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NEW YORK – Fulgent Genetics reported after the close of the market on Thursday that its fourth quarter revenues were up sharply year over year.

For the three months ended Dec. 31, 2020 the company reported revenues of $295.0 million, up 35-fold from $8.4 million in Q4 2019. The firm said it delivered 3.2 million billable tests during Q4, approximately 230 times the number of tests in the prior-year period.

Fulgent Chairman and CEO Ming Hsieh said in a statement that the fourth quarter capped a "transformational" year for the Temple City, California-based firm.

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