Strategic investment and partnership brings Spatials multiomics platform and seqFISH technology to Fulgents comprehensive suite of genomic testing solutions. Email Alerts Email Alerts. View contacts for Fulgent Therapeutics to access new leads and connect with decision-makers. This test has only been authorized by the FDA for detection of nucleic acid from SARS-CoV-2 (i.e., the COVID-19 virus), and not for any other virus or pathogen. He founded Fulgent Genetics in 2011 and the company launched publicly in 2013 with a focus on genetic testing for pediatric rare diseases. A positive test is a strong indication that the sample we received is from someone who is infected, but there is some possibility of a false negative result due to test performance or sample contamination issues. Fulgent stock got caught up in the market's sell-off last month, but it's still up big in recent years. Shares of diagnostic testing company Fulgent Genetics (FLGT 0.10%) were up 93% last year, according to S&P Global Market Intelligence. by the plan. The current $2.4 billion market capitalization is only 2.6 times management's estimated $930 million in 2021 revenue. The option to retest if indeterminate is available. Testing is limited to laboratories designated by Fulgent Genetics which are also certified under the Clinical Laboratory Invest better with The Motley Fool. Information contained on this website is general in nature and has been prepared without any consideration of The roller coaster has continued into 2022 with the stock down nearly 20% year to date already. Fulgent is committed to putting patients first by working side-by-side with our clients and their patients to provide access to quality genetic testing. In the most recent Q2-2022, the company tested its way to $125 million in revenue, down from $154 million in Q2-2021. Fulgent has an efficient technology and operating platform generating gross margins of about 80% and operating margins above 70%. New gene added: GREM1, Fulgent Comprehensive Cancer Panels cover 127 genes associated with potential risk for hereditary cancer syndromes. As a result, liquidity is a real bright spot for Fulgent. Fulgent is a recent entrant into the genetic testing marketplace. Our main lab is located in Southern California, with additional labs and offices across the United States. . Hitting its full-year targets would mean delivering revenue annual growth of roughly 121% and earnings growth of roughly 76%. Please check network settings and try again. Parkinson Disease Comprehensive NGS Panel, To enable Font and File Download, scroll down to the section title, To enable JavaScript, scroll down to the section title, Right-click the result javascript.enabled and select. Shares ofFulgent Genetics (FLGT 0.10%) sank 36.5% amid turbulent trading for the broader market in January, according to data from S&P Global Market Intelligence. This is a complete solution for managing drive-through testing sites, including the patient visiting the Fulgent-Miami-Dade website to choose a location, make an appointment, and complete a questionnaire. cardiomyopathies/arrhythmias, microarray analysis, and hereditary cancer susceptibility. A cornerstone of the Companys business is its ability to provide expansive options and flexibility for all clients unique testing needs through a comprehensive technology offering including cloud computing, pipeline services, record management, web portal services, clinical workflow, sequencing as a service and automated lab services. Testing will not be released until a reasonable path has been determined for reimbursement. With the business getting such a massive boost from COVID-19 testing, investors have been trying to figure out how to value the company going forward, and it looks like the stock could be poised for more volatile swings in the near term. Fulgent will leverage its NGS platform and provide sequencing data to the CDC as part of their initiative to conduct a large-scale genomic survey of the virus using random samples from . (ie: genetic counselor, genetic nurse, clinical geneticist). Relevant SEC Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. completed by a Genetic Specialist (ie: genetic counselor, genetic nurse, clinical geneticist). Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Fulgent Genetics, Inc. (FLGT) using our online tools. TEMPLE CITY, Calif., Sept. 09, 2020 (GLOBE NEWSWIRE) -- Fulgent Genetics, Inc. (NASDAQ: FLGT . Molecular testing is capable of detecting active COVID-19 infections in the human body. Cost basis and return based on previous market day close. All specimens are processed at our US laboratory. Gao's prior experience includes service as Laboratory Director of both the DNA Sequencing Core Laboratory and Clinical Molecular Diagnostics . Fulgent Therapeutics was issued its CLIA license (CLIA 05D2043189/CLF 00342581). Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The moomoo app is an online trading platform offered by Moomoo Technologies Inc. Securities, brokerage products ), you should take precautionary measures regardless of the result of this test. TEMPLE CITY, Calif., Sept. 09, 2020 (GLOBE NEWSWIRE) -- Fulgent Genetics, Inc. (NASDAQ: FLGT) ("Fulgent Genetics" or the "company"), a technology company providing comprehensive testing. Fulgent Genetics is a technology-based genetic testing company focused on transforming patient care in oncology, infectious and rare diseases, and reproductive health. And shares are dirt cheap. Those holding shares had a wild ride in 2021 if they hung on. The services and products are not available to all customers or in all However, investors will have to keep the somewhat uncertain outlook in mind and weigh it against their personal risk tolerance. the market value of securities in customers' accounts. Instructions for Submitting Swab and Saliva Samples FOR SINGLE ORDERS This new solution allows Miami-Dade to set the number of testing lanes, number of available time slots and manage the collection process. Cigna has expanded the scope of requirements to most genetic testing including whole exome sequencing, hereditary We understand the complexity of hereditary cancer diagnostics and the uniqueness of each patient. Printer-friendly Printer-friendly. Fulgent is a certified and accredited clinical diagnostic lab, working with physicians from more than 700 institutions including Johns Hopkins, Kaiser Permanente, and Cedars-Sinai. The SARS-CoV-2 primer and probe sets are designed to detect RNA from 2019-nCoV in specimens from patients who meet CDC 2019-nCoV clinical criteria. Founded in 2011, Fulgent has evolved into a premier, full-service genomic testing company built around a foundational technology platform. TEMPLE CITY, Calif. -- (BUSINESS WIRE)--May 6, 2021-- Fulgent Genetics, Inc. (NASDAQ: FLGT) ("Fulgent Genetics" or the "Company"), a technology company providing comprehensive testing solutions through its scalable technology platform, today announced the appointment of Lawrence Weiss, M.D. Jason Hawthorne owns Fulgent Genetics. Edit Lists Featuring This Company Section, FLGT Investors Have Opportunity to Lead Fulgent Genetics, Inc. Securities Fraud Lawsuit, SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Fulgent Genetics, Inc. of Class Action Lawsuit and Upcoming Deadline - FLGT, California Public Companies With More Than 10 Employees, United States Public Companies With More Than 50 Employees, Biotechnology Public Companies With Less Than $500M in Revenue. News & Events. Authority (FINRA)s BrokerCheck. Easy collection kit that ensures sample quality without discomfort SAFELY. Get real-time quotes and financial analysis, Get current, latest, and breaking news 24/7, Find earnings, economics, and IPO calendars, Explore trending topics in investing and business, Discuss hot topics with like-minded traders, Everything you need to learn about investing, See our powerful trading features in action, Investing products, features and pricing are provided by Moomoo Financial Inc. Operations too frequent. Leveraging those relationships could accelerate the pace of growth for Fulgent's core genetic testing business. Those are almost staggeringly low multiples for a company that has continued to grow revenue and profit at such an incredible clip recently, but the market doesn't think that the company will be able to keep it up. Please notify me if patient out of pocket exceeds $500 ). 415-217-4964. melanie@blueshirtgroup.com. All information and data on the website are for reference only A negative test does not completely rule out an infection. Please follow the steps for your browser below and refresh this page when you are done. and no historical data shall be considered as the basis for predicting future trends. Review of Fulgent Genetics Products. New genes added: CTNNA1, GREM1, NTHL1, SLC45A2. brokerage accounts of U.S. residents that trade U.S. listed securities via mobile devices or Web. Parkinson-Alzheimer-Dementia NGS Panel. Stock ticker symbol (e.g. Picture Genetics is powered by Fulgent Genetics, a certified and accredited clinical diagnostic lab. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. These reports contain more information about the Company, its business and the risks affecting its business. The firm boasts of over 800+ tests and 18000+ genes. The forward-looking statements made in this press release speak only as of the date of this press release, and the company assumes no obligation to update publicly any such forward-looking statements to reflect actual results or to changes in expectations, except as otherwise required by law. According to company guidance, the result will be year-over-year revenue and earnings-per-share growth of 121% and 64%, respectively, for 2021. As a result of these risks and uncertainties, forward-looking statements should not be relied on or viewed as predictions of future events. TEMPLE CITY, Calif., November 07, 2022 -- ( BUSINESS WIRE )--Fulgent Genetics, Inc. (NASDAQ: FLGT), a technology-based genetic testing company focused on transforming patient care in. customers investment objectives, financial situations or needs. 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