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Illumina | 10-Q: Q3 2024 Earnings Report

Illumina | 10-Q: Q3 2024 Earnings Report

Illumina | 10-Q:2024財年三季報
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報告2024年第三季度營業收入爲10.8億元,同比下降3%,同時凈利潤爲70500萬元,而去年則爲75400萬元的虧損。利潤主要受益於歐洲委員會撤回之前實施的罰款,獲得48900萬元的收益。核心測序耗材營業收入增加了4600萬元,儘管儀器銷售下降了41%,至10700萬元。毛利率從2023年第三季度的61.1%提高至68.9%,受益於運營卓越的舉措、良好的產品組合和較低的保修成本。該公司於2024年6月完成了GRAIL的剝離,保留了14.5%的股份。營業費用大幅下降至400萬元,去年爲14.4億元,主要是由於去年沒有了商譽減值費用。公司在季度末手頭現金爲86900萬元,併發行了50000萬元的新定期票據,到期於2026年。董事會批准了一項新的15億元股票回購計劃,仍有14億元可用。爲整年,管理層繼續專注於成本降低舉措,同時在高增長領域保持投資,儘管面臨持續的宏觀經濟不確定性。
Illumina報告2024年第三季度營業收入爲10.8億元,同比下降3%,同時凈利潤爲70500萬元,而去年則爲75400萬元的虧損。利潤主要受益於歐洲委員會撤回之前實施的罰款,獲得48900萬元的收益。核心測序耗材營業收入增加了4600萬元,儘管儀器銷售下降了41%,至10700萬元。毛利率從2023年第三季度的61.1%提高至68.9%,受益於運營卓越的舉措、良好的產品組合和較低的保修成本。該公司於2024年6月完成了GRAIL的剝離,保留了14.5%的股份。營業費用大幅下降至400萬元,去年爲14.4億元,主要是由於去年沒有了商譽減值費用。公司在季度末手頭現金爲86900萬元,併發行了50000萬元的新定期票據,到期於2026年。董事會批准了一項新的15億元股票回購計劃,仍有14億元可用。爲整年,管理層繼續專注於成本降低舉措,同時在高增長領域保持投資,儘管面臨持續的宏觀經濟不確定性。
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