SAN DIEGO--(BUSINESS WIRE)--Illumina, Inc. (NASDAQ:ILMN) today announced its financial results for the third quarter of 2007. For the third quarter of 2007, Illumina reported revenue of $97.5 million, an 82% increase over the $53.5 million reported in the third quarter of 2006 and a 15% increase over revenue of $84.5 million in the second quarter of 2007. This represents the Company’s 25th consecutive quarter of revenue growth. The Company reported third quarter net income of $14.5 million, or $0.24 per diluted share, compared to net income of $16.2 million, or $0.32 per diluted share in the comparable period of 2006. Net income for the third quarter includes non-cash charges of $0.7 million associated with the January 26, 2007 acquisition of Solexa, and $8.7 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 $19.9 million, or $0.34 per diluted share, for the third quarter of 2007, compared to $19.9 million, or $0.39 per diluted share for the third quarter of 2006.
