Fulgent Genetics Inc
For the period ended Mar 31, 2024. Filed May 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
FLGT$26.15+10.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(in thousands, except per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | $64,485 | $66,168 |
| Cost of revenue | 42,381 | 47,357 |
| Gross profit | 22,104 | 18,811 |
| Operating expenses: | ||
| Research and development | 11,434 | 9,782 |
| Selling and marketing | 8,989 | 10,083 |
| General and administrative | 21,489 | 21,802 |
| Amortization of intangible assets | 1,990 | 1,968 |
| Total operating expenses | 43,902 | 43,635 |
| Operating loss | (21,798) | (24,824) |
| Interest and other income, net | 7,625 | 3,775 |
| Loss before income taxes | (14,173) | (21,049) |
| Benefit from income taxes | (327) | (5,200) |
| Net loss from consolidated operations | (13,846) | (15,849) |
| Net loss attributable to noncontrolling interests | 384 | 509 |
| Net loss attributable to Fulgent | $(13,462) | $(15,340) |
| Net loss per common share attributable to Fulgent: | ||
| Basic | $(0.45) | $(0.52) |
| Diluted | $(0.45) | $(0.52) |
| Weighted-average common shares: | ||
| Basic | 29,769 | 29,536 |
| Diluted | 29,769 | 29,536 |
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