Fluidigm (Nasdaq: FLDM) reported earnings on May 10. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Fluidigm beat expectations on revenue and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded significantly and GAAP loss per share dropped.

Gross margin improved, operating margin dropped, and net margin grew.

Revenue details
Fluidigm booked revenue of $10.9 million. The one analyst polled by S&P Capital IQ expected to see a top line of $10.5 million on the same basis. GAAP-reported sales were 26% higher than the prior-year quarter's $8.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.33. The two earnings estimates compiled by S&P Capital IQ anticipated -$0.24 per share. GAAP EPS were -$0.33 for Q1, versus -$1.60 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 67.6%, 110 basis points better than the prior-year quarter. Operating margin was -57.4%, 130 basis points worse than the prior-year quarter. Net margin was -61.1%, 2,330 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $12.6 million. On the bottom line, the average EPS estimate is -$0.24.

Next year's average estimate for revenue is $52.6 million. The average EPS estimate is -$0.93.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fluidigm is buy, with an average price target of $18.83.

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