Regina Groves
On January 3, 2023, the Board of Directors (the “Board”) of the Fulgent Genetics, Inc. (the “Company”) appointed Ms. Regina (“Reggie”) Groves to serve as a member of the Board.
Highest-materiality recent filing
Revenue of $85.4M, up 20.1% sequentially; GAAP gross margin 30.1%.
Fulgent Genetics reports encouraging Phase 2 data for FID-007 in HNSCC at ASCO 2026
FID-007 + cetuximab showed 61.9% objective response rate in PD-1 resistant R/M HNSCC.
Fulgent reports FID-007 + cetuximab Phase 2 HNSCC data: 60% ORR, 7.2 mo mPFS
Interim Phase 2 data: ORR 60% (58% Arm A, 61% Arm B); mPFS 7.2 months across 42 evaluable patients.
Fulgent Genetics shareholders approve 2026 equity plan authorizing 2M new shares
2026 Equity Incentive Plan replaces prior 2016 plan; authorizes 2,000,000 new shares plus up to 1,500,000 from forfeited awards.
Fulgent Q1 2026: GAAP EPS -$0.80, revenue $71.1M, reiterates FY2026 guidance
GAAP net loss of $24.8M ($0.80/share); non-GAAP loss of $11.0M ($0.36/share).
Fulgent Genetics completes acquisitions of Bako Diagnostics and StrataDx for ~$56.9M cash
Total combined purchase price approximately $56.9 million in cash, subject to post-closing adjustments.
Q4 2025 revenue of $83.3M, up 9% year-over-year; full-year revenue $322.7M, up 14%.
Fulgent Genetics to acquire Bako Diagnostics and StrataDx for $55.5M total
Acquires equity of StrataDx for $12.5M cash; asset purchase from Bako entities for $43.0M cash.
Fulgent Genetics Q3 revenue $84.1M (+17% YoY), raises FY guidance, non-GAAP EPS $0.14
Revenue $84.1M, up 17% YoY; raised full-year 2025 revenue guidance to $325.0M.
Fulgent reports Phase 2 FID-007 combo data: 51% ORR, PFS 7.8 months in R/M HNSCC
Preliminary Phase 2 data for FID-007 + cetuximab in 1L-2L R/M HNSCC; 39 patients randomized.
Fulgent Q2 core revenue $81.7M (+16% YoY); raises FY2025 guidance to $320M
Core revenue $81.7M, up 16% YoY; total revenue $81.8M.
Fulgent Genetics elects directors, ratifies auditor, approves say-on-pay at 2025 meeting
All four director nominees elected: Ming Hsieh (19.3M for), Michael Nohaile (16.0M for), Regina Groves (14.3M for), Linda Marsh (13.8M for).
Fulgent Q1 core revenue $73.5M (+16% YoY); GAAP loss $0.37/share; reiterates FY25 guidance
Core revenue of $73.5M, up 16% YoY; GAAP net loss of $11.5M ($0.37 loss per share).
Full year total revenue $283.5M; core revenue (ex-COVID) grew 7% to $281.2M.
Fulgent Q3 core rev $71.7M (+9% YoY), GAAP loss $0.48, non-GAAP EPS $0.31; guides FY core rev $280M
Total revenue $71.7M, core revenue (ex-COVID) $71.7M, up 9% YoY.
Fulgent Q2 core revenue $70.2M (+5% YoY); GAAP loss $0.29/share improves EPS guidance
Total revenue $71.0M; core revenue $70.2M (+5% YoY).
Fulgent Genetics announces 2024 annual meeting voting results
All four director nominees elected: Ming Hsieh, Michael Nohaile, Regina Groves, Linda Marsh (votes for ranged ~15.8M to 20.0M).
Fulgent Q1 2024 core revenue $63.2M (+1% YoY), GAAP loss $0.45/share, reiterates FY guidance
Total revenue $64.5M; core revenue $63.2M (+1% YoY); FY2024 core revenue guidance reiterated at $280M.
Fulgent Genetics reports Q4 GAAP loss $128.1M; core revenue grows 21% YoY
Full year total revenue $289.2M; core revenue (ex-COVID) grew 44% to $262.1M.
Fulgent reports Q3 total revenue $85M, core revenue up 17% to $66M, GAAP loss $0.44/share
Core revenue (ex-COVID) grew 17% YoY to $66M; total revenue $85M including $19M from COVID reimbursements.
Fulgent Genetics Q2 core revenue rises 48% to $67M; raises FY2023 guidance to $260M
Total revenue $68M; core revenue $67M, up 48% YoY.
Fulgent Genetics stockholders approve 3M share increase to 2016 Incentive Plan
Stockholders elected all four director nominees: Ming Hsieh, Michael Nohaile, Regina Groves, Linda Marsh.
Fulgent Q1 core revenue rises 150% to $62.7M; raises FY2023 core revenue guidance to $250M
Total revenue $66.2M; core revenue (ex-COVID) $62.7M, up 150% YoY, a record.
Fulgent Genetics Q4 2022 GAAP loss $0.80/share; core revenue up 97% YoY to $55M
Q4 total revenue $67.7M; core revenue (ex-COVID) $55.0M, up 97% YoY.
Fulgent Genetics extends HQ lease by one year at $24,885/month
Lease amendment extends headquarters lease from Jan 31, 2023 to Jan 31, 2024.
Fulgent Genetics appoints Reggie Groves to board, cures Nasdaq audit committee deficiency
Reggie Groves appointed to Fulgent Board effective Jan 3, 2023; serves on Audit, Compensation, and Nominating/Governance committees.
Received Nasdaq letter Nov 18, 2022: audit committee has 2 independent directors instead of required 3.
Fulgent Genetics Q3 core revenue up 110% to $56M; acquires Fulgent Pharma for ~$100M
Q3 revenue $105.7M (down 54% YoY due to COVID decline); GAAP EPS $0.06, non-GAAP EPS $0.32.
Director Leonard Post Resigns from Fulgent Genetics Board
Leonard Post resigned as director and as Chair of the Nominating and Corporate Governance Committee on October 31, 2022.
Director John Bolger resigns from Fulgent Genetics board effective Sept 24, 2022
John Bolger resigned as director and Audit Committee Chair on Sept 24, 2022.
Fulgent Genetics Q2 revenue $125.3M; core revenue up 102% YoY, guidance raised
Total revenue $125.3M (Q2 2021: $153.6M); billable tests 1.3M (vs 1.6M).
Director Yun Yen resigns from Fulgent Genetics board and committees effective June 25, 2022
Dr. Yen resigned from the Board, Audit, Compensation, and Nominating & Corporate Governance Committees.
Fulgent Genetics holds 2022 annual meeting; all director nominees and proposals approved
All four director nominees elected: Hsieh 15.9M for, Bolger 10.6M (5.6M withheld), Yen 12.3M, Marsh 12.9M.
Fulgent Genetics Q1 revenue $320.3M, core revenue up 59%, raises FY outlook to $660M
Revenue $320.3M (down from $359.4M Q1 2021); GAAP net income $154M ($4.93/share).
Fulgent Genetics completes $170M acquisition of Symphony Buyer via merger
Total purchase price of approximately $170 million, subject to customary adjustments for closing cash, indebtedness, working capital, and expenses.
Fulgent Genetics to acquire Inform Diagnostics for $170M; prelim Q1 revenue ~$300M, above guidance
Acquisition of Inform Diagnostics for ~$170M cash; expected to close Q2 2022, funded from cash on hand.
Fulgent Genetics adopts executive clawback policy for incentive compensation misconduct
Policy applies to Section 16 officers; covers equity awards and cash incentives granted on/after March 28, 2022.
Fulgent Genetics Q4 revenue $251.7M, full year 2021 revenue $992.6M, core revenue up 236% YoY
Q4 revenue $251.7M; full year 2021 revenue $992.6M, up 135% year-over-year.
Fulgent Genetics Q3 revenue $227.9M (+124% YoY); raises FY revenue guidance to $930M
Revenue $227.9M (+124% YoY); core revenue $40.1M (+292% YoY).
Q2 revenue $153.6M (+790% YoY); ~1.6M billable tests (9x YoY); gross margin improved ~21pp YoY.
On January 3, 2023, the Board of Directors (the “Board”) of the Fulgent Genetics, Inc. (the “Company”) appointed Ms. Regina (“Reggie”) Groves to serve as a member of the Board.
On October 31, 2022, Leonard Post notified the Board of Directors (the “Board”) of Fulgent Genetics, Inc. (the “Company”) of his decision to resign from the Board and as the Chair of the Nominating and Corporate Governance Committee of the Board effective as of October 31, 2022.
On September 24, 2022, John Bolger notified the Board of Directors (the “Board”) of Fulgent Genetics, Inc. (the “Company”) of his decision to resign from the Board.
On June 25, 2022, Yun Yen, M.D., Ph.D., F.A.C.P., notified the Board of Directors (the “Board”) of Fulgent Genetics, Inc. (the “Company”) of his decision to resign from the Board, the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee of the Board, effective as of June 25, 2022.
Max materiality 0.90 · Median 0.65 · Most common event earnings