Fulgent Genetics Inc (FLGT)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -167,825 | -63,508 | -48,682 | -25,916 | 143,403 | 271,574 | 392,377 | 460,652 | 507,364 | 569,332 | 493,448 | 416,957 | 214,310 | 47,707 | 2,531 | -459 | -411 | -2,168 | -4,225 | -5,605 |
| 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 |
| Net profit margin | -58.03% | -22.17% | -15.84% | -7.10% | 23.17% | 33.82% | 42.41% | 48.32% | 51.12% | 54.96% | 54.24% | 53.91% | 50.82% | 35.31% | 5.78% | -1.31% | -1.26% | -7.27% | -16.84% | -25.40% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-167,825K ÷ $289,213K
= -58.03%
Fulgent Genetics Inc's net profit margin has shown a significant decline in recent quarters. The company experienced a notable decrease in net profit margin from the positive range in previous periods to negative figures in the most recent quarters. This trend indicates challenges in generating profits relative to its revenue, with Q4 2023 displaying the most severe decline at -58.03%. Overall, the declining trend in net profit margin raises concerns about the company's profitability and operational efficiency in recent periods. Further analysis of the company's cost structure and revenue generation strategies may be necessary to address these issues and improve profitability going forward.
Peer comparison
Dec 31, 2023