Repligen Reports First Quarter 2020 Financial Results and Updates Full Year 2020 Financial Guidance
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Repligen (RGEN) Tops Q1 EPS by 11c, Revenues Beat; Raises FY20 EPS Guidance Above Consensus, Reaffirms Revenue Views Above Consensus
May 6, 2020 7:42 AM EDTRepligen (NASDAQ: RGEN) reported Q1 EPS of $0.32, $0.11 better than the analyst estimate of $0.21. Revenue for the quarter came in at $76.1 million versus the consensus estimate of $71.19 million.
Financial Highlights for the First Quarter 2020
Revenue increased by 25% year-over-year as reported and 16% organically, to $76.1 millionGAAP gross margin increased to 58.0%, a year-over-year increase of 220 bpsAdjusted gross margin (non-GAAP) increased to 58.5%, a year-over-year increase of 250 bpsGAAP fully diluted EPS increased to $0.18 compared to $0.17 for the first quarter of 2019Adjusted fully diluted EPS (non-GAAP) increased to $0.32 compared to $0.26 for... More