Berkeley Lights, Inc. Stock Research

Market Summary

USD1.30+0.03

Market Closed

2.36%

BLI Stock Price

BLI RSI Chart

BLI Valuation

Market Cap

93.8M

Price/Earnings (Trailing)

-0.96

Price/Sales (Trailing)

1.19

EV/EBITDA

-0.08

Price/Free Cashflow

-1.69

BLI Price/Sales (Trailing)

BLI Profitability

EBT Margin

-124.61%

Return on Equity

-69.02%

Return on Assets

-43.36%

Free Cashflow Yield

-59.28%

BLI Fundamentals

BLI Revenue

Revenue (TTM)

78.6M

Revenue Y/Y

-23.05%

Revenue Q/Q

-16.62%

BLI Earnings

Earnings (TTM)

-98.0M

Earnings Y/Y

-65.24%

Earnings Q/Q

-35.87%

Price Action

52 Week Range

1.207.79

(Low)(High)

Last 7 days

-8.0%

Last 30 days

-29.0%

Last 90 days

-49.8%

Trailing 12 Months

-76.4%

BLI Financial Health

Current Ratio

3.89

BLI Investor Care

Shares Dilution (1Y)

6.77%

Diluted EPS (TTM)

-1.42

Peers (Alternatives to Berkeley Lights)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AAPL	2.5T	387.5B	-0.56%	-0.91%	25.94	6.37	2.44%	-5.35%
MSFT	2.1T	204.1B	-1.92%	-6.89%	30.5	10.08	10.38%	-5.25%
GOOG	1.3T	282.8B	1.63%	-25.54%	21.65	4.59	9.78%	-21.12%
AMZN	1.0T	514.0B	-3.36%	-34.72%	-376.42	1.99	9.40%	-108.16%
MID-CAP
NYMT	3.6B	258.4M	203.99%	176.76%	-11.9	13.75	24.91%	-254.56%
JBLU	2.3B	9.2B	-18.97%	-49.38%	-6.41	0.25	51.67%	-98.90%
SMALL-CAP
PLAY	1.7B	1.7B	-22.36%	-14.62%	13.72	0.97	61.79%	371.82%
TLRY	1.6B	602.5M	-17.77%	-52.80%	-2.74	2.63	18.18%	-18.59%
BYND	1.1B	418.9M	5.51%	-56.16%	-2.93	2.57	-9.85%	-101.06%
CGC	991.7M	478.9M	-11.35%	-65.42%	-0.32	2.07	-31.50%	-634.70%
MFA	954.9M	482.4M	-16.25%	-37.64%	-4.12	1.98	33.15%	-170.42%
NKLA	897.6M	50.8M	-34.66%	-77.56%	-1.14	17.66	1229.98%	-13.59%
GPRO	788.4M	1.1B	-10.56%	-33.33%	27.33	0.72	-5.82%	-92.23%
INO	281.8M	10.3M	-24.84%	-63.38%	-1.01	27.46	478.23%	7.85%

Financials for Berkeley Lights

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-6.4%	78,595,000	83,940,000	86,866,000	86,966,000	85,388,000
Gross Profit	-6.9%	53,781,000	57,737,000	58,125,000	57,927,000	56,551,000
Operating Expenses	5.5%	151,835,000	143,904,000	142,736,000	134,840,000	127,340,000
S&GA Expenses	65.2%	95,115,000	57,581,000	50,254,000	48,300,000	68,787,000
R&D Expenses	-12.1%	53,207,000	60,525,000	67,742,000	63,099,000	58,553,000
EBITDA	-13.8%	-88,026,000	-77,381,000	-77,126,000	-70,528,000	-
EBITDA Margin	-21.5%	-1.12	-0.92	-0.89	-0.81	-
Earnings Before Taxes	-13.1%	-97,940,000	-86,577,000	-85,382,000	-77,767,000	-71,779,000
EBT Margin	-20.8%	-1.25	-1.03	-0.98	-0.89	-
Interest Expenses	0.1%	910,000	909,000	912,000	1,041,000	1,171,000
Net Income	-13.4%	-98,040,000	-86,471,000	-85,308,000	-77,715,000	-71,724,000
Net Income Margin	-21.1%	-1.25	-1.03	-0.98	-0.89	-
Free Cahsflow	14.1%	-55,615,000	-64,763,000	-67,822,000	-71,635,000	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-3.7%	226	235	249	266	287
Current Assets	-2.2%	177	181	192	208	231
Cash Equivalents	-28.3%	87.00	121	143	165	178
Inventory	20.1%	19.00	16.00	16.00	16.00	15.00
Net PPE	-13.9%	24.00	28.00	29.00	30.00	28.00
Liabilities	9.6%	84.00	77.00	74.00	73.00	79.00
Current Liabilities	32.3%	45.00	34.00	29.00	28.00	33.00
Shareholder's Equity	-10.2%	142	158	174	193	208
Retained Earnings	-8.8%	-361	-332	-310	-285	-263
Additional Paid-In Capital	2.7%	504	491	485	478	472
Accumulated Depreciation	-	22.00	-	-	-	-
Shares Outstanding	5.2%	72.00	69.00	68.00	68.00	68.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	8.4%	-47.54	-51.92	-49.62	-51.84	-53.13
Share Based Compensation	-0.4%	22.00	22.00	23.00	22.00	21.00
Cashflow From Investing	-100.8%	-53.98	-26.88	-27.57	-19.80	-15.82
Cashflow From Financing	344.9%	10.00	2.00	5.00	6.00	14.00

Risks for BLI

What is the probability of a big loss on BLI?

80.7%

Probability that Berkeley Lights stock will be more than 20% underwater in next one year

80%

Probability that Berkeley Lights stock will be more than 30% underwater in next one year.

77.1%

Probability that Berkeley Lights stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does BLI drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Berkeley Lights was unfortunately bought at previous high price.

Drawdowns

Returns for BLI

Cumulative Returns on BLI

Which funds bought or sold BLI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	BAILLIE GIFFORD & CO	reduced	-63.76	-7,023,230	3,610,770	-%
2023-03-06	Rockefeller Capital Management L.P.	unchanged	-	-6,000	86,000	-%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	5,360	5,360	-%
2023-02-28	Voya Investment Management LLC	added	34.76	36,510	177,510	-%
2023-02-15	MetLife Investment Management, LLC	reduced	-30.57	-28,217	51,783	-%
2023-02-15	ALLIANCEBERNSTEIN L.P.	added	29.75	42,592	239,592	-%
2023-02-15	JANE STREET GROUP, LLC	added	202	58,040	89,040	-%
2023-02-15	Metropolitan Life Insurance Co/NY	added	2,644	9,487	9,487	-%
2023-02-15	Capital Impact Advisors, LLC	unchanged	-	-6,563	58,437	0.06%
2023-02-15	Point72 Middle East FZE	new	-	18,838	18,838	-%

Latest Funds Activity

Are funds buying BLI calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own BLI

No. of Funds

Berkeley Lights News

Schedule 13G FIlings of Berkeley Lights

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 09, 2023	nierenberg investment management company, inc.	1.7%	1,246,164	SC 13G
Feb 09, 2023	vanguard group inc	4.66%	3,208,543	SC 13G/A
Feb 01, 2023	blackrock inc.	6.8%	4,644,829	SC 13G/A
Feb 14, 2022	sc us (ttgp), ltd.	0.4%	279,214	SC 13G/A
Feb 09, 2022	vanguard group inc	6.57%	4,435,418	SC 13G
Feb 09, 2022	ark investment management llc	11.87%	8,006,435	SC 13G/A
Feb 04, 2022	khandros igor y	13.0%	8,783,384	SC 13G/A
Feb 04, 2022	blackrock inc.	6.7%	4,540,485	SC 13G
Jun 10, 2021	ark investment management llc	10.04%	6,699,944	SC 13G
Mar 09, 2021	nikon corp	0%	0	SC 13G/A

BLI Fair Value

Berkeley Lights fair value in different scenarios

The table shows the Fair Value estimates for Berkeley Lights for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	0.52 -60.00%	0.58 -55.38%	0.70 -46.15%	0.97 -25.38%	1.22 -6.15%
Current Inflation	0.51 -60.77%	0.57 -56.15%	0.68 -47.69%	0.91 -30.00%	1.13 -13.08%
Very High Inflation	0.51 -60.77%	0.56 -56.92%	0.65 -50.00%	0.84 -35.38%	1.02 -21.54%

Historical Berkeley Lights Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Berkeley Lights

View All Filings

Date Filed	Form Type	Document
Mar 16, 2023	8-K	Current Report
Mar 16, 2023	425	Prospectus Filed
Mar 10, 2023	8-K	Current Report
Mar 09, 2023	424B3	Prospectus Filed
Mar 09, 2023	SC 13G	Major Ownership Report
Mar 07, 2023	4	Insider Trading
Mar 07, 2023	4	Insider Trading
Mar 07, 2023	425	Prospectus Filed
Mar 07, 2023	4	Insider Trading
Mar 06, 2023	8-K	Current Report

Latest Insider Trading transactions for BLI

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-07	McClaskey James Paul	sold (taxes)	-17,732	1.65	-10,747	svp, chief accounting officer
2023-03-07	Joshi Mehul	sold (taxes)	-24,449	1.65	-14,818	chief financial officer
2023-03-03	McClaskey James Paul	acquired	-	-	75,269	svp, chief accounting officer
2023-03-03	Joshi Mehul	acquired	-	-	242,404	chief financial officer
2023-03-03	Kadia Siddhartha	acquired	-	-	317,029	chief executive officer
2023-02-20	McClaskey James Paul	sold (taxes)	-2,437	1.65	-1,477	svp, chief accounting officer
2023-01-20	McClaskey James Paul	sold (taxes)	-317	2.22	-143	svp, chief accounting officer
2022-12-09	Kadia Siddhartha	sold (taxes)	-97,614	2.64	-36,975	chief executive officer
2022-12-07	Kadia Siddhartha	sold (taxes)	-379	2.53	-150	chief executive officer
2022-11-20	McClaskey James Paul	sold (taxes)	-5,906	2.93	-2,016	svp, chief accounting officer

About Berkeley Lights

Siddhartha C. Kadia

www.berkeleylights.com

290

Berkeley Lights, Inc., a digital cell biology company, focuses on enabling and accelerating the rapid development and commercialization of biotherapeutics and other cell-based products. The company offers an integrated platform, which comprise of proprietary consumables, including OptoSelect chips and reagent kits, automation systems, and application and workflow software. It serves in North America, the Asia Pacific, and Europe. Berkeley Lights, Inc. was incorporated in 2011 and is headquartered in Emeryville, California.

BLI Income Statement

2022-12-31

Consolidated statements of operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue:
Total revenue	$ 78,595	$ 85,388	$ 64,303
Cost of sales:
Total cost of sales	24,814	28,837	19,748
Gross profit	53,781	56,551	44,555
Operating expenses:
Research and development	53,207	58,553	47,240
Selling, general and administrative	95,115	68,787	37,709
Restructuring	3,513	0	0
Total operating expenses	151,835	127,340	84,949
Loss from operations	(98,054)	(70,789)	(40,394)
Other income (expense):
Interest expense	(910)	(1,171)	(1,436)
Interest income	1,270	175	338
Other income (expense), net	(246)	6	82
Loss before income taxes	(97,940)	(71,779)	(41,410)
Provision for (benefit from) income taxes	100	(55)	174
Net loss	$ (98,040)	$ (71,724)	$ (41,584)
Net loss attributable to common stockholders per share, basic (in dollars per share)	$ (1.42)	$ (1.08)	$ (1.39)
Net loss attributable to common stockholders per share, diluted (in dollars per share)	$ (1.42)	$ (1.08)	$ (1.39)
Weighted-average shares used in calculating net loss per share, basic (in shares)	68,868,596	66,707,129	31,192,752
Weighted-average shares used in calculating net loss per share, diluted (in shares)	68,868,596	66,707,129	31,192,752
Product
Revenue:
Total revenue	$ 48,930	$ 56,575	$ 51,586
Cost of sales:
Total cost of sales	14,261	14,857	13,021
Service
Revenue:
Total revenue	29,665	28,813	12,717
Cost of sales:
Total cost of sales	$ 10,553	$ 13,980	$ 6,727

BLI Balance Sheet

2022-12-31

Consolidated balance sheets - USD ($)
$ in Thousands

Dec. 31, 2022

Dec. 31, 2021

Current assets:

Cash and cash equivalents

$ 86,522

$ 178,096

Short-term marketable securities

46,252

Trade accounts receivable

18,534

25,942

Inventory

18,861

14,547

Prepaid expenses and other current assets

6,783

11,985

Total current assets

176,952

230,570

Restricted cash

270

Property and equipment, net

23,847

27,992

Operating lease right-of-use assets

23,326

26,060

Other assets

1,969

2,361

Total assets

226,094

287,253

Current liabilities:

Trade accounts payable

10,092

8,198

Accrued expenses and other current liabilities

21,340

12,425

Current portion of notes payable

4,966

Deferred revenue

9,092

12,128

Total current liabilities

45,490

32,751

Notes payable, net of current portion

14,860

19,762

Deferred revenue, net of current portion

963

2,187

Lease liability, long-term

22,726

24,337

Total liabilities

84,039

79,037

Commitments and contingencies (Note 17)

Stockholders’ equity:

Convertible preferred stock, $0.00005 par value. Authorized 10,000,000 shares at December 31, 2022 and 2021, respectively; no shares issued and outstanding at December 31, 2022 and 2021

Common stock, $0.00005 par value. Authorized 300,000,000 shares at December 31, 2022 and 2021, respectively; issued and outstanding 72,169,052 shares and 67,595,535 shares at December 31, 2022 and 2021, respectively

^[1]

Additional paid-in capital

503,708

471,820

Accumulated deficit

(361,648)

(263,608)

Accumulated other comprehensive loss

(9)

Total stockholders’ equity

142,055

208,216

Total liabilities and stockholders’ equity

$ 226,094

$ 287,253

[1]	See Note 12 for further information.