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Illumina, Inc. (ILMN) Reports Record Financial Results for Fourth Quarter and Fiscal Year 2012


1/29/2013 6:40:27 AM

Illumina, Inc. (NASDAQ:ILMN) today announced its financial results for the fourth quarter and fiscal year of 2012.

Fourth quarter 2012 results:

• Revenue of $309 million, a 24% increase compared to $250 million in the fourth quarter of 2011

• GAAP net income for the quarter of $72 million, or $0.53 per diluted share, compared to net income of $12 million, or $0.09 per diluted share, for the fourth quarter of 2011

• Non-GAAP net income for the quarter of $57 million, or $0.42 per diluted share, compared to $44 million, or $0.35 per diluted share, for the fourth quarter of 2011 (see the table entitled "Itemized Reconciliation Between GAAP and Non-GAAP Net Income" for a reconciliation of these GAAP and non-GAAP financial measures)

• Cash flow from operations of $79 million and free cash flow of $62 million for the quarter

Read at BioSpace.com

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