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Jun 30, 2021
Mesa Labs Q1 2022 Earnings Report
Mesa Labs reported an increase in revenues and net income, but a decrease in operating income.
Key Takeaways
Mesa Labs reported a 17% increase in revenues, a 13% decrease in operating income, and a 64% increase in net income for the first quarter of fiscal year 2022. Adjusted operating income also increased by 12%. The company is focused on long-term growth and navigating economic conditions.
Revenues increased by 17% compared to the same quarter last year.
Operating income decreased by 13%, but adjusted operating income increased by 12%.
Net income increased by 64% or $0.38 per diluted share.
Total company gross profit percentage contracted by 430 bps versus 1Q21 to 64%.
Revenue by Segment
Forward Guidance
Mesa Labs anticipates increased economic uncertainty due to the COVID Delta variant and inflation pressures but remains optimistic about the continued economic recovery and is focused on capturing opportunities in biopharmaceutical and healthcare verticals. They retain a strong cash position and balance sheet flexibility to invest in growth opportunities.
Positive Outlook
- Optimistic regarding the continued economic recovery.
- Focused on capturing the opportunities presented in our biopharmaceutical and other healthcare driven verticals.
- Retain a strong cash position
- Retain balance sheet flexibility
- Positioned to invest in growth opportunities both organic and inorganic
Challenges Ahead
- COVID Delta variant is colliding with increased vaccinations globally
- Inflation pressures in the U.S.
- Increased economic uncertainty
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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