Fulgent Genetics (NASDAQ:FLGT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$71.7m (down 15% from 3Q 2023).

• Net loss: US$14.6m (loss widened by 12% from 3Q 2023).

• US$0.48 loss per share (further deteriorated from US$0.44 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Fulgent Genetics EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.2%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Healthcare industry in the US.

Performance of the American Healthcare industry.

The company's shares are down 10% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Fulgent Genetics.

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