NASDAQ$FLGT

Fulgent Genetics Inc. · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported record second quarter results driven by COVID-19 testing demand and growth in traditional genetic testing orders.

Fulgent Genetics reported record second-quarter revenue of $17.3 million, a 105% increase year-over-year. GAAP earnings were $3.3 million, or $0.14 per share, and non-GAAP earnings were $4.0 million, or $0.17 per share. The company's growth was fueled by its COVID-19 testing services and a rebound in traditional genetic testing orders.

  • Record revenue of $17.3 million, a 105% increase year-over-year.
  • Delivered 180,513 billable tests, a 1003% increase year-over-year.
  • GAAP earnings of $3.3 million, or $0.14 per share.
  • Non-GAAP earnings of $4.0 million, or $0.17 per share.

Headline financials

Total Revenue

$17.3M

Previous: $8.42M+105.0%
EPS (adj)

$0.17

Previous: $0.06+183.3%
Capital Expenditures

-$1.21M

Previous: -$633K-90.7%
Free Cash Flow

$2.11M

Previous: -$302K+800.0%
Net Income

$3.32M

Previous: $331K+903.3%
Operating Income

$2.64M

Previous: $295K+794.9%
Gross Profit

$9.55M

Previous: $4.8M+98.8%
Cash & Equivalents

$2.43M

No prior period
Total Assets

$95.9M

No prior period

Revenue & EPS history

Fulgent · Revenue · Quarterly

$17.3M

Q2 2020+105%vs Q2 2019
Beat estimate in 14 of 16 quarters(88%)
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 Q2 2020

Historical avgQ2 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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