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Thursday, May 19, 2022

Pulse Biosciences, Inc. (PLSE) stock is down in the Current market; here is why?

Pulse Biosciences, Inc. (PLSE) stock declined in the current market after announcing its Q4 and fiscal 2021 results. PLSE’s share price is $3.43, losing more than 29% compared to yesterday’s closing price. PLSE stock closed at $4.86 at the end of the last trading session. PLSE’s stock volume was around 168.43K shares in the previous trading session. The current market cap of the company is about $144.01 million.

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PLSE: Q4 and Fiscal 2021 Key Financials

  • Q4 revenue was $844K; last year, the company had zero revenue in the fourth quarter.
  • R&D expense in the fourth quarter was $5.6 million. Previously, in Q4 2020, R&D expense was $4 million.
  • Net loss in Q4 was $15.4 million. Q4 2020 net loss was $13.7 million.
  • Basic and diluted loss per share in Q4 2021 was $0.52; in Q4 2020, it was $0.54.
  • Fiscal 2021 revenue was $1.4 million; the company had zero revenue in fiscal 2020.
  • R&D expense in FY21 was $28.6 million. Previously, in 2020, R&D expense was $26.4 million.
  • Net loss in fiscal 2021 was $63.6 million. The fiscal 2020 net loss was $49.8 million.
  • Basic and diluted loss per share in FY2021 was $2.28; in FY 2020, it was $2.14.

PLSE: Achievements in Fiscal 2021

  • The company recorded revenue for the first time.
  • The company had made different management and strategy changes to focus on different processes related to new system sales.
  • The company appointed two gurus in the industry to help them achieve their goals.
  • The company had started initiatives to cut different general and administration expenses and had some layoffs to decrease expenses.
  • The business accomplished 3 sales of CellFX Systems, two in Q4 2021 and one in Q1 2022.
  • After 11 clinics opted out of the Controlled Launch program in Q1, 20 clinics remain.


The company announced its fiscal 2021 results and recorded increasing losses. Although the company made a major development by achieving its first-ever revenue, the losses made the investors skeptical. PLSE had achieved developments in the business, but losses were too significant, making the investors reluctant about it. The company was a pre-revenue company, and for such companies, investors care about performance rather than revenue.

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