SAN DIEGO--(BUSINESS WIRE)--Illumina, Inc. (NASDAQ:ILMN) today announced its financial results for the first quarter of 2009. For the first quarter of 2009, Illumina reported revenue of $165.8 million, a 36% increase over the $121.9 million reported in the first quarter of 2008. The Company reported net income for the quarter of $18.8 million, or $0.14 per diluted share, compared to $10.7 million, or $0.08 per diluted share in the comparable period of 2008. Net income for the first quarter of 2009 included non-cash charges of $14.9 million in stock compensation expense associated with SFAS No. 123R, $4.7 million in non-cash interest expense associated with the adoption of FSP APB 14-1 and other items listed in the table entitled “Itemized Reconciliation Between GAAP and Non-GAAP Net Income Per Share.” Excluding the impact of these items, and net of pro forma tax expense, Illumina’s net income on a non-GAAP basis for the first quarter of 2009 was $35.4 million, or $0.28 per diluted share, compared to $22.5 million, or $0.19 per diluted share, for the first quarter of 2008.
