8%

Avg return

Earnings day

+2.1%

Avg return

5 days after

+5.4%

Avg return

30 days after

50%

23 / 46 earnings

Positive

+28.8%

Q2 2024

Best reaction

-22.4%

Q3 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+24.9%+20.4%+47.7%
Q4 2025+8.4%-1.8%-16.0%
Q3 2025-9.4%-7.3%-3.1%
Q1 2025+1.3%-5.0%-11.0%
Q4 2024-15.0%-11.7%-21.0%
Q3 2024+3.9%+8.2%+22.8%
Q2 2024+28.8%+39.4%+41.8%
Q1 2024-3.8%+2.2%+2.3%
Q4 2023-9.6%-3.7%-14.1%
Q3 2023-2.3%-6.3%+5.6%
Q2 2023+7.9%+1.5%+2.2%
Q1 2023+8.2%+6.7%+24.2%
Q4 2022+5.3%+6.6%-3.3%
Q3 2022+17.3%+19.8%+41.1%
Q2 2022-3.0%+8.1%-23.3%
Q1 2022+4.0%-14.6%-15.6%
Q4 2021+4.1%-8.1%+6.8%
Q3 2021-9.5%-5.2%-22.4%
Q2 2021+13.0%+13.1%+21.0%
Q1 2021-10.1%-17.6%-19.9%
Q4 2020-6.5%-15.5%-30.4%
Q3 2020+10.3%+23.9%+58.9%
Q2 2020+18.2%+6.7%+9.4%
Q1 2020-0.1%-2.6%-4.4%
Q4 2019-2.3%+3.7%+3.3%
Q3 2019-15.6%-19.0%-1.8%
Q2 2019-2.8%-13.8%-7.3%
Q1 2019+9.1%+6.6%+8.5%
Q4 2018+9.1%+2.5%+20.1%
Q3 2018+20.4%+47.9%+30.6%
Q2 2018+8.6%+4.0%+15.6%
Q1 2018-2.1%+0.5%+26.2%
Q4 2017+1.0%+0.3%-6.7%
Q3 2017-22.4%-24.8%-24.8%
Q2 2017-2.1%-1.3%-4.8%
Q1 2017-0.5%-8.1%-0.5%
Q4 2016+12.0%+17.8%+18.5%
Q3 2016-1.9%+5.3%+19.2%
Q2 2016-0.2%+1.2%+14.4%
Q1 2016+1.1%
Q4 2015-8.8%
Q3 2015-1.0%
Q2 2015-7.9%
Q1 2015+7.2%
Q4 2014-10.9%
Q2 2013+5.8%
Q4 2013
Q3 2012
Q2 2012

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