other material
confidence high
sentiment negative
materiality 0.35
Illumina records $14M additional impairment on San Diego property in Q4 2024
ILLUMINA, INC.
- Total $32M impairment in Q1 2024 from exiting Foster City campus and another San Diego property.
- Additional $14M right-of-use asset impairment in Q4 2024 for the San Diego property; no remaining assets there.
- Company continues to evaluate options for remaining Foster City campus.
- All real estate exit charges will be excluded from non-GAAP financial metrics.