The 10-second takeaway
For the quarter ended June 30 (Q2), Fluidigm beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP loss per share dropped.
Gross margins shrank, operating margins improved, net margins expanded.
Fluidigm tallied revenue of $12.9 million. The five analysts polled by S&P Capital IQ hoped for sales of $12.5 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $10.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.22. The three earnings estimates compiled by S&P Capital IQ predicted -$0.25 per share. GAAP EPS were -$0.22 for Q2 compared to -$0.36 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 69.7%, 230 basis points worse than the prior-year quarter. Operating margin was -33.9%, 60 basis points better than the prior-year quarter. Net margin was -35.4%, 3,250 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $13.2 million. On the bottom line, the average EPS estimate is -$0.23.
Next year's average estimate for revenue is $52.6 million. The average EPS estimate is -$0.91.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with seven members out of 14 rating the stock outperform, and seven members rating it underperform. Among seven CAPS All-Star picks (recommendations by the highest-ranked CAPS members), one give Fluidigm a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fluidigm is buy, with an average price target of $18.38.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.