The company said its revenue for Q4 2023 was $1.12 billion, up 4% from a year earlier, and full-year revenue was $4.50 billion, down 2% from the prior year. Full-year revenue was not changed on a constant currency basis, which was flat.

1. 01

   The company said its revenue for Q4 2023 was $1.12 billion, up 4% from a year earlier, and full-year revenue was $4.50 billion, down 2% from the prior year. Full-year revenue was not changed on a constant currency basis, which was flat.

2. 02

   The company said its GAAP diluted loss per share for 2023 was $(7.34), including goodwill and intangible impairment charges of $821 million related to the GRAIL segment. 2022 included a goodwill impairment charge of $3.91 billion related to GRAIL.

3. 03

   The company said net cash provided by operating activities for 2023 was $478 million, compared with $392 million a year earlier. Free cash flow was $283 million, versus $106 million in the prior year. Capital expenditures were $195 million.

4. 04

   Illumina said it plans to divest GRAIL through a third-party sale or a capital markets transaction, with the goal of finalizing the divestiture terms by the end of Q2 2024. For 2024, it expects Core Illumina revenue to be approximately flat compared with 2023, and a Core Illumina non-GAAP operating margin of approximately 20%.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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