Fulgent Genetics Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Fulgent Genetics (NASDAQ:FLGT) Full Year 2023 Results

Key Financial Results

• Revenue: US$289.2m (down 53% from FY 2022).

• Net loss: US$167.8m (down by 217% from US$143.4m profit in FY 2022).

• US$5.64 loss per share (down from US$4.77 profit in FY 2022).

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

Fulgent Genetics Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 175%.

Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Healthcare industry in the US.

Performance of the American Healthcare industry.

The company's shares are down 7.1% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Fulgent Genetics that we have uncovered.

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