Fulgent Genetics Inc (FLGT)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 104,456 | 92,214 | 98,465 | 143,169 | 366,901 | 543,451 | 681,758 | 734,240 | 777,051 | 830,720 | 721,773 | 613,563 | 331,905 | 93,452 | 24,459 | 19,715 | 18,421 | 16,572 | 13,123 | 11,175 |
| Revenue (ttm) | US$ in thousands | 289,213 | 286,412 | 307,380 | 364,868 | 618,968 | 802,935 | 925,148 | 953,423 | 992,584 | 1,035,891 | 909,739 | 773,388 | 421,712 | 135,121 | 43,752 | 34,911 | 32,528 | 29,814 | 25,092 | 22,068 |
| Gross profit margin | 36.12% | 32.20% | 32.03% | 39.24% | 59.28% | 67.68% | 73.69% | 77.01% | 78.29% | 80.19% | 79.34% | 79.33% | 78.70% | 69.16% | 55.90% | 56.47% | 56.63% | 55.58% | 52.30% | 50.64% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $104,456K ÷ $289,213K
= 36.12%
The gross profit margin of Fulgent Genetics Inc has displayed significant fluctuations over the past eight quarters. In Q4 2023, the gross profit margin stood at 36.12%, representing a slight increase from the previous quarter. However, this figure is notably lower compared to the levels observed in Q4 2022, where the gross profit margin was substantially higher at 59.28%.
The trend in the gross profit margin indicates a decreasing pattern over the analyzed period, suggesting potential challenges in managing production costs or pricing strategies. It is important for investors and stakeholders to closely monitor future financial reports to assess the company's ability to improve its gross profit margin and sustain profitability.
Peer comparison
Dec 31, 2023