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Dec 31, 2019
Repligen Q4 2019 Earnings Report
Reported a revenue increase and EPS growth in Q4 2019.
Key Takeaways
Repligen Corporation reported a strong fourth quarter in 2019, with a 34% increase in revenue to $69.5 million and adjusted EPS increasing to $0.20. The company's organic revenue growth was 21% for the quarter. The company is optimistic about 2020.
Revenue increased by 34% year-over-year to $69.5 million.
Organic revenue growth was 21%.
GAAP fully diluted EPS was $0.07 compared to $0.12 for the fourth quarter of 2018.
Adjusted (non-GAAP) fully diluted EPS increased to $0.20 compared to $0.19 for the fourth quarter of 2018.
Revenue by Segment
Forward Guidance
Repligen provided financial guidance for the fiscal year 2020, projecting total revenue in the range of $309-$319 million and adjusted EPS in the range of $1.07-$1.12.
Positive Outlook
- Total revenue is projected to be in the range of $309-$319 million, reflecting overall revenue growth of 14%-18% as reported and at constant currency and organic growth of 10%-14%.
- Gross margin is expected to be 55%-56% on both a GAAP and non-GAAP basis.
- Income from operations is expected to be in the range of $50-$54 million on a GAAP basis.
- Adjusted (non-GAAP) income from operations is expected to be in the range of $70-$74 million.
- Fully diluted GAAP EPS is expected to be in the range of $0.63-$0.68.
Challenges Ahead
- $4.8 million estimated acquisition and integration expenses; $0.5 million in cost of product revenue, $0.5 million in R&D and $3.8 million in SG&A.
- $15.5 million estimated intangible amortization expense; $0.3 million in cost of product revenue and $15.1 million in G&A.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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