NASDAQ$VCYT
Veracyte Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported a 19% increase in revenue compared to Q4 2021, driven by strong performance of Decipher and Afirma tests.
Veracyte announced strong Q4 2022 financial results, with revenue reaching $80.3 million, a 19% increase compared to the previous year. The company's Decipher and Afirma tests drove testing revenue growth. Veracyte is initiating 2023 annual total revenue guidance of $325 million to $335 million.
- Grew total test volume to 28,001, a 26% increase compared to the prior year.
- Launched an updated Decipher Genomics Resource for Intelligent Discovery (GRID) patient report.
- Submitted the Envisia Genomic Classifier to the Notified Body for CE marking in the European Union, ahead of schedule.
- Generated $9.7 million in cash from operating activities.
Headline financials
Revenue & EPS history
Veracyte · Revenue · Quarterly
$80.3M
Revenue by segment
Veracyte · $80.3M total across 3 segments · Q4 2022
- Testing Revenue$70.3M+31.6%87.5%
- Biopharmaceutical and Other$6.8M-39.1%8.5%
- Product Revenue$3.23M+17.2%4.0%
Forward guidance
Veracyte is initiating 2023 annual total revenue guidance of $325 million to $335 million, assuming currency rates as of February 22, 2023.
Tailwinds
- Mid-teens year-over-year growth of testing and product revenue.
Headwinds
- A decline in Biopharmaceutical and other revenue for fiscal 2023 compared to fiscal 2022.
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
+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
| Quarter | Report date | Reaction (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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