Repligen Reports Second Quarter 2019 Financial Results and Updates Full Year 2019 Financial Guidance
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Repligen (RGEN) Tops Q2 EPS by 6c, Revenues Beat; Raises FY19 EPS/Revenue Guidance
August 1, 2019 7:52 AM EDTRepligen (NASDAQ: RGEN) reported Q2 EPS of $0.31, $0.06 better than the analyst estimate of $0.25. Revenue for the quarter came in at $70.7 million versus the consensus estimate of $63.89 million.
Reports record quarterly revenue of $70.7 million, representing 48% year-over-year growth and 46% organic growthRaises revenue guidance to $264-$268 million for full year 2019, representing 29%-31% organic growthCompletes acquisition of process analytics innovator C TechnologiesCloses follow-on equity and convertible debt offerings for net proceeds of $599 millionSecond Quarter 2019 Highlights
Revenue increased by 48% year-over-year, and 46% organically, to a record $70.7 millionGAAP income from operations increased 670 bps to 15.6% of... More