FLGT Earnings

FLGT reported its earnings on 2026-05-01, showcasing a revenue of 71.14M against an estimate of 68.40M, resulting in a 4% surprise. The EPS was -0.64, surpassing the expected -0.53 by -20.75%. The stock experienced a -6.98% price change on the earnings day and a 0% change over the next five days, reflecting market reactions to the results.

Following FLGT's earnings announcement on 2026-05-01, the stock price moved by -6.98% on the day of the release. Over the subsequent five days, it saw a 0% change. Historically, FLGT's stock price tends to shift by an average of 2.95% in the 10 days leading up to earnings and 3.8% in the 10 days following, providing insight into potential market.

For 2026/Q2, analysts estimate FLGT's annual revenue to reach 89.34M, while the EPS is projected at -0.08. These estimates reflect recent revisions, with revenue estimates unchanged by 0% and EPS estimates unchanged by 0% over the past three months, indicating analyst expectation in the company's performance.

The correlation between FLGT's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for FY2025 were unchanged by 0%, while EPS estimates moved unchanged by 0%. This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, FLGT's stock price typically moves by 2.95% in the 10 days before its earnings and 3.8% in the 10 days after. For the upcoming 2026/Q2 earnings, analysts expect an EPS of -0.08 and revenue of 89.34M.

The earnings call reveals several negative factors: a significant decline in revenue, reduced gross margins, increased losses, and a major customer's transition impacting sales. Despite management's confidence in margin recovery and ongoing product development, the financial performance remains weak. The Q&A section showed uncertainty regarding future growth and a lack of clarity on strategic impacts, such as the CMS CRUSH initiative. While share repurchases and cash reserves are positive, they don't offset the broader negative sentiment. Given these factors, a negative stock price movement is likely in the short term.