BNR Earnings Prediction
The chart below shows how BNR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BNR sees a -1.82% change in stock price 10 days leading up to the earnings, and a -5.05% change 10 days following the report. On the earnings day itself, the stock moves by +1.52%. This data can give you a slight idea of what to expect for the next quarter's release.
BNR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
125.62M
-11.85%
3.75%
Gross Margin
68.22%
-1.57%
5.75%
Operating Margin
-100.16%
-24.26%
-27.08%
Net Margin
-96.76%
-25.56%
-27.77%
EPS
-11.85
-34.49%
-25.19%
No Data Available
BNR Earnings Analysis
Burning Rock Biotech Limited Corporation (BNR.O) Earnings Conference Call
Positive
- Point**: Burning Rock has made significant progress in improving its sales efficiency, with sales and marketing expenses as a percentage of revenue at a historic low of 35% in the latest quarter, indicating improved operating efficiency.
- The company achieved positive non-GAAP gross profit minus sales and G&A expenses in the first quarter, meeting its goal ahead of schedule and setting a target to maintain profitability for the whole year of 2024.
- Point**: Burning Rock has successfully reduced its general and administrative expenses by implementing cost-saving measures, resulting in a significant drop in expenses compared to the same period last year and enhancing the company's overall profitability.
- The company reduced headcount and office space, along with other fixed operating costs, to achieve additional savings and is committed to continuing efforts to reduce its operating footprint.
- Point**: Burning Rock has exhibited strong cash management practices, ending the quarter with RMB573 million cash balance, significantly reducing cash outflows from 2022 to 2023, and expecting further progress in 2024.
- The company projects a cash outflow in the range of RMB150 million to RMB200 million for 2024, indicating a steady improvement in cash management and a good three-year cash runway without the need for immediate capital raising.
Negative
- Company's profitability suffered in Q3 and Q4 of 2023 due to industry turbulence, impacting overall financial performance.
- While the company reported a return to profitability in Q1 2024, it had previously faced challenges in maintaining consistent profitability.
- The company experienced reductions in G&A and R&D expenses to improve operational efficiency, indicating prior inefficiencies in cost management.
