Strong Revenue Growth
Core revenue reached $81.7 million, representing a 16% year-over-year increase and an 11% sequential increase. Precision Diagnostics was up 7%, Biopharma Services surged by 54%, and Anatomic Pathology increased by 11%.
Product and Market Expansion
Launched a new whole genome sequencing service with enhanced features. Received CE Mark for Fulgent exome and Fulgent Pipeline Manager, expanding availability in Europe. Executed over 20 new managed care agreements, adding 35 million new covered lives.
Improved Financial Outlook
Increased annual revenue guidance for 2025 from $310 million to $320 million, representing a 14% year-over-year growth.
Therapeutic Development Progress
FID-007 progressing through Phase II clinical trial with 32 patients enrolled. FID-022 Phase I trial underway, with promising potential for treating various cancers.