The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Fluidigm missed estimates on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP loss per share contracted.
Margins grew across the board.
Fluidigm tallied revenue of $12.8 million. The six analysts polled by S&P Capital IQ expected sales of $13.3 million on the same basis. GAAP reported sales were 21% 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 -$0.18. The five earnings estimates compiled by S&P Capital IQ anticipated -$0.22 per share. GAAP EPS were -$0.18 for Q3 versus -$0.22 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 72.5%, 370 basis points better than the prior-year quarter. Operating margin was -30.6%, 770 basis points better than the prior-year quarter. Net margin was -32.5%, 990 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $15.5 million. On the bottom line, the average EPS estimate is -$0.15.
Next year's average estimate for revenue is $52.7 million. The average EPS estimate is -$0.89.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fluidigm is buy, with an average price target of $18.10.
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