Fulgent Genetics ( (FLGT) ) has provided an announcement.
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Fulgent Genetics reported third-quarter 2024 financial results, showcasing a total revenue of $71.7 million with a 9% year-over-year growth in core revenue. While the company faced a GAAP loss of $14.6 million, it achieved a non-GAAP income of $9.4 million. Fulgent remains optimistic about its full-year core revenue guidance of $280 million and improved earnings per share. The company continues to advance its laboratory services and therapeutic development, particularly in cancer treatment trials, while maintaining strong cash reserves.
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