SAN DIEGO--(BUSINESS WIRE)--Illumina, Inc. (NASDAQ:ILMN) today announced its financial results for the second quarter of 2007. For the second quarter of 2007, Illumina reported revenue of $84.5 million, a 103% increase over the $41.6 million reported in the second quarter of 2006. This represents the Company’s 24th consecutive quarter of revenue growth. The Company reported second quarter net income of $9.3 million, or $0.16 per diluted share, compared to net income of $6.8 million, or $0.14 per diluted share in the comparable period of 2006. Net income for the second quarter includes non-cash charges of $0.8 million associated with the January 26, 2007 acquisition of Solexa, and $7.8 million in non-cash stock compensation expense associated with SFAS No. 123R. Excluding the impact of these items and net of pro forma tax expense, Illumina’s net income on a non-GAAP basis was $16.8 million, or $0.29 per diluted share, for the second quarter of 2007, compared to $10.1 million, or $0.21 per diluted share for the second quarter of 2006.
