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Illumina | 10-Q: Q3 2024 Earnings Report

Illumina | 10-Q: Q3 2024 Earnings Report

Illumina | 10-Q:2024财年三季报
美股SEC公告 ·  2024/11/07 02:29

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Illumina reported Q3 2024 revenue of $1.08 billion, down 3% year-over-year, while posting net income of $705 million compared to a $754 million loss last year. The profit was largely driven by a $489 million gain from the European Commission withdrawing its previously imposed fine. Core sequencing consumables revenue increased by $46 million, though instrument sales declined 41% to $107 million.Gross margin improved to 68.9% from 61.1% in Q3 2023, benefiting from operational excellence initiatives, favorable product mix, and lower warranty costs. The company completed the spin-off of GRAIL in June 2024, retaining a 14.5% stake. Operating expenses decreased significantly to $4 million from $1.44 billion last year, primarily due to the absence of prior year's goodwill impairment charges.The company ended the quarter with $869 million in cash and issued $500 million in new term notes due 2026. The Board authorized a new $1.5 billion share repurchase program, with $1.4 billion remaining available. For the full year, management continues to focus on cost reduction initiatives while maintaining investment in high-growth areas despite ongoing macroeconomic uncertainties.
Illumina reported Q3 2024 revenue of $1.08 billion, down 3% year-over-year, while posting net income of $705 million compared to a $754 million loss last year. The profit was largely driven by a $489 million gain from the European Commission withdrawing its previously imposed fine. Core sequencing consumables revenue increased by $46 million, though instrument sales declined 41% to $107 million.Gross margin improved to 68.9% from 61.1% in Q3 2023, benefiting from operational excellence initiatives, favorable product mix, and lower warranty costs. The company completed the spin-off of GRAIL in June 2024, retaining a 14.5% stake. Operating expenses decreased significantly to $4 million from $1.44 billion last year, primarily due to the absence of prior year's goodwill impairment charges.The company ended the quarter with $869 million in cash and issued $500 million in new term notes due 2026. The Board authorized a new $1.5 billion share repurchase program, with $1.4 billion remaining available. For the full year, management continues to focus on cost reduction initiatives while maintaining investment in high-growth areas despite ongoing macroeconomic uncertainties.
Illumina报告2024年第三季度营业收入为10.8亿元,同比下降3%,同时净利润为70500万元,而去年则为75400万元的亏损。利润主要受益于欧洲委员会撤回之前实施的罚款,获得48900万元的收益。核心测序耗材营业收入增加了4600万元,尽管仪器销售下降了41%,至10700万元。毛利率从2023年第三季度的61.1%提高至68.9%,受益于运营卓越的举措、良好的产品组合和较低的保修成本。该公司于2024年6月完成了GRAIL的剥离,保留了14.5%的股份。营业费用大幅下降至400万元,去年为14.4亿元,主要是由于去年没有了商誉减值费用。公司在季度末手头现金为86900万元,并发行了50000万元的新定期票据,到期于2026年。董事会批准了一项新的15亿元股票回购计划,仍有14亿元可用。为整年,管理层继续专注于成本降低举措,同时在高增长领域保持投资,尽管面临持续的宏观经济不确定性。
Illumina报告2024年第三季度营业收入为10.8亿元,同比下降3%,同时净利润为70500万元,而去年则为75400万元的亏损。利润主要受益于欧洲委员会撤回之前实施的罚款,获得48900万元的收益。核心测序耗材营业收入增加了4600万元,尽管仪器销售下降了41%,至10700万元。毛利率从2023年第三季度的61.1%提高至68.9%,受益于运营卓越的举措、良好的产品组合和较低的保修成本。该公司于2024年6月完成了GRAIL的剥离,保留了14.5%的股份。营业费用大幅下降至400万元,去年为14.4亿元,主要是由于去年没有了商誉减值费用。公司在季度末手头现金为86900万元,并发行了50000万元的新定期票据,到期于2026年。董事会批准了一项新的15亿元股票回购计划,仍有14亿元可用。为整年,管理层继续专注于成本降低举措,同时在高增长领域保持投资,尽管面临持续的宏观经济不确定性。
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