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Stock impact report

Fulgent Genetics Inc (FLGT) Q3 2024 Earnings Call Highlights: Strategic Growth Amid Revenue Decline [Yahoo! Finance]

Fulgent Genetics, Inc. (FLGT) 
Last fulgent genetics, inc. earnings: 3/10 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.fulgentgenetics.com
Company Research Source: Yahoo! Finance
GAAP Gross Margin: Non-GAAP Gross Margin: GAAP Operating Expenses: $43.9 million for Q3 2024. Non-GAAP Operating Expenses: $32.9 million for Q3 2024. Non-GAAP Operating Margin: Adjusted EBITDA Income: Approximately $400,000 for Q3 2024. Non-GAAP Income: $9.4 million or $0.31 per share. Cash and Equivalents: Approximately $815.4 million at the end of Q3 2024. 2024 Revenue Guidance: Total core revenue expected to be approximately $280 million. 2024 Non-GAAP Gross Margin Guidance: High 30% range, targeting 40% by year-end. 2024 Non-GAAP EPS Guidance: Improved to a net income of $0.33 per share. Warning! GuruFocus has detected 4 Warning Signs with FLGT. Release Date: November 08, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Fulgent Genetics Inc ( NASDAQ:FLGT ) reported $71.7 million in total revenue for Q3 2024, driven by momentum in precision diagnostics, particularly in reproductive health and oncol Show less Read more
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