Repligen Q1 2020 Earnings Report
Key Takeaways
Repligen Corporation reported a 25% year-over-year increase in revenue, reaching $76.1 million in Q1 2020. The company's GAAP earnings per share increased to $0.18, and adjusted EPS grew to $0.32. The company is maintaining its full year revenue guidance.
Revenue increased by 25% year-over-year to $76.1 million, with 16% organic growth.
GAAP gross margin increased to 58.0%, a year-over-year increase of 220 bps.
Adjusted gross margin increased to 58.5%, a year-over-year increase of 250 bps.
GAAP fully diluted EPS increased to $0.18 compared to $0.17 for the first quarter of 2019.
Repligen
Repligen
Repligen Revenue by Segment
Forward Guidance
Repligen is maintaining its previous guidance for revenue in the range of $309-$319 million, reflecting overall revenue growth of 14%-18% and organic growth of 10%-14%.
Positive Outlook
- Revenue in the range of $309-$319 million, reflecting overall revenue growth of 14%-18% and organic growth of 10%-14%.
- Gross margin is expected to be 56%-57% on both a GAAP and non-GAAP basis, an increase from our previous guidance of 55%-56%.
- Income from operations is expected to be in the range of $52-$56 million on a GAAP basis, an increase from our previous guidance of $50-$54 million.
- Adjusted (non-GAAP) income from operations is expected to be in the range of $72-$76 million, an increase from our previous guidance of $70-$74 million.
- Net income is expected to be in the range of $34.5-$37.5 million on a GAAP basis, an increase from our previous guidance of $33.5-$36.5 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income