NASDAQ$FLGT

Fulgent Genetics Inc. · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Fulgent Genetics' first quarter results for fiscal year 2020 were announced, demonstrating revenue growth and strategic investments in COVID-19 testing solutions.

Fulgent Genetics reported a 44% year-over-year increase in revenue, totaling $7.8 million for the first quarter of 2020. The company launched multiple COVID-19 screening tests and saw strong demand, which helped offset challenges in its core rare disease, oncology, and reproductive health businesses. The company made significant investments in the research, development, and launch of COVID-19 tests, impacting the bottom line.

  • Revenue totaled $7.8 million, a 44% increase year-over-year.
  • Billable tests delivered totaled 13,163, a 75% increase year-over-year.
  • GAAP loss was $2.0 million, or $0.09 per share.
  • Non-GAAP loss was $749,000, or $0.03 per share.

Headline financials

Total Revenue

$7.75M

Previous: $5.37M+44.4%
EPS (adj)

-$0.03

Previous: -$0.06+50.0%
Capital Expenditures

-$796K

Previous: -$134K-494.0%
Free Cash Flow

-$2.75M

Previous: -$2.04M-34.8%
Net Income

-$1.96M

Previous: -$1.91M-2.5%
Operating Income

-$1.91M

Previous: -$1.82M-5.0%
Gross Profit

$3.7M

Previous: $2.4M+53.9%
Cash & Equivalents

$9.3M

No prior period
Total Assets

$89.3M

No prior period

Revenue & EPS history

Fulgent · Revenue · Quarterly

$7.75M

Q1 2020+44.4%vs Q1 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Fulgent · $66M total across 1 segment · Q3 2023

  • Core Revenue
    $66M+17.9%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-2.5%

Avg return

Earnings day

-0.5%

Avg return

5 days after

-1.3%

Avg return

30 days after

37%

15 / 41 earnings

Positive

+38.3%

Q3 2019

Best reaction

-38.1%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-7.0%-1.8%+19.2%
Q4 2025-38.1%-43.5%-37.0%
Q3 2025+18.3%+30.3%+24.6%
Q1 2025+18.7%+8.1%+20.1%
Q4 2024-1.5%+6.1%+8.7%
Q3 2024-9.0%-16.3%-8.8%
Q2 2024+0.4%-0.3%-4.3%
Q1 2024+1.2%+0.1%-2.8%
Q4 2023-11.5%-6.8%-14.8%
Q3 2023+14.0%+11.1%+15.5%
Q2 2023-15.4%-18.1%-18.6%
Q1 2023+16.1%+23.4%+41.4%
Q4 2022-2.5%+3.3%-9.1%
Q3 2022-8.6%+3.3%-2.4%
Q2 2022-4.9%-20.4%-33.9%
Q1 2022+4.4%-4.1%-1.6%
Q4 2021-1.3%+0.1%-2.1%
Q3 2021-1.1%+10.5%+4.3%
Q2 2021-8.0%-10.9%-15.2%
Q1 2021+3.9%-2.5%+2.6%
Q4 2020-0.5%+18.1%+8.3%
Q3 2020-17.0%+6.9%+20.0%
Q2 2020+27.2%+26.1%+13.2%
Q1 2020-21.0%+3.9%+10.3%
Q4 2019-32.3%-42.6%-29.1%
Q3 2019+38.3%+68.1%+26.0%
Q2 2019+31.9%+45.4%+46.7%
Q1 2019-15.8%-16.5%-11.3%
Q4 2018+9.6%+7.6%+29.3%
Q3 2018+6.9%+12.3%+2.8%
Q2 2018-0.8%-4.9%-17.9%
Q1 2018-0.3%-2.3%-4.9%
Q4 2017-9.1%-20.9%-15.6%
Q3 2017+0.4%-4.0%+0.9%
Q2 2017-15.6%-9.9%-16.4%
Q1 2016-31.1%-30.0%-53.4%
Q1 2017-33.1%-29.4%-53.9%
Q2 2016-3.8%-9.0%-7.5%
Q4 2016+1.1%-4.2%-2.9%
Q4 2015-1.6%-1.7%+8.2%
Q3 2016-3.1%-4.1%+9.5%
Q3 2015
Q2 2015
Q1 2015

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