Fluidigm Corporation (FLDM) Reports Q1 Loss of 57c/sh

Fluidigm Corporation (NASDAQ: FLDM) reported Q1 EPS of ($0.57), may not compare to the analyst estimate of ($0.31). Revenue for the quarter came in at $25.7 million versus the consensus estimate of $22.91 million.

Financial Outlook

Fluidigm is projecting 2014 total revenue to be between $111 million to $116 million. Organic revenue is now projected to be between $91 million and $94 million, an increase of 28% to 32% over 2013, versus prior growth guidance of 23% to 28%. The Company projects 2014 operating expenses on a GAAP basis to be between $134 million and $136 million and, on a non-GAAP basis, excluding approximately $11 million of estimated acquisition-related expenses, $19 million of estimated stock-based compensation expense, and $4 million of estimated depreciation and amortization expense, to be between $100 million and $102 million (also, see accompanying table for reconciliation of GAAP and non-GAAP operating expenses for the first quarter of 2014 and 2013). Stock-based compensation expense is expected to be between $21 million and $22 million, including $9 million related to assumed share-based awards from the DVS acquisition. Interest expense is projected to be $5.3 million and capital spending is expected to be between $11 million and $13 million.

For earnings history and earnings-related data on Fluidigm Corporation (FLDM) click here.

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