Fulgent Genetics (FLGT) Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Fri, February 27, 2026 astatine 9:05 AM CST 35 min read

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Friday, Feb. 27, 2026 astatine 8:30 a.m. ET

• Chief Executive Officer — Ming Hsieh

• Chief Financial Officer — Paul Kim

• Chief Commercial Officer — Brandon Perthuis

Ming Hsieh, Chief Executive Officer; Paul Kim, Chief Financial Officer; and Brandon Perthuis, Chief Commercial Officer. The company's property merchandise discussing the fiscal results is disposable connected the Investor Relations conception of the company's website, ir.fulgentgenetics.com. A replay of this telephone volition beryllium disposable soon aft the telephone concludes connected the Investor Relations conception of the company's website. Management's prepared remarks and answers to your questions connected today's telephone volition incorporate forward-looking statements. These forward-looking statements correspond management's estimates based connected existent views, expectations, and assumptions, which whitethorn beryllium to beryllium incorrect.

As a result, matters discussed successful immoderate forward-looking statements are taxable to risks, uncertainties, and changes successful circumstances that whitethorn origin existent results to disagree from those described successful the forward-looking statements. The institution assumes nary work to update immoderate of the forward-looking statements it makes contiguous to bespeak existent results oregon changes successful expectations. Listeners should not trust connected immoderate forward-looking statements arsenic predictions of aboriginal events and should perceive to management's remarks contiguous with the knowing that existent events included successful the company's existent aboriginal results whitethorn beryllium materially antithetic than what is described successful oregon implied by these forward-looking statements.

Please reappraisal the much elaborate discussions related to these forward-looking statements, including the discussions of immoderate of the hazard factors that whitethorn origin results to disagree from those described successful the forward-looking statements contained successful the company's filings with the Securities and Exchange Commission, including the antecedently filed 10-Ks for the twelvemonth ended 12/31/2024, and subsequently filed reports, which are disposable connected the company's Investor Relations website. Management's prepared remarks, including discussions of profit, loss, margin, earnings, and net per share, incorporate fiscal measures not prepared successful accordance with accounting principles mostly accepted successful the United States, oregon GAAP.

Management has presented these non-GAAP fiscal measures due to the fact that it believes they whitethorn beryllium utile to investors for assorted reasons, but these measures should not beryllium viewed arsenic a substitute for oregon superior to the company's fiscal results prepared successful accordance with GAAP. Please spot the company's property merchandise discussing its fiscal results for the 4th fourth 2025 for much information, including the statement of however the institution calculates non-GAAP income and loss, non-GAAP net and nonaccomplishment per share, non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating nett and nonaccomplishment and margin, and adjusted EBITDA, and a reconciliation of these fiscal measures to income and loss, net and nonaccomplishment per share, and operating margins, the astir straight comparable GAAP fiscal measures.