2024 Q1 Form 10-K Financial Statement

#000095017024022233 Filed on February 28, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $64.49M $70.51M $289.2M
YoY Change -2.54% 4.14% -53.27%
Cost Of Revenue $42.38M $45.28M $184.8M
YoY Change -10.51% -17.25% -26.7%
Gross Profit $22.10M $25.23M $104.5M
YoY Change 17.51% 94.26% -71.53%
Gross Profit Margin 34.28% 35.78% 36.12%
Selling, General & Admin $30.48M $42.21M $130.5M
YoY Change -4.41% 8.09% -13.02%
% of Gross Profit 137.88% 167.29% 124.9%
Research & Development $11.43M $11.95M $41.44M
YoY Change 16.89% 40.46% 43.34%
% of Gross Profit 51.73% 47.37% 39.67%
Depreciation & Amortization $6.663M $6.533M $26.14M
YoY Change -3.14% -33.35% -19.96%
% of Gross Profit 30.14% 25.89% 25.03%
Operating Expenses $43.90M $56.12M $300.0M
YoY Change 0.61% 13.28% 59.25%
Operating Profit -$21.80M -$30.89M -$195.5M
YoY Change -12.19% -15.5% -209.52%
Interest Expense $7.625M $5.925M $21.44M
YoY Change 3712.5% 91.75% 6097.69%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$14.17M -$145.2M -$174.1M
YoY Change -32.67% 333.91% -194.6%
Income Tax -$327.0K -$10.86M $1.154M
% Of Pretax Income
Net Earnings -$13.46M -$128.1M -$167.8M
YoY Change -12.24% 437.72% -217.03%
Net Earnings / Revenue -20.88% -181.76% -58.03%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.45 -$4.31 -$5.64
COMMON SHARES
Basic Shares Outstanding 29.78M 29.63M 29.78M
Diluted Shares Outstanding 29.77M 29.78M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $305.7M $424.2M $424.2M
YoY Change -39.4% -19.4% -19.4%
Cash & Equivalents $54.68M $97.47M $97.47M
Short-Term Investments $251.0M $326.7M $326.7M
Other Short-Term Assets $28.75M $32.56M $26.25M
YoY Change -12.04% -33.4% 136.58%
Inventory
Prepaid Expenses $7.359M $7.744M
Receivables $52.06M $51.13M $51.13M
Other Receivables $1.065M $1.319M $6.313M
Total Short-Term Assets $386.5M $507.8M $507.8M
YoY Change -33.44% -19.12% -19.12%
LONG-TERM ASSETS
Property, Plant & Equipment $86.72M $83.46M $95.62M
YoY Change 9.66% 2.59% -3.34%
Goodwill $22.06M $22.06M
YoY Change -84.59% -84.58%
Intangibles $141.0M $143.1M
YoY Change -5.18% -5.04%
Long-Term Investments $540.5M $423.6M $423.6M
YoY Change 47.34% 29.67% 29.67%
Other Assets $32.68M $34.90M $43.19M
YoY Change -27.91% -20.9% 10.9%
Total Long-Term Assets $843.4M $727.5M $727.5M
YoY Change 5.95% -4.05% -4.05%
TOTAL ASSETS
Total Short-Term Assets $386.5M $507.8M $507.8M
Total Long-Term Assets $843.4M $727.5M $727.5M
Total Assets $1.230B $1.235B $1.235B
YoY Change -10.67% -10.87% -10.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.62M $15.36M $15.36M
YoY Change -11.16% -33.49% -33.49%
Accrued Expenses $25.92M $30.74M $30.74M
YoY Change 22.9% 23.04% 23.04%
Deferred Revenue $2.762M $2.874M
YoY Change 1.06% -10.16%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Long-Term Debt Due $956.0K $1.727M $1.727M
YoY Change 0.21% 83.14% 83.14%
Total Short-Term Liabilities $75.95M $73.02M $73.02M
YoY Change -7.31% -17.13% -17.13%
LONG-TERM LIABILITIES
Long-Term Debt $622.0K $3.760M $3.760M
YoY Change -60.51% 106.82% 106.82%
Other Long-Term Liabilities $13.91M $15.08M $11.32M
YoY Change -13.48% -17.28% -31.02%
Total Long-Term Liabilities $13.91M $15.08M $15.08M
YoY Change -13.48% -17.28% -17.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $75.95M $73.02M $73.02M
Total Long-Term Liabilities $13.91M $15.08M $15.08M
Total Liabilities $103.2M $102.0M $99.23M
YoY Change -4.27% -12.17% -16.87%
SHAREHOLDERS EQUITY
Retained Earnings $619.7M $633.2M
YoY Change -21.12% -20.95%
Common Stock $511.3M $501.7M
YoY Change 3.09% 3.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.130B $1.136B $1.136B
YoY Change
Total Liabilities & Shareholders Equity $1.230B $1.235B $1.235B
YoY Change -10.67% -10.87% -10.87%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$13.46M -$128.1M -$167.8M
YoY Change -12.24% 437.72% -217.03%
Depreciation, Depletion And Amortization $6.663M $6.533M $26.14M
YoY Change -3.14% -33.35% -19.96%
Cash From Operating Activities $7.266M $14.93M $27.00M
YoY Change -191.89% -55.03% -89.35%
INVESTING ACTIVITIES
Capital Expenditures $4.056M $3.106M $22.21M
YoY Change 99.41% -34.22% 18.28%
Acquisitions $399.0K
YoY Change -99.77%
Other Investing Activities -$43.13M $27.38M $61.11M
YoY Change 1759.05% -131.15% -125.19%
Cash From Investing Activities -$47.19M $24.27M $38.90M
YoY Change 983.74% -126.21% -114.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $25.06M
YoY Change -66.29%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.807M -25.95M -47.79M
YoY Change 154.95% -12.31% -38.05%
NET CHANGE
Cash From Operating Activities 7.266M 14.93M 27.00M
Cash From Investing Activities -47.19M 24.27M 38.90M
Cash From Financing Activities -2.807M -25.95M -47.79M
Net Change In Cash -42.80M 13.25M 17.97M
YoY Change 220.95% -114.89% -121.04%
FREE CASH FLOW
Cash From Operating Activities $7.266M $14.93M $27.00M
Capital Expenditures $4.056M $3.106M $22.21M
Free Cash Flow $3.210M $11.83M $4.796M
YoY Change -132.29% -58.48% -97.96%

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ProfitLoss
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ProfitLoss
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ProfitLoss
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ProfitLoss
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ProfitLoss
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ProfitLoss
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CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, as well as the reported amounts of revenue and expenses during the reporting periods. These estimates, judgments and assumptions are based on historical data and experience available at the date of the accompanying consolidated financial statements, as well as various other factors management believes to be reasonable under the circumstances. The Company’s estimates and assumptions may evolve as conditions change. Actual results could differ significantly from these estimates.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">On an on-going basis, management evaluates its estimates, primarily those related to: (i) revenue recognition criteria, (ii) accounts receivable and allowances for credit losses, (iii) the useful lives of fixed assets and intangible assets, (iv) estimates of tax liabilities, (v) valuation of goodwill and indefinite-lived </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">intangible assets at time of acquisition and on a recurring basis, and (vi) valuation of investments.</span></p>
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
41205000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
11217000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1898000
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-880000
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
32596000
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
8931000
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
15099000
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
2608000
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
499000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
25226000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
41205000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
11217000
CY2023Q4 flgt Redeemable Preferred Stock Investment Noncurrent
RedeemablePreferredStockInvestmentNoncurrent
20400000
CY2023 us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
8100000
CY2022 us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
-9600000
CY2023 flgt Variable Consideration
VariableConsideration
23000000
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Concentrations of Credit Risk, Customers and Suppliers</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents, trade accounts receivable, and marketable securities, which consist of debt securities and equity securities. As of December 31, 2023, substantially all of the Company’s cash and cash equivalents were deposited in accounts at financial institutions, and amounts may exceed federally insured limits. Management believes that the Company is not exposed to significant credit risk due to the financial strength of the depository institutions in which its cash and cash equivalents are held.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">In certain periods, a small number of customers has accounted for a significant portion of the Company’s revenue. For the laboratory services segment, aggregating customers under common control, </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">one</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> customer comprised of $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">35.7</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> or </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">12</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">%</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> of total revenue in the years ended December 31, 2023, and a different customer comprised of $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">115.6</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> or </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">19</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% and $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">260.2</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> or </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">26</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of total revenue in the year ended December 31, 2022 and 2021, respectively. </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">One</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> customer comprised </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">13</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">%</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> of total accounts receivable, net, as of December 31, 2023, and a different </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">customer comprised </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">17</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of total accounts receivable, net, as of December 31, 2022. For the therapeutic development segment, the Company doesn't have customers or revenue as it does not have any commercialized or approved product candidates.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company’s</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> therapeutic development business relies on ANP Technologies, Inc. for certain laboratory services, equipment, tools, and drug intermediates in connection with research and development efforts. The Company also relies on a limited number of suppliers for certain laboratory substances used in the chemical reactions incorporated into its processes, referred to as reagents, as well as for the sequencers and various other equipment and materials it uses in its laboratory operations. In particular, the Company relies on a sole supplier for the next generation sequencers and associated reagents it uses to perform its genetic tests and as the sole provider of maintenance and repair services for these sequencers. The Company’s laboratory operations would be interrupted if it encountered delays or difficulties securing these reagents, sequencers, other equipment or materials or maintenance and repair services, which could occur for a variety of reasons, including if the Company needs a replacement or temporary substitute for any of its limited or sole suppliers and is not able to locate and make arrangements with an acceptable replacement or temporary substitute. The Company's development efforts could also be delayed or interrupted if is unable to procure items needed for its therapeutic development activities. The Company believes there are currently only a few other manufacturers that are capable of supplying and servicing some of the equipment and other materials necessary for its laboratory operations, including collection kits, sequencers and various associated reagents.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2023 flgt Number Of Customer Types
NumberOfCustomerTypes
3
CY2022 flgt Tax Effects Related To Unrealized Holding Loss On Available For Sale Debt Securities
TaxEffectsRelatedToUnrealizedHoldingLossOnAvailableForSaleDebtSecurities
7200000
CY2021 flgt Tax Effects Related To Unrealized Holding Loss On Available For Sale Debt Securities
TaxEffectsRelatedToUnrealizedHoldingLossOnAvailableForSaleDebtSecurities
437000
CY2023Q4 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
0
CY2023 flgt Payable Balance Expected To Be Paid Off Date
PayableBalanceExpectedToBePaidOffDate
2023-08
CY2023 flgt Tax Effects Related To Unrealized Holding Loss On Available For Sale Debt Securities
TaxEffectsRelatedToUnrealizedHoldingLossOnAvailableForSaleDebtSecurities
0
CY2023 flgt Variable Consideration
VariableConsideration
23000000
CY2023 flgt Cumulative Catch Up Adjustment
CumulativeCatchUpAdjustment
23000000
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2200000
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
14400000
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
26400000
CY2023 us-gaap Revenue Practical Expedient Remaining Performance Obligation
RevenuePracticalExpedientRemainingPerformanceObligation
true
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
38291000
CY2023Q4 flgt Cash Equivalents
CashEquivalents
38291000
CY2023Q4 flgt Available For Sale Securities Debt Equity Securities And Trading Securities Amortized Cost Basis
AvailableForSaleSecuritiesDebtEquitySecuritiesAndTradingSecuritiesAmortizedCostBasis
789726000
CY2023Q4 flgt Available For Sale Securities Debt Equity Securities And Trading Securities Unrealized Gain Before Tax
AvailableForSaleSecuritiesDebtEquitySecuritiesAndTradingSecuritiesUnrealizedGainBeforeTax
1909000
CY2023Q4 flgt Available For Sale Securities Debt Equity Securities And Trading Securities Unrealized Loss Before Tax
AvailableForSaleSecuritiesDebtEquitySecuritiesAndTradingSecuritiesUnrealizedLossBeforeTax
5945000
CY2023Q4 flgt Available For Sale Securities Debt Equity Securities And Trading Securities
AvailableForSaleSecuritiesDebtEquitySecuritiesAndTradingSecurities
785690000
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
32444000
CY2022Q4 flgt Cash Equivalents
CashEquivalents
32444000
CY2022Q4 flgt Available For Sale Securities Debt Equity Securities And Trading Securities Amortized Cost Basis
AvailableForSaleSecuritiesDebtEquitySecuritiesAndTradingSecuritiesAmortizedCostBasis
829515000
CY2022Q4 flgt Available For Sale Securities Debt Equity Securities And Trading Securities Unrealized Gain Before Tax
AvailableForSaleSecuritiesDebtEquitySecuritiesAndTradingSecuritiesUnrealizedGainBeforeTax
2000
CY2022Q4 flgt Available For Sale Securities Debt Equity Securities And Trading Securities Unrealized Loss Before Tax
AvailableForSaleSecuritiesDebtEquitySecuritiesAndTradingSecuritiesUnrealizedLossBeforeTax
28755000
CY2022Q4 flgt Available For Sale Securities Debt Equity Securities And Trading Securities
AvailableForSaleSecuritiesDebtEquitySecuritiesAndTradingSecurities
800762000
CY2023 flgt Available For Sale Debt Securities And Equity Trading Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesAndEquityTradingSecuritiesGrossUnrealizedLoss
5900000
CY2022 flgt Available For Sale Debt Securities And Equity Trading Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesAndEquityTradingSecuritiesGrossUnrealizedLoss
28800000
CY2023Q4 flgt Fair Value Assets Transfers Between Levels Amount
FairValueAssetsTransfersBetweenLevelsAmount
0
CY2022Q4 flgt Fair Value Assets Transfers Between Levels Amount
FairValueAssetsTransfersBetweenLevelsAmount
0
CY2021Q4 flgt Fair Value Assets Transfers Between Levels Amount
FairValueAssetsTransfersBetweenLevelsAmount
0
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
135097000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
124634000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
51633000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
43281000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
83464000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
81353000
CY2023 us-gaap Depreciation
Depreciation
17500000
CY2022 us-gaap Depreciation
Depreciation
25500000
CY2021 us-gaap Depreciation
Depreciation
9300000
CY2023Q4 us-gaap Prepaid Taxes
PrepaidTaxes
12675000
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
15434000
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
7744000
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
6814000
CY2023Q4 flgt Reagents And Supplies Current
ReagentsAndSuppliesCurrent
5827000
CY2022Q4 flgt Reagents And Supplies Current
ReagentsAndSuppliesCurrent
4280000
CY2023Q4 flgt Marketable Securities Interest Receivable Current
MarketableSecuritiesInterestReceivableCurrent
4994000
CY2022Q4 flgt Marketable Securities Interest Receivable Current
MarketableSecuritiesInterestReceivableCurrent
2525000
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
1319000
CY2022Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
19836000
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
32559000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
48889000
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
19100000
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
7026000
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1276000
CY2023Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
6255000
CY2022Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
5558000
CY2023Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
5741000
CY2022Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
6667000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4215000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2134000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3957000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6132000
CY2023Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
3543000
CY2022Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
3214000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
30737000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
24981000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
7147000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8795000
CY2023Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
4973000
CY2022Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
6068000
CY2023Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
2964000
CY2022Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
3372000
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
15084000
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
18235000
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
289213000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
618968000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
992584000
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
-195529000
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
178527000
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
675953000
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
26143000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32662000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11004000
CY2023Q4 us-gaap Assets
Assets
1235328000
CY2022Q4 us-gaap Assets
Assets
1386053000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
289213000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
618968000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
992584000
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1368000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1138000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
83464000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
81353000
CY2023Q4 us-gaap Purchase Obligation
PurchaseObligation
51900000
CY2023Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Next Rolling Twelve Months
RecordedUnconditionalPurchaseObligationDueInNextRollingTwelveMonths
29700000
CY2023Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Rolling Year Five
RecordedUnconditionalPurchaseObligationDueInRollingYearFive
22200000
CY2023Q4 flgt Estimated And Recorded Liability
EstimatedAndRecordedLiability
6900000
CY2023 flgt Operating Leases Term Of Expiration
OperatingLeasesTermOfExpiration
2033-04
CY2023 flgt Finance Leases Term Of Expiration
FinanceLeasesTermOfExpiration
2026-12
CY2023Q4 flgt Number Of Laboratories Certified Under Clinical Laboratory Improvement
NumberOfLaboratoriesCertifiedUnderClinicalLaboratoryImprovement
2
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10838000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
14784000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3957000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6132000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
7147000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8795000
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1316000
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2784000
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
544000
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
943000
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
760000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1818000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
470000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1782000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
366000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1693000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
550000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1550000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
12242000
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
6875000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
5429000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
1262000
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
758000
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
683000
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
7000
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
80000
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
95000
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1000
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1758000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1528000
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
296000
CY2023 us-gaap Lease Cost
LeaseCost
9471000
CY2022 us-gaap Lease Cost
LeaseCost
7735000
CY2021 us-gaap Lease Cost
LeaseCost
1566000
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y4M13D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0402
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y7M28D
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0374
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4309000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
532000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2358000
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
64000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2023Q4 us-gaap Finance Lease Liability
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