Fluidigm Corporation (NASDAQ:FLDM) Q4 2018 Earnings Conference Call Transcript

Feb 07, 2019 • 05:00 pm ET


Fluidigm Corporation (NASDAQ:FLDM) Q4 2018 Earnings Conference Call Transcript


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Good day, ladies and gentlemen, and welcome to the Fluidigm Fourth Quarter 2018 Financial Results Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. (Operator Instructions) As a reminder, this call is being recorded.

I will now turn the conference to your host Ms. Agnes Lee. Ma'am, you may begin.

Agnes Lee

Thank you, and good afternoon, everyone. Welcome to the Fluidigm fourth quarter 2018 earnings conference call. At the close of the market today, Fluidigm released its financial results for the quarter ended December 31, 2018. I'd also like to let everyone know that we have posted supplemental financials to our company website.

During this call, we will review our results and provide commentary on recent commercial activity, market trends and our strategic business initiatives. Presenting for Fluidigm today will be Chris Linthwaite, our President and CEO; and Vikram Jog, our CFO.

During the call and subsequent Q&A session, we will make forward-looking statements about events and circumstances that have not yet occurred, including plans and projections for our business, future financial results and market trends and opportunities. Examples include statements about anticipated results, our strategic initiatives, demand for our product revenue growth and operating expense trends and guidance for consumables pull through in 2019 and revenues, operating expenses and cash flow for the first quarter of 2019.

These statements are subject to substantial risks and uncertainties that may cause actual events or results to differ materially from current expectations. Information on these risks and uncertainties, and other information affecting our business and operating results is contained in our Annual Report on Form 10-K for the year ended December 31, 2017 as well as in our 10-Qs and other filings with the SEC.

The forward-looking statements in this call are based on information currently available to us and Fluidigm disclaims any obligation to update these forward-looking statements, except as maybe required by law. During the call, we will also present some financial information on a non-GAAP basis. Non-GAAP information is not prepared under a comprehensive set of accounting rules and should only be used to supplement and understanding of the company's operating results, as reported under US GAAP. We encourage you to carefully consider our results under GAAP, as well as our supplemental non-GAAP information and the reconciliation between these presentations. Reconciliations between GAAP and non-GAAP operating results are presented in the table accompanying our earnings release, which can be found in the Investors section of our website.

I will now turn the call over to Chris, our President and CEO.

Stephen C. Linthwaite

Thank you, Agnes. Good afternoon everyone, and thank you for joining our fourth quarter and full year 2018 earnings call. In brief, we had a fantastic quarter to-cap off a year notable for our return to double-digit growth, improved cash flow dynamics and thoughtful management of the balance sheet. I'm proud of the hard work and dedication of our employees around the world and