Sunday, September 20, 2020

The 93 Largest San Francisco Area's San Mateo County-Headquartered Companies Total Pretax Earnings Experienced a Very Sharp Negative Earnings Reversal, Going From an Increase of 19% in the First Quarter of 2020 To a Huge 42% Decline in the Second Quarter of 2020. The Trump Administration's Reputedly Strong US Economy Certainly Hasn't Hit the Key San Mateo County of the San Francisco Bay Area.

From a review of Company SEC filings and the Google Finance website, I found 93 Companies headquartered in San Francisco Area's San Mateo County with stock market caps of above $100 mil recently.  Of these 93 San Mateo County Companies, 86 or 92% of them had June 2020 second quarter ends, 6 had July 2020 second quarter ends and 1 had a May 2020 second quarter end.

The table below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the second and first quarters of both 2020 and 2019 for each of these superb 93 San Mateo County Companies located in the San Francisco Bay Area.


US US US US
GAAP GAAP GAAP GAAP
Pretax Pretax Pretax Pretax
Income Income Income Income
(Loss) (Loss) (Loss) (Loss)
Second Second First First
Companies Located in the San Francisco Bay Area  Quarter Quarter Quarter Quarter
Those Companies HQd in San Mateo County 2020 2019 2020 2019
Stock Market Caps Above $100 Mil City HQs mils $ mils $ mils $ mils $
Essex Property Trust San Mateo            92            98          329          126
Franklin Resources San Mateo          270          414          103          493
Model N San Mateo            (2)            (3)            (4)            (6)
Coupa Software San Mateo          (47)          (30)          (15)          (20)
SVMK (Survey Monkey) San Mateo          (23)          (19)          (24)          (18)
Guidewire Software San Mateo            49            24          (36)          (13)
GoPro San Mateo          (50)          (12)          (61)          (24)
Snowflake San Mateo          (77)          (93)              (94)          (84)
Oracle Redwood City       3,696       3,866       3,076       3,088
Electronic Arts Redwood City          468          436          414          219
Equinix Redwood City          178          191          149          160
Coherus Bioscioences Redwood City            60            24            37          (20)
Rezolute Redwood City            (5)          (20)            (5)          (20)
Soleno Therapeutics Redwood City            (7)          (10)            (6)            (7)
Codexis Redwood City            (6)            (6)            (8)            (5)
Acelrx Pharmaceuticals Redwood City            (7)          (12)          (16)          (14)
Zuora Redwood City          (20)          (21)          (17)          (20)
Talend S.A. Redwood City          (21)          (18)          (18)          (18)
Revolution Medicines Redwood City          (27)          (10)          (20)          (10)
Adverum Biotechnologies Redwood City/Menlo Park          (29)          (15)          (23)          (14)
Box Inc Redwood City            (7)          (36)          (25)          (36)
Nevro Redwood City          (41)          (28)          (25)          (44)
Allakos Redwood City          (39)          (19)          (28)          (20)
Guardant Health Redwood City          (50)          (13)          (32)          (21)
Menlo Therapeutics Redwood City        (168)          (19)          (40)          (15)
Sumo Logic Redwood City          (12)          (14)              (23)          (15)
Facebook Menlo Park       6,131       4,832       5,861       3,482
Robert Half International Menlo Park            58          160          132          147
Corcept Therapeutics Menlo Park            36            26            39            20
Exponent Menlo Park            21            29            24            23
Pacific Biosciences of California Menlo Park          (23)          (25)              1          (30)
TriplePoint Venture Growth BDC Corp Menlo Park            21            24            (5)            11
Personalis Menlo Park            (9)            (6)            (9)            (6)
Geron Corp Menlo Park/ Foster City          (16)          (14)          (16)          (10)
Intersect ENT Menlo Park          (23)          (11)          (18)          (11)
Rigel Pharmaceuticals South San Francisco          (18)          (21)            21          (18)
Pliant Technologies South San Francisco          (17)          (16)            11          (14)
Core-Mark Holding South San Francisco / Westlake, TX            23            24              6              2
Vaxart South San Francisco            (9)            (6)            (1)            (1)
CytomX Therapeutics South San Francisco          (16)          (29)            (2)          (14)
Catalyst Biosciences South San Francisco          (17)          (14)            (4)          (15)
CareDX South San Francisco            (7)            (8)            (6)            (8)
ORIC Pharmaceuticals South San Francisco          (11)            (6)            (9)            (6)
Kezar Life Sciences South San Francisco          (10)            (9)          (10)            (8)
Akero Therapeutics South San Francisco          (16)            (7)          (12)            (5)
Ideaya Biosciences South San Francisco          (12)          (11)          (12)          (10)
Veracyte South San Francisco          (11)            (2)          (12)            (2)
Harpoon Therapeutics South San Francisco          (13)          (12)          (13)          (14)
Rapt Therapeuticals South San Francisco          (12)          (11)          (13)            (9)
Applied Molecular Transport South San Francisco          (15)            (7)          (15)            (5)
Cortexyme South San Francisco          (18)            (9)          (17)            (6)
Fluidigm South San Francisco          (14)          (15)          (17)          (25)
NGM Biopharmaceuticals South San Francisco          (26)            (8)          (19)            (8)
Atreca South San Francisco          (20)          (18)          (20)          (14)
Five Prime Therapeutics South San Francisco          (17)          (34)          (20)          (35)
Sutro BioPharma South San Francisco            30          (14)          (20)          (14)
Calithera Biosciences South San Francisco          (20)          (24)          (24)          (24)
Prothena Corp plc South San Francisco          (27)          (16)          (24)          (21)
Assembly Biosciences South San Francisco              7          (19)          (27)          (27)
Unity BioTechnology South San Francisco          (19)          (24)          (28)          (19)
Principia Biopharma South San Francisco            11              7          (32)          (14)
Twist Bioscience South San Francisco          (28)          (28)          (32)          (26)
Cytokinetics South San Francisco          (41)          (32)          (39)          (29)
Alector South San Francisco          (45)          (25)          (40)          (19)
Allogene Therapeutics South San Francisco          (61)          (41)          (54)          (32)
Denali Therapeutics South San Francisco          (59)          (59)          (57)          (39)
Portola Pharmaceuticals (Acquired by Alexion) South San Francisco  NA   NA           (69)          (78)
MyoKardia South San Francisco / Brisbane          (64)          (38)          (70)          (37)
Global Blood Therapeutics South San Francisco          (53)          (57)          (73)          (49)
Atara Biotherapeutics South San Francisco          (77)          (74)          (74)          (66)
Tricida South San Francisco          (58)          (37)          (74)          (38)
Theravance BioPharma South San Francisco          (63)          (40)          (83)          (73)
Annexon South San Francisco          (12)            (9)              (12)            (9)
Nkarta South San Francisco          (51)            (5)                (9)            (3)
Gilead Sciences Foster City     (2,973)       2,410       2,003       2,350
Qualys Foster City            27            19            22            16
QuinStreet Foster City              2              3            14            (1)
Mirum Pharmaceuticals Foster City          (23)          (14)          (21)            (6)
Vaxcyte Foster City          (20)          (11)              (27)          (14)
Innoviva Burlingame          118            56            95            49
Humanigen Burlingame          (24)            (3)            (2)            (3)
Corvus Pharmaceuticals Burlingame          (11)          (13)          (13)          (12)
Kindred Biosciences Burlingame            24          (14)          (23)          (16)
ALX Oncology Burlingame          (11)            (4)                (5)            (4)
Check Point Software Technologies Ltd San Carlos          240          233          220          225
Oportun Financial Corp San Carlos          (47)            19          (18)            20
Natera San Carlos          (60)          (31)          (35)          (34)
Iovance Biotherapeutics San Carlos          (70)          (37)
Cutera Brisbane          (63)          (48)          (12)            (8)
Sangamo Therapeutics Brisbane          (36)          (30)          (43)          (42)
Myovant Sciences Ltd Brisbane          (32)          (68)          (65)          (75)
Aimmune Therapeutics Brisbane          (69)          (63)          (86)          (54)
RingCentral Belmont              1            (9)          (61)            (9)
Total all 93 San Mateo County Cos       6,528     11,348     10,465       8,781
… % Change From Prior Year Quarter -42% 19%