Fluidigm Corporation (FLDM) Tops Q3 EPS by 9c, Comment Outlook
Fluidigm Corporation (NASDAQ: FLDM) reported Q3 EPS of ($0.12), $0.09 better than the analyst estimate of ($0.21). Revenue for the quarter came in at $12.6 million versus the consensus estimate of $13.35 million.
Financial Outlook
The Company currently expects full year 2012 product revenue to grow 24% to 26% over full year 2011 product revenue of $40.6 million. This range incorporates appropriate conservatism regarding customer buying behavior outside of our single-cell business prior to the impending federal budget sequestration decision. Fluidigm expects annual product revenue in 2012 to pass the $50 million mark for the first time in its history. In addition, 2012 grant revenue is expected to be approximately $0.6 million.
Financial Outlook
The Company currently expects full year 2012 product revenue to grow 24% to 26% over full year 2011 product revenue of $40.6 million. This range incorporates appropriate conservatism regarding customer buying behavior outside of our single-cell business prior to the impending federal budget sequestration decision. Fluidigm expects annual product revenue in 2012 to pass the $50 million mark for the first time in its history. In addition, 2012 grant revenue is expected to be approximately $0.6 million.
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