The company said Core Illumina revenue for Q1 2024 was $1.06 billion, down 2% from Q1 2023, with GAAP operating margin of 11.0% and non-GAAP operating margin of 20.6%.

1. 01

   The company said Core Illumina revenue for Q1 2024 was $1.06 billion, down 2% from Q1 2023, with GAAP operating margin of 11.0% and non-GAAP operating margin of 20.6%.

2. 02

   The company said consolidated revenue for Q1 2024 was $1,076 million, GAAP diluted loss per share was ($0.79), and non-GAAP diluted earnings per share was $0.09. The consolidated GAAP net loss was $(126) million.

3. 03

   The company said it is on track to divest GRAIL through either a sale or a capital markets transaction, with the goal of finalizing the divestiture terms by the end of Q2 2024. In the case of a capital markets transaction, the divestment plan requires it to provide GRAIL with about $1 billion in funding.

4. 04

   The company said net cash provided by operating activities was $77 million and free cash flow was $41 million in Q1 2024. Cash, cash equivalents and short-term investments at the end of the quarter totaled $1,115 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. 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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