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Stock impact report

Fulgent Reports Third 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 $71.7 millionCore Revenue grows 9% year-over-year to $71.7 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 third quarter ended September 30, 2024.Third Quarter 2024 Results:Total Revenue of $71.7 millionCore Revenue1 grew 9% year-over-year to $71.7 millionGAAP loss of $14.6 million, or ($0.48) per shareNon-GAAP income of $9.4 million, or $0.31 per shareAdjusted EBITDA income of $0.4 millionCash, cash equivalents, restricted cash, and investments in marketable securities of $815.4 million as of September 30, 2024Note: 1) Core Revenue is revenue calculated in accordance with GAAP minus revenue from COVID-19 testing products and services Show less Read more
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