Fulgent Genetics Inc (OQ:FLGT)

Business Focus: Medical & Diagnostic Laboratories

Sector:  Healthcare Industry:  Healthcare Facilities & Services
 
See Regulatory Filings on SEC
Company Contact
Address: 4399 SANTA ANITA AVE
EL MONTE CA 91731
Tel: 1-415-2174964
Website: https://www.fulgentgenetics.com
IR: See website
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Key People
Ming Hsieh
Chairman of the Board, Chief Executive Officer
Jian Xie
President, Chief Operating Officer
Paul Kim
Chief Financial Officer
Hanlin Gao
Chief Scientific Officer, Laboratory Director
   
Business Overview
Fulgent Genetics, Inc. is a technology-based genetic company with a laboratory services business and a therapeutic development business. The Company's laboratory services business includes technical laboratory services and professional interpretation of laboratory results by licensed physicians. Its therapeutic development business is focused on developing drug candidates for treating a range of cancers using a nanoencapsulation and targeted therapy platform designed to improve the therapeutic window and pharmacokinetic profile (PK) profile of new and existing cancer drugs. Its technology platform for its laboratory services business includes gene probes, data suppression and comparison algorithms, learning software, and laboratory information management systems. The platform provides a test menu, the ability to rapidly develop and launch new tests and customizable test offerings. The Company also offers next-generation sequencing (NGS) services.
Financial Overview
For the fiscal year ended 31 December 2023, Fulgent Genetics Inc revenues decreased 53% to $289.2M. Net loss totaled $167.8M vs. income of $143.4M. Revenues reflect Insurance segment decrease of 60% to $151.9M, Institutional segment decrease of 44% to $134.2M, United States segment decrease of 55% to $269M. Net loss reflects Research and development increase of 44% to $26.6M (expense).
Employees: 1,184 as of Feb 15, 2024
Reporting Currency: U.S. Dollars
Enterprise value: $224.20M as of Mar 31, 2024
Annual revenue (TTM): $289.21M as of Mar 31, 2024
EBITDA (TTM): -$49.15M as of Mar 31, 2024
Net annual income (TTM): -$167.83M as of Mar 31, 2024
Free cash flow (TTM): $4.80M as of Mar 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 29,900,666 as of Mar 21, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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