---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-018076"
form_type: "8-K"
ticker: "FLGT"
cik: "0001674930"
company_name: "Fulgent Genetics, Inc."
filed_at: "2023-05-05T23:59:59+00:00"
generated_at: "2026-06-15T16:57:56.568364+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Fulgent Q1 core revenue rises 150% to $62.7M; raises FY2023 core revenue guidance to $250M

## Summary
- Total revenue $66.2M; core revenue (ex-COVID) $62.7M, up 150% YoY, a record.
- GAAP net loss $15.3M ($0.52 loss per share); non-GAAP net loss $6.5M ($0.22 loss per share).
- Adjusted EBITDA loss of $7.2M for Q1 2023.
- Cash, cash equivalents, and marketable securities of $867.8M as of March 31, 2023.
- Raises full-year 2023 core revenue guidance to $250 million.

## SEC filing metadata
- accession: 0000950170-23-018076
- form_type: 8-K
- ticker: FLGT
- cik: 0001674930
- company_name: Fulgent Genetics, Inc.
- filed_at: 2023-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674930/000095017023018076/0000950170-23-018076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674930/000095017023018076/flgt-20230505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-018076
- JSON: https://secwatch.observer/filing/0000950170-23-018076.json
- Plain text: https://secwatch.observer/filing/0000950170-23-018076.txt

## Key facts
- Earnings Releases
  Fulgent Genetics, Inc. reported first quarter ended March 31, 2023 results: revenue $66.2 million, net income $15.3 million, EPS $0.52 per share. Guidance raised.
  - Period: first quarter ended March 31, 2023
  - Revenue: $66.2 million
  - Net income: $15.3 million
  - EPS: $0.52 per share
  - Guidance: raised
  - Result: reported results
  source text: Total Revenue of $66.2 million • Record Core Revenue of $62.7 million, growth of 150% year-over-year • Raises Full Year 2023 Core Revenue Guidance to $250 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674930/000095017023018076/0000950170-23-018076-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.