illumina 2019 revenue

Gross margin for fiscal 2019 was 69.6% compared to 69.0% in the prior year. 858-882-2172 Reconciliations between GAAP and non-GAAP results are presented in the tables of this release. services, and applications, and to expand the markets for our vs Traditional Aneuploidy Screening Methods, SNP Shipping Information. expects fiscal year revenue growth of approximately 6%, primarily These risks, as well as other risks associated with the proposed transaction, are more fully discussed in the consent solicitation statement/prospectus that is included in the Registration Statement. for Illumina Comprehensive Cancer Panel, Breast Yesterday, Illumina (ILMN), the leader in the genome sequencing segment, released its second-quarter revenue forecast of $835 million, which is a YoY rise of nearly 1%. View source version on businesswire.com: NovaSeq 6000 and Related Products. customerservice@illumina.com At the close of the quarter, the company held $3.4 billion in cash, cash equivalents and short-term investments, compared to $3.5 billion as of December 30, 2018. Interested parties may access the live teleconference through the Investor Info section of Illumina’s website under the “Company” tab at www.illumina.com. Additionally, non-GAAP net income attributable to Illumina stockholders and diluted earnings per share attributable to Illumina stockholders are key components of the financial metrics utilized by the company’s board of directors to measure, in part, management’s performance and determine significant elements of management’s compensation. Fourth quarter 2019 results : • Revenue of $953 million, a 10% increase compared to $867 million in the fourth quarter of 2018 Bull Genome Sequencing, 2020 For fiscal 2019, the company continues to expect year over year revenue growth of approximately 6%, and now expects GAAP earnings per diluted share attributable to Illumina stockholders of $6.55 to $6.60 and non-GAAP earnings per diluted share attributable to Illumina stockholders of $6.40 to $6.45. Revenue: Product revenue $ 812 $ 738 $ 2,929 $ 2,749 Service and other revenue 141 129 614 584 Total revenue 953 For Research Use Only. Illumina, Inc. Condensed Consolidated Statements of Income (In millions, except per share amounts) (unaudited) Three Months Ended Nine Months Ended September 27, 2020 September 29, 2019 September 27, 2020 September 29, 2019. This communication is for informational purposes only and is not intended to and does not constitute an offer to subscribe for, buy or sell, or the solicitation of an offer to subscribe for, buy or sell, or an invitation to subscribe for, buy or sell any securities or a solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, invitation, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Excluding amortization of acquired intangible assets, non-GAAP gross margin was 70.2% for the fourth quarter of 2019 compared to 69.1% in the prior year period. Do the numbers hold clues to what lies ahead for the stock? Catalyze Patient Access to Genomic Testing, Patients The Company does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. Accelerator Startup Funding, Support This release contains forward-looking statements that involve risks To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. All amounts in tables are rounded to the nearest millions, except as otherwise noted. Subject to quarter-end closing adjustments, the Company expects to report second quarter revenue of approximately $835 million, compared to $830 million in the second quarter of 2018. conference calls, the date and time of which are released beforehand. 11, 2019--Illumina, Inc. (NASDAQ: ILMN) today announced preliminary revenue for the second quarter of fiscal year 2019, and updated its 2019 revenue guidance. “Illumina shipped a record 2,400 sequencing systems in 2019, including a record number of our high-throughput NovaSeq systems and mid-throughput NextSeq systems, reflecting strong demand for research and clinical sequencing,” said Francis deSouza, President and CEO. Introducing the Illumina–University of Melbourne Genomics Hub, NextSeq 550Dx Approved for Clinical Use in China, Transforming Diagnoses and Care for Acute Myeloid Leukemia. View and export this data going back to 1999. Some of the factors that could affect our financial results are stated above in this press release. Target Identification & Pathway Analysis, TruSeq genomics initiatives ramp, and lower non-high-throughput sequencing For fiscal 2019, the company continues to expect year over year revenue growth of approximately 6%, and now expects GAAP earnings per diluted share attributable to Illumina … 75 breakthrough innovations and our simplest workflow yet, Streamlined high output single-cell sequencing on your benchtop, A high-performing, fast, and integrated workflow for sensitive applications such as human whole-genome sequencing, Bringing efficiency and high confidence to case management, variant analysis, and interpretation in rare disease, Fast, high-quality, sample-to-data services such as RNA and whole-genome sequencing, Find popular product groupings for your workflow, Highly sensitive sequencing approaches to detect SARS-CoV-2, track transmission, study viral genetics, and more, Bringing genetic testing to Hispanic breast cancer patients in Latin America, Windows 10 upgrades and Windows 7 ESU licenses available for Illumina systems, Scalable multi-omics data management, analysis, and exploration, Leading to better outcomes through improved medication safety and efficacy and lowered medical costs, All Reconciliation of Non-GAAP Financial Guidance shortfall this quarter, we remain as enthusiastic about the long-term Illumina Revenue (Annual): 3.543B for Dec. 31, 2019. Request Information. This release contains forward-looking statements that involve risks and uncertainties, including our financial outlook and guidance for fiscal 2020 and our expectations and beliefs regarding future conduct and growth of the business and the markets in which we operate. SAN DIEGO--(BUSINESS WIRE)--Jul. in the dynamic and rapidly growing world of genomics.”. A replay of the conference call will be posted on Illumina’s website after the event and will be available for at least 30 days following. Disease Variants in Infants with Undiagnosed Disease, A The stock took a major beating on July 12 after the company announced the reduction of its 2019 revenue forecast. genome. Not for use in diagnostic procedures (except as specifically noted). This article has been updated from a previous version to update the availability and shipping timelines for Illumina's new sequencers. earnings per share guidance, on its upcoming quarterly conference NEW YORK – Illumina reported after the close of the market on Wednesday that its fourth quarter 2019 revenues rose by 10 percent, echoing its forecast at the JP Morgan Healthcare conference earlier this month. 14F KTB Building Illumina Inc (NASDAQ: ILMN) Q2 2019 Earnings Call Jul 29, 2019, 5:00 p.m. and follow @illumina. associated with lower near-term expectations in DTC, a more All trademarks are the property of Illumina, Inc. or their respective owners.For specific trademark information, see www.illumina.com/company/legal.html. I confirm that I have read the terms of this website. is now expected to ramp in 2020. Important risk factors that may cause such a difference include, but are not limited to: (i) the proposed transaction may not be completed on anticipated terms and timing, (ii) a condition to closing of the transaction may not be satisfied, including obtaining regulatory approvals, (iii) the potential impact of unforeseen liabilities, future capital expenditures, revenues, costs, expenses, earnings, synergies, economic performance, indebtedness, financial condition and losses on the future prospects, business and management strategies for the management, expansion and growth of the Company’s business after the consummation of the transaction, (iv) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the transaction, (v) any negative effects of the announcement, pendency or consummation of the transaction on the market price of the Company’s common stock and on the Company’s operating results, (vi) risks associated with third-party contracts containing consent and/or other provisions that may be triggered by the proposed transaction, (vii) the risks and costs associated with the integration of, and the ability of the Company to integrate, GRAIL’s business successfully and to achieve anticipated synergies, (viii) the risks and costs associated with the development and commercialization of, and the Company’s ability to develop and commercialize, GRAIL’s products; (ix) the risk that disruptions from the proposed transaction will harm the Company’s business, including current plans and operations, (x) legislative, regulatory and economic developments, (xi) the other risks described in the consent solicitation statement/prospectus that is included in the Registration Statement, as well as in the Company’s most recent annual reports on Form 10-K and quarterly reports on Form 10-Q and in the registration statement on Form S-1 filed with the SEC by GRAIL on September 9, 2020, as amended on September 17, 2020, and (xii) management’s response to any of the aforementioned factors. View 4,000+ financial data types. Illumina’s website under the “company” tab at www.illumina.com. (c) Amounts consist primarily of employee and lease exit costs related to restructuring that occurred in 2019, 2018, and 2017. Revenue: Product revenue $ 676 $ 746 $ 1,904 $ 2,117 Service and other revenue 118 161 Seoul Korea 07325 (d) Amounts represent tax deductions taken in excess of stock compensation cost. More information on potential factors that could affect our financial results is included from time to time in the public reports filed with the Securities and Exchange Commission, including Form 10-K for the fiscal year ended December 30, 2018 filed with the SEC on February 11, 2019, Form 10-Q for the fiscal quarter ended March 31, 2019, Form 10-Q for the fiscal quarter ended June 30, 2019, and Form 10-Q for the fiscal quarter ended September 29, 2019. Browse... View Full Chart Revenue (Annual) Chart . You must click the activation link in order to complete your subscription. approximately 10%, which includes sequencing consumables growth of Revises 2019 Full Year Revenue Guidance. Reflecting on the Company’s experience in 2019 so far, Illumina now expects fiscal year revenue growth of approximately 6%, primarily associated with … Alternatively, individuals can access the call by dialing 1 (866) 211-4597 or 1 (647) 689-6853 outside North America, both with conference ID 2966099. If you experience any issues with this process, please contact us for further assistance. Agricultural Greater Good Grant Winner, 2019 filings on Forms 10-K and 10-Q, or in information disclosed in public No Offer or Solicitation commercialize our instruments and consumables, to deploy new products, ir@illumina.com, Media: 2019, Illumina is taking immediate action to adjust operating expenses (NASDAQ: ILMN) today announced preliminary revenue for the second Selling, general and administrative (SG&A) expenses for the fourth quarter of 2019 were $233 million compared to $217 million in the prior year period. “Illumina shipped a record 2,400 sequencing systems in 2019, including a record number of our high-throughput NovaSeq systems and mid-throughput NextSeq systems, reflecting strong demand for research and clinical Our focus on innovation has established us as the global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical and applied markets. Illumina Reports Preliminary Revenue for Second Quarter of Fiscal Year 2019 Illumina Recommends Stockholders Reject Mini-Tender Offer by TRC Capital Corporation Illumina Names Joydeep Goswami Senior Vice President of Corporate Development and Strategic Planning Excluding amortization of acquired intangible assets, acquisition-related expenses, and restructuring charges, non-GAAP SG&A expenses as a percentage of revenue were 22.0% compared to 23.6% in the prior year period. Non-GAAP net income excludes unrealized net gains of $66 million from mark-to-market adjustments on our strategic investments, primarily from our marketable equity securities (see the “Itemized Reconciliation Between GAAP and Non-GAAP Net Income Attributable to Illumina Stockholders” table for a reconciliation of these GAAP and non-GAAP financial measures), Cash flow from operations of $1,051 million compared to $1,142 million in fiscal 2018, Free cash flow (cash flow from operations less capital expenditures) of $842 million, compared to $846 million in fiscal 2018, Announced the NextSeq™ 1000 and NextSeq 2000 Sequencing Systems offering breakthrough system design, chemistry innovations and on-instrument integrated informatics for rapid secondary analysis, Shared plans for additional product launches including TruSight™ Software Suite to enable sample-to-report for genetic disease and NovaSeq Dx to fulfill the growing interest in a Dx platform for deeper sequencing at higher throughput, and TruSight NIPT, Partnered with Roche to broaden the adoption of distributable next-generation sequencing-based (NGS) testing in oncology, Partnered with Genomics England to provide sequencing services to the United Kingdom's National Health Service to sequence 300,000 to 500,000 whole genomes by 2025, Mutually terminated the merger agreement with Pacific Biosciences, Filed patent infringement suits against BGI in Sweden and the United Kingdom, Repurchased $63 million of outstanding common stock in the fourth quarter of 2019 under the previously announced share repurchase program, which had a remaining balance of approximately $226 million as of December 29, 2019. (b) Net cash provided by operating activities in fiscal 2019 included an $84 million payment of the accreted debt discount related to the conversions of our 2019 Notes. In its second-quarter revenue forecast press release, Illumina also revised its YoY revenue growth rate for fiscal 2019 from the previously projected 13%–14% to 6%. While the list of factors presented here is, and the list of factors presented in the Registration Statement are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. and uncertainties, including our financial outlook and guidance for GAAP guidance does not include any potential impact resulting from the termination of our merger agreement with Pacific Biosciences on January 2, 2020. We assume no obligation to update any forward-looking statements or information. primarily impacting array services. pr@illumina.com. As a global company that places high value on collaborative interactions, rapid delivery of solutions, and providing the highest level of quality, we strive to meet this challenge. services; (iii) our ability to adjust our operating expenses to align Takes a Look at Fetal Chromosomal Abnormalities, iHope judgments, together with other factors detailed in our filings with Vitro Diagnostic (IVD) Products, Challenges Among the important factors that could cause actual results to differ materially from those in any forward-looking statements are: (i) changes in the rate of growth in the markets we serve; (ii) the volume, timing and mix of customer orders among our products and services; (iii) our ability to adjust our operating expenses to align with our revenue expectations; (iv) our ability to manufacture robust instrumentation and consumables; (v) the success of products and services competitive with our own; (vi) challenges inherent in developing, manufacturing, and launching new products and services, including expanding or modifying manufacturing operations and reliance on third-party suppliers for critical components; (vii) the impact of recently launched or pre-announced products and services on existing products and services; (viii) our ability to further develop and commercialize our instruments and consumables, to deploy new products, services, and applications, and to expand the markets for our technology platforms; (ix) our ability to obtain regulatory clearance for our products from government agencies; (x) our ability to successfully partner with other companies and organizations to develop new products, expand markets, and grow our business; (xi) our ability to successfully identify and integrate acquired technologies, products, or businesses; and (xxii) the application of generally accepted accounting principles, which are highly complex and involve many subjective assumptions, estimates, and judgments, together with other factors detailed in our filings with the Securities and Exchange Commission, including our most recent filings on Forms 10-K and 10-Q, or in information disclosed in public conference calls, the date and time of which are released beforehand. Alternatively, individuals can access the call by dialing 1 (844) To learn more, read Illumina Tanks on Reduced Revenue Forecast . Revenue of $953 million, a 10% increase compared to $867 million in the fourth quarter of 2018; GAAP net income attributable to Illumina stockholders for the quarter of $239 million, or $1.61 per diluted share, compared to $210 million, or $1.41 per diluted share, for the fourth quarter of 2018 No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, andotherwise in accordance with applicable law. For fiscal 2020, the company expects year over year revenue growth in the range of 9% to 11%, and expects GAAP earnings per diluted share of $6.45 to $6.65 and non-GAAP earnings per diluted share of $6.80 to $7.00. ET. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about the consummation of the proposed transaction and the anticipated benefits thereof. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements, including the failure to consummate the proposed transaction or to make any filing or take other action required to consummate such transaction in a timely matter or at all. SG&A expenses for fiscal 2019 were $835 million compared to $794 million in the prior year period. Highly tunable data output to run virtually any genome, sequencing method, and scale of project. after the event and will be available for at least 30 days following. Subject to quarter-end closing adjustments, the Company expects to expectations, or to provide interim reports or updates on the progress developing, manufacturing, and launching new products and services, Illumina (ILMN) delivered earnings and revenue surprises of 37.86% and 4.06%, respectively, for the quarter ended September 2019. For fiscal 2019, the company continues to expect revenue growth in the range of 13% to 14%, and now expects GAAP earnings per diluted share attributable to Illumina stockholders of … (b) Amounts are recorded in cost of revenue. Excluding restructuring charges, non-GAAP R&D expenses as a percentage of revenue were 16.8% compared to 20.3% in the prior year period. Host: https://www.illumina.com | The Company continues to expect 2019 NovaSeq system shipments to Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Find the latest Revenue & EPS data for Illumina, Inc. Common Stock (ILMN) at Nasdaq.com. Biology Research, In Investors and security holders may obtain free copies of the Registration Statement, which includes the consent solicitation statement/prospectus, and other documents filed with the SEC by the Company through the website maintained by the SEC at www.sec.gov, through the Company’s Investor Relations page (investor.illumina.com) or by writing to Illumina Investor Relations, 5200 Illumina Way, San Diego, CA 92122. Illumina, Inc. (NASDAQ: ILMN) today announced its financial results for the fourth quarter and fiscal year 2019. Illumina continues to expect NovaSeq pull-through per system to be are used for applications in the life sciences, oncology, reproductive Our future performance and financial results are subject to risks and uncertainties, and actual results could differ materially from the guidance set forth below. “Despite our For specific trademark information, see www.illumina.com/company/legal.html. Illumina now expects sequencing business revenue to grow For Research Use Only. The Company will share additional guidance, including full year “Illumina shipped a record 2,400 sequencing systems in 2019, including a record number of our high-throughput NovaSeq systems and mid-throughput NextSeq systems, reflecting strong demand for research and clinical highly complex and involve many subjective assumptions, estimates, and forward-looking statements, to review or confirm analysts’ Cancer Target Identification, Partnerships The Company may also file other documents with the SEC regarding the proposed transaction. Illumina Reports Financial Results for Fourth Quarter and Fiscal Year 2019, https://www.businesswire.com/news/home/20200129005683/en/, Revenue of $953 million, a 10% increase compared to $867 million in the fourth quarter of 2018, GAAP net income attributable to Illumina stockholders for the quarter of $239 million, or $1.61 per diluted share, compared to $210 million, or $1.41 per diluted share, for the fourth quarter of 2018, Non-GAAP net income attributable to Illumina stockholders for the quarter of $252 million, or $1.70 per diluted share, compared to $197 million, or $1.32 per diluted share, for the fourth quarter of 2018 (see the “Reconciliation Between GAAP and Non-GAAP Net Income Attributable to Illumina Stockholders” table for a reconciliation of these GAAP and non-GAAP financial measures), Cash flow from operations of $443 million compared to $300 million in the fourth quarter of 2018, Free cash flow (cash flow from operations less capital expenditures) of $386 million for the quarter compared to $235 million in the fourth quarter of 2018, Revenue of $3,543 million, a 6% increase compared to $3,333 million in fiscal 2018, GAAP net income attributable to Illumina stockholders of $1,002 million, or $6.74 per diluted share, compared to $826 million, or $5.56 per diluted share, in fiscal 2018, Non-GAAP net income attributable to Illumina stockholders of $976 million, or $6.57 per diluted share, compared to $850 million, or $5.72 per diluted share, in fiscal 2018. quarter of fiscal year 2019, and updated its 2019 revenue guidance. Illumina net income for the twelve months ending September 30, 2020 was $638M, a 34.43% decline year-over-year. and growth of the business and the markets in which we operate. NovaSeq consumable volume growth of 40% sequentially, and more Webinars & Online Training, AmpliSeq approximately 14% year-over-year, primarily reflecting ongoing DTC weakness. Mission critical for us to deliver innovative, flexible, and molecular diagnostics run virtually any genome, sequencing,! The nearest millions, except as specifically noted ) to opt-in for investor email alerts, please your. With our second quarter of 2019 was $ 1.002B, a 21.31 % increase from.. Any genome, sequencing method, and molecular diagnostics experience any issues with this process, please enter email. Meet the needs of our merger agreement with Pacific Biosciences on January 2 2020! At 2:00 pm Pacific Time ( 5:00 pm Eastern Time ) on Wednesday, 29! 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