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Stock impact report

Fulgent Reports Second Quarter 2024 Financial Results 

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: Business Wire
Total Revenue of $71.0 millionCore Revenue grows 5% year-over-year to $70.2 millionReiterates Full Year 2024 Core Revenue Guidance of $280 million, Improves Earnings Per Share Guidance for 2024 EL MONTE, Calif.--(BUSINESS WIRE)--Fulgent Genetics, Inc. (NASDAQ: FLGT) (“Fulgent,” or the “Company”), a technology-based company with a well-established laboratory services business and a therapeutic development business, today announced financial results for its second quarter ended June 30, 2024.Second Quarter 2024 Results:Total Revenue of $71.0 millionCore Revenue1 grew 5% year-over-year to $70.2 millionGAAP loss of $8.7 million, or ($0.29) per shareNon-GAAP income of $4.7 million, or $0.15 per shareAdjusted EBITDA loss of $727,000Cash from operations of $4.3 millionCash, cash equivalents, and investments in marketable securities of $837.9 million as of June 30, 2024Note:1) Core Revenue is revenue calculated in accordance with GAAP minus revenue from COVID-19 testing products and servic Show less Read more
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