Brief Overview on Company’s Performance: Fluidigm Corporation (NASDAQ: FLDM)

On 12 Dec 2019, Fluidigm Corporation (NASDAQ: FLDM) stock observed trading -79.60% off 52-week high price. On the other end, the stock has been noted 43.40% away from low price over the last 52-weeks. The stock disclosed a move of -14.57% away from 50 day moving average and -65.65% away from 200 day moving average. Moving closer, we can see that shares have been trading 20.11% off 20-day moving average.

Fluidigm Corporation (FLDM) recently reported financial results for the third quarter ended September 30, 2019.

Financial Highlights

Third quarter revenue reduced 8.5 percent to $26.5M from $29.0M, with consumables revenue growth of 11 percent, contrast to the third quarter of 2018.

Year-to-date total revenue increased 5 percent to $84.8M, and mass cytometry revenue increased 28 percent to $51.8M, contrast to the same period in 2018.

GAAP net loss for the quarter was $12.9M, contrast with a GAAP net loss of $14.8M for the third quarter of 2018.

Non-GAAP net loss was $6.2M for the quarter, contrast with a $5.2M non-GAAP net loss for the third quarter of 2018.

“Total revenue in the third quarter declined primarily Because of mass cytometry instrument sales in the Americas, partially offset by growth in mass cytometry and microfluidics consumables. Double-digit recurring revenue growth from consumables and service, as well as disciplined financial management, were highlights for the quarter,” stated Chris Linthwaite, President and CEO.

Revenue by market:

Mass cytometry revenue reduced 13 percent to $15.6M from $17.9M in the previous year period. Mass cytometry product revenue reduced 23 percent to $11.8M from $15.2M in the previous year primarily Because of lower sales of instruments partially offset by higher sales of consumables.

Microfluidics revenue reduced 2 percent to $10.9M from $11.1M in the previous year period. Microfluidics product revenue reduced 1 percent to $8.9M from $9.0M in the previous year period primarily Because of lower sales of instruments partially offset by higher sales of consumables.

The USA based company Fluidigm Corporation moved with change of 3.75% to $3.04 with the total traded volume of 952620 shares in recent session versus to an average volume of 900.74K. FLDM’s shares are at -43.49% for the quarter and driving a -60.26% return over the course of the past year and is now at -64.73% since this point in 2018.  Right now, the stock beta is 2.1. The average volatility for the week and month was at 8.34% and 7.42% respectively. There are 69.47M shares outstanding and 68.77M shares are floated in market.

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