earnings
confidence high
sentiment neutral
materiality 0.75
Repligen Q1 revenue $206.4M (+45% YoY); lowers FY2022 revenue guidance on COVID decline
REPLIGEN CORP
2022-Q1 EPS reported
$0.81
revenue$206,400,000
- Record Q1 revenue of $206.4M (+45% YoY); GAAP EPS $0.81, adjusted EPS $0.92.
- Base business grew 37% YoY; gene therapy revenue up >100%.
- FY2022 revenue guidance lowered to $770-800M (from $800-830M) due to lower COVID demand.
- Base business revenue growth guidance raised to 24%-31% (from 20%-22%).
- Cash $584.6M at quarter end; gross margin improved 190 bps to 60.1%.