$FLGT
Fulgent Genetics, Inc.

2019 Q1 Form 10-Q Financial Statement

#000156459019018477 Filed on May 10, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $5.370M $4.653M
YoY Change 15.41% -12.31%
Cost Of Revenue $2.968M $2.772M
YoY Change 7.07% 49.11%
Gross Profit $2.402M $1.881M
YoY Change 27.7% -45.43%
Gross Profit Margin 44.73% 40.43%
Selling, General & Admin $2.801M $2.617M
YoY Change 7.03% 10.1%
% of Gross Profit 116.61% 139.13%
Research & Development $1.424M $1.458M
YoY Change -2.33% 71.33%
% of Gross Profit 59.28% 77.51%
Depreciation & Amortization $535.0K $516.0K
YoY Change 3.68% 29.0%
% of Gross Profit 22.27% 27.43%
Operating Expenses $4.225M $4.075M
YoY Change 3.68% 26.24%
Operating Profit -$1.823M -$2.194M
YoY Change -16.91% -1101.83%
Interest Expense $200.0K $100.0K
YoY Change 100.0% 0.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.616M -$2.099M
YoY Change -23.01% -721.01%
Income Tax $13.00K -$434.0K
% Of Pretax Income
Net Earnings -$1.908M -$1.910M
YoY Change -0.1% -923.28%
Net Earnings / Revenue -35.53% -41.05%
Basic Earnings Per Share -$0.11
Diluted Earnings Per Share -$104.4K -$0.11
COMMON SHARES
Basic Shares Outstanding 17.86M
Diluted Shares Outstanding 17.86M

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $29.40M $28.50M
YoY Change 3.16% 4.01%
Cash & Equivalents $5.288M $5.300M
Short-Term Investments $24.10M $23.20M
Other Short-Term Assets $1.400M $1.000M
YoY Change 40.0% -16.81%
Inventory
Prepaid Expenses $987.0K $635.0K
Receivables $4.600M $5.000M
Other Receivables $17.00K $36.00K
Total Short-Term Assets $36.30M $36.10M
YoY Change 0.55% 8.83%
LONG-TERM ASSETS
Property, Plant & Equipment $8.900M $6.900M
YoY Change 28.99% 17.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.20M $12.00M
YoY Change -15.0% -38.78%
Other Assets $231.0K $500.0K
YoY Change -53.8% 624.64%
Total Long-Term Assets $19.35M $19.30M
YoY Change 0.27% -24.76%
TOTAL ASSETS
Total Short-Term Assets $36.30M $36.10M
Total Long-Term Assets $19.35M $19.30M
Total Assets $55.65M $55.40M
YoY Change 0.45% -5.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.456M $1.300M
YoY Change 12.0% -43.63%
Accrued Expenses $1.354M $1.100M
YoY Change 23.09% 47.65%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.200M $2.400M
YoY Change 33.33% -26.85%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.500M $0.00
YoY Change
Total Long-Term Liabilities $2.500M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.200M $2.400M
Total Long-Term Liabilities $2.500M $0.00
Total Liabilities $5.700M $2.415M
YoY Change 136.02% -31.47%
SHAREHOLDERS EQUITY
Retained Earnings -$59.32M
YoY Change 8.01%
Common Stock $112.4M
YoY Change 5621550.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $49.96M $53.03M
YoY Change
Total Liabilities & Shareholders Equity $55.70M $55.44M
YoY Change 0.47% -5.75%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$1.908M -$1.910M
YoY Change -0.1% -923.28%
Depreciation, Depletion And Amortization $535.0K $516.0K
YoY Change 3.68% 29.0%
Cash From Operating Activities $1.055M -$1.291M
YoY Change -181.72% -185.61%
INVESTING ACTIVITIES
Capital Expenditures $134.0K $1.116M
YoY Change -87.99% 1140.0%
Acquisitions
YoY Change
Other Investing Activities -$2.400M $1.200M
YoY Change -300.0% -166.67%
Cash From Investing Activities -$2.500M $51.00K
YoY Change -5001.96% -102.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.000K 2.000K
YoY Change 100.0% -100.25%
NET CHANGE
Cash From Operating Activities 1.055M -1.291M
Cash From Investing Activities -2.500M 51.00K
Cash From Financing Activities 4.000K 2.000K
Net Change In Cash -1.448M -1.238M
YoY Change 16.96% 6.45%
FREE CASH FLOW
Cash From Operating Activities $1.055M -$1.291M
Capital Expenditures $134.0K $1.116M
Free Cash Flow $921.0K -$2.407M
YoY Change -138.26% -269.75%

Facts In Submission

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CY2019Q1 us-gaap Use Of Estimates
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<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of condensed 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 and disclosure of contingent 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 condensed consolidated financial statements, as well as various other factors management believes to be reasonable under the circumstances. Actual results could differ from these estimates.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On an on-going basis, management evaluates its estimates, primarily those related to: (i) revenue recognition criteria, (ii) accounts receivable and allowances for doubtful accounts, (iii) the useful lives of fixed assets, (iv) estimates of tax liabilities and (v) equity method investments.</p>
CY2019Q1 us-gaap Concentration Risk Credit Risk
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Files In Submission

Name View Source Status
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