Misschien wel iets waar ik mij toch wat vragen bij stel (kwestie van elkaar te blijven challengen over de investment case).
Illumina (toch het "gidsbedrijf" voor PACB) had in 2005 en 2006 op een lagere (2005) en gelijkaardige (2006) revenue base reeds gross margins van 65-70% en waren ook winstgevend on a GAAP basis. Dit terwijl ze evenveel (2005) en veel sneller (2006) groeiden dan PACB in 2023.
Vermoedelijk was de macro beter en de market dynamics misschien anders, maar wat denk jij hiervan?
@cege
llumina Reports Financial Results for Fourth Quarter and Fiscal Year 2005; Revenue Growth of 56% Over Prior Year Yields Profitable Fourth Quarter
February 01, 2006
SAN DIEGO, Feb 01, 2006 (BUSINESS WIRE) -- Illumina, Inc. (NASDAQ:ILMN) announced today itsfinancial results for the fourth quarter and fiscal year ended January1, 2006.
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or the fourth quarter of 2005, Illumina reported revenue of $23.0million, a 56% increase over the $14.8 million reported in the fourthquarter of 2004. This represents the Company's 18th consecutivequarter of revenue growth. For the fiscal year, total revenue was$73.5 million, a 45% increase over the $50.6 million reported for theprior fiscal year.
The Company reported net income of $0.3 million, or $0.01 perbasic and diluted share for the fourth quarter of 2005, compared tonet income of $3.2 million, or $0.08 per diluted share, in the prioryear. 2004 fourth quarter results included a one-time gain of $3.3million, or $0.08 per diluted share, related to reduction of damagespreviously awarded in a wrongful termination lawsuit. For the year,the Company reported a net loss of $20.9 million, or $0.52 per share,compared to a net loss of $6.2 million, or $0.17 per share, for theprior year. The Company's net loss for the 2005 fiscal year included aone-time charge of $0.39 per basic and diluted share related to thewrite-off of $15.8 million of acquired in-process research anddevelopment in connection with the Company's acquisition of CyVeraCorporation in April. Excluding this one-time charge, the net loss forthe fiscal year was $5.1 million, or $0.13 per basic and dilutedshare.
Cash and investments totaled $50.8 million at year end, anincrease of approximately $0.7 million over the third quarter of 2005.
Gross margins for products and services in the fourth quarter of2005 were 67.6% compared to 73.2% in the comparable period of 2004.For the fiscal year ended January 1, 2006, gross margins were 67.7%,compared to 72.7% for the comparable period in 2004. Research anddevelopment expenses were $7.5 million compared to $5.3 million in thefourth quarter of 2004. Selling, general and administrative expensesfor the quarter were $8.2 million, compared to $5.8 million for theprior year. For the year, research and development expenses were $27.7million compared to $21.1 million in 2004. Selling, general andadministrative expenses were $28.0 million compared to $25.1 millionin 2004.
llumina Reports Financial Results for Fourth Quarter 2006
February 01, 2007
Revenue Increase of 163% Drives Record Profitability Forbes Ranks Illumina as the Fastest Growing U.S. Technology Company
SAN DIEGO, Feb 01, 2007 (BUSINESS WIRE) -- Illumina, Inc. (NASDAQ:ILMN) announced today its financial resultsfor the fourth quarter and fiscal year ended December 31, 2006.
For the fourth quarter of 2006, Illumina reported revenue of $60.4million, a 163% increase over the $23.0 million reported in the fourthquarter of 2005. This represents the Company's 22nd consecutivequarter of revenue growth. On a GAAP basis, the Company reported netincome of $17.1 million, or $0.34 per diluted share, for the fourthquarter of 2006, compared to net income of $0.3 million, or $0.01 perdiluted share, in the comparable period of 2005. Net income for thefourth quarter of 2006 includes total non-cash stock compensationexpense of $4.1 million associated with the Company's adoption of SFASNo. 123R. Excluding the impact of non-cash stock compensation expense,Illumina's net income on a non-GAAP basis would have been $21.2million, or $0.42 per diluted share, for the fourth quarter of 2006.
The Company generated $8.4 million in cash from operations duringthe fourth quarter of 2006, compared to $2.1 million in the comparablequarter of 2005. The Company ended the year with $130.8 million incash and short-term investments.
Combined gross margin for products and services in the fourthquarter of 2006 was 66.6%, compared to 67.6% in the comparable periodof 2005. For the fourth quarter of 2006, excluding the effect ofnon-cash stock compensation expense, the combined gross margin ofproduct and services would have been 67.4%.
Research and development (R&D) expenses for the fourth quarter of2006 were $8.8 million, compared to $7.5 million in the fourth quarterof 2005. R&D expense for the fourth quarter of 2006 includesapproximately $1.1 million of non-cash stock compensation expense.Selling, general and administrative (SG&A) expenses for the quarterwere $14.9 million, compared to $8.2 million for the fourth quarter of2005. SG&A expense for the fourth quarter of 2006 includesapproximately $2.5 million of non-cash stock compensation expense.
For the fiscal year 2006, total revenue was $184.6 million, a 151%increase over the $73.5 million reported for the prior fiscal year. Ona GAAP basis, the Company reported net income of $40.0 million, or$0.82 per diluted share, compared to a net loss of $20.9 million, or$0.52 per diluted share, for the prior year. Net income for the fiscalyear 2006 includes total non-cash stock compensation expense of $14.3million associated with the Company's adoption of SFAS No. 123R.Excluding the impact of non-cash stock compensation expense,Illumina's net income on a non-GAAP basis would have been $54.3million, or $1.11 per diluted share, for 2006.
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