Fluidigm Announces Preliminary Full Year and Fourth Quarter 2015 Revenue

SOUTH SAN FRANCISCO, Calif. — Fluidigm Corporation (NASDAQ:FLDM) announced total revenue for the fourth quarter of 2015 is expected to be in the range of approximately $30 million and $31 million based on preliminary, unaudited financial data. Total revenue for the full year of 2015 is expected to be in the range of approximately $114 and $115 million based on preliminary, unaudited financial data.

Fourth quarter 2015 revenue at the midpoint of the range represents a decrease of approximately 9% from $33.5 million in the fourth quarter of 2014 and an increase of approximately 6.5% from $28.6 million in the third quarter of 2015. On a constant currency basis, total revenue for the fourth quarter 2015 decreased approximately 5% year-over-year (see accompanying table for reconciliation of GAAP and non-GAAP measures).

Full year 2015 revenue at the midpoint of the range represents a decrease of approximately 2% from $116.5 million in the full year 2014. On a constant currency basis, total revenue for the full year 2015 increased approximately 4% year-over-year.

“We are pleased that our fourth quarter performance reflected continued stabilization of our business after a challenging start to the year. We remain encouraged by trends in the single-cell biology market. Additionally, given the adjustments and hires we’ve discussed over the year, we are exiting 2015 with a stronger and more focused commercial structure. We believe our organizational changes position us for growth in 2016 and beyond,” said Gajus Worthington, Fluidigm President and Chief Executive Officer.

Fluidigm will host a conference call in early February 2016 to discuss financial fourth quarter results and issue 2016 revenue guidance.

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