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Illumina, Inc.



Illumina Reports Financial Results for First Quarter 2008



May 10th, 2008

Illumina, Inc. (NASDAQ:ILMN) announced its financial results for the first quarter of 2008.

For the first quarter of 2008, Illumina reported revenue of $121.9 million, a 69% increase over the $72.2 million reported in the first quarter of 2007 and an 8% increase over revenue of $112.6 million in the fourth quarter of 2007. This represents the Company's 27th consecutive quarter of revenue growth. The Company reported GAAP net income for the first quarter of $13.4 million, or $0.21 per diluted share, compared to a net loss of $298.1 million, or $5.58 per basic and diluted share in the comparable period of 2007. The GAAP net loss in the prior year quarter was primarily...


Source: Law & Health Weekly (2008-05-10)

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