Fulgent Genetics, Inc. (FLGT) Tops Q1 EPS by 73c; Raises Outlook

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Go back to Fulgent Genetics, Inc. (FLGT) Tops Q1 EPS by 73c; Raises Outlook

Fulgent Genetics Reports Record First Quarter Financial Results

May 6, 2021 4:05 PM EDT

First Quarter 2021 Results:

Record Revenue of $359.4 million, growing more than 4,500% year-over-year Record Billable tests delivered approximately 3.8 million, or 290 times the volume of first quarter of 2020 Gross Margin improved approximately 32 percentage points year-over-year NGS Revenue grew 115% year-over-year Record GAAP income of $200.7 million, or $6.52 per share Record Non-GAAP income of $202.9 million, or $6.59 per share Record Adjusted EBITDA of $271.9 million Cash from operations of $233.2 million; Cash and investments of $697.4 million as of March 31, 2021

2021 Outlook:

Raises full year total revenue outlook to $830 million from $800 million,... More