Illumina Reports Financial Results for Second Quarter 2010

Second quarter 2010 results are as follows:

• Revenue of $212.0 million, a 31% increase over the $161.6 million reported in the second quarter of 2009.
• GAAP net income for the quarter of $29.8 million, or $0.21 per diluted share, compared to net income of $24.7 million, or $0.18 per diluted share, for the second quarter of 2009. Net income for the second quarter of 2010 included $5.2 million in non-cash interest expense and other items listed in the table entitled “An Itemized Reconciliation Between GAAP and Non-GAAP Net Income.”
• Non-GAAP net income for the quarter of $34.0 million, or $0.26 per diluted share, compared to $29.2 million, or $0.22 per diluted share, for the second quarter of 2009.

Source: Illumina