Workflow
Personalis(PSNL)
icon
Search documents
Personalis(PSNL) - 2020 Q3 - Quarterly Report
2020-11-05 21:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 001-38943 Personalis, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 27-5411038 (State or ...
Personalis(PSNL) - 2020 Q2 - Earnings Call Transcript
2020-08-09 10:43
Financial Data and Key Metrics Changes - Revenues for Q2 2020 were $19.5 million, up 23% from $15.8 million in the same period last year, marking a new record high for quarterly revenues [33][41] - Gross margin improved to 24% from 21.1% in the prior quarter, despite a negative impact of approximately 80 basis points from COVID-19 related higher labor costs [36][41] - Net loss for Q2 was $9.3 million, compared to a net loss of $5.9 million for the same period last year, with a net loss per share of $0.29 [41][43] Business Line Data and Key Metrics Changes - The company sequenced about 14,000 whole human genomes in Q2, a 70% increase from Q2 last year [8] - Revenue from the NeXT platform exceeded $2 million in Q2, contributing to overall revenue growth despite a decline from biobank customers [34] - Revenue from pharmaceutical customers increased by more than 20% sequentially, offsetting declines from biobank and biotech customers [10][33] Market Data and Key Metrics Changes - VA MVP revenue was $14.8 million, flat from the prior quarter but up 73% from $8.5 million in the same period last year [35] - Unfulfilled orders from the VA MVP at the end of Q2 totaled $39.3 million, expected to convert to revenue over the next two to three quarters [35] Company Strategy and Development Direction - The company is expanding its liquid biopsy product line, which is designed to complement its tissue biopsy offerings, enhancing its competitive position [11][14] - A new lab and commercial operations are being established in China to support international pharmaceutical companies conducting clinical trials [18][20] - The company aims to leverage its experience with the VA MVP program to explore new opportunities in population sequencing globally [23][91] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in long-term growth, citing strong order levels from biopharma customers and the successful launch of the NeXT Liquid Biopsy [15][30] - The company anticipates challenges due to the ongoing pandemic but remains optimistic about future revenue streams and product adoption [43][30] Other Important Information - The company has expanded its commercial team in the U.S. and Europe to engage with more biopharma companies for potential companion diagnostic development [20] - The population sequencing business is on track to reach 100,000 whole human genome sequences by the end of the year, a significant milestone [21] Q&A Session Summary Question: Integration of electronic health record data with VA MVP project - Management confirmed that the VA MVP has a significant advantage due to the integration of electronic health records, which are already in electronic format [46][50] Question: Strategy for partnership with Berry Genomics in China - The company aims to set up sequencing capabilities in China to comply with local regulations, driven by requests from international pharmaceutical customers [51] Question: Differentiation of the liquid biopsy program in the market - The liquid biopsy product is designed to be used alongside tissue biopsy, providing comprehensive data across all 20,000 human genes, which is a significant differentiator [56][58] Question: Average order size and contract structure for NeXT - Orders typically cover all samples collected during clinical trials, which can be hundreds or even thousands of samples, with some contracts set up as blanket orders [66][68] Question: Impact of increased enrollment in the VA MVP - The increase in target enrollment to 2 million is expected to take about 10 years, with ongoing support for the program anticipated [81][84]
Personalis(PSNL) - 2020 Q2 - Quarterly Report
2020-08-06 20:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 001-38943 Personalis, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 27-5411038 (State or othe ...
Personalis(PSNL) - 2020 Q1 - Earnings Call Transcript
2020-05-09 00:06
Personalis, Inc. (NASDAQ:PSNL) Q1 2020 Earnings Conference Call May 7, 2020 5:00 PM ET Company Participants Caroline Corner – Westwicke ICR John West – President and Chief Executive Officer Aaron Tachibana – Chief Financial Officer Conference Call Participants Subbu Nambi – Cowen & Company Kevin DeGeeter – Oppenheimer Operator Ladies and gentlemen, thank you for standing by, and welcome to the Q1 2020 Personalis Earnings Conference Call. At this time, all participant lines are in listen-only mode. After the ...
Personalis(PSNL) - 2020 Q1 - Quarterly Report
2020-05-07 21:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 001-38943 Personalis, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 27-5411038 (State or oth ...
Personalis(PSNL) - 2019 Q4 - Earnings Call Transcript
2020-03-26 00:37
Personalis, Inc. (NASDAQ:PSNL) Q4 2019 Earnings Conference Call March 25, 2020 5:00 PM ET Company Participants Caroline Corner - Westwicke ICR John West - President and CEO Aaron Tachibana - CFO Clinton Musil - Chief Business Officer Conference Call Participants Derik De Bruin - Bank of America Merrill Lynch Doug Schenkel - Cowen & Company Kevin DeGeeter - Oppenheimer Operator Ladies and gentlemen, thank you for standing by, and welcome to the Fourth Quarter 2019 Personalis Earnings Conference Call. At this ...
Personalis(PSNL) - 2019 Q4 - Annual Report
2020-03-25 20:14
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-38943 Personalis, Inc. (Exact name of Registrant as specified in its Charter) | Delaware | 27-5411038 | | --- | --- | | (State or other jurisdic ...
Personalis(PSNL) - 2019 Q3 - Earnings Call Transcript
2019-11-15 04:30
Personalis, Inc. (NASDAQ:PSNL) Q3 2019 Earnings Conference Call November 13, 2019 5:00 PM ET Company Participants Caroline Corner - Westwicke John West - President & CEO Aaron Tachibana - CFO Clinton Musil - Chief Business Officer Conference Call Participants Yih-Ming Tu - Morgan Stanley Xiaoxiao Ma - Bank of America Doug Schenkel - Cowen & Company Kevin DeGeeter - Oppenheimer Operator Ladies and gentlemen, thank you for standing by and welcome to the Third Quarter 2019 Personalis Earnings Conference Call. ...
Personalis(PSNL) - 2019 Q3 - Quarterly Report
2019-11-13 21:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 001-38943 Personalis, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 27-5411038 (State or ...
Personalis(PSNL) - 2019 Q2 - Earnings Call Transcript
2019-08-14 08:25
Personalis, Inc. (NASDAQ:PSNL) Q2 2019 Earnings Conference Call August 13, 2019 5:00 PM ET Company Participants Caroline Corner - IR John West - President & CEO Aaron Tachibana - CFO Clinton Musil - Chief Business Officer Richard Chen - Chief Scientific Officer Conference Call Participants David Lewis - Morgan Stanley Derik De Bruin - Bank of America Merrill Lynch Doug Schenkel - Cowen Kevin DeGeeter - Oppenheimer Operator Welcome to the Q2 2019 Personalis Earnings Conference Call. [Operator Instructions]. ...