Can someone please help me understand the earnings call? It didnt seem that positive to me but then Jacob's email made me feel like we were doing well?
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We can see high expenses in the published report related to business transformation. They are higher year-over-year, while R&D spending has decreased. This is a strategic move.
Before we improve our numbers, we are pursuing several initiatives to upgrade systems for capturing data and to build future models on AI platforms. I work with Financial Systems at Illumina and can confirm that we are updating these systems. Variations in metrics/$ are occasionally observed in the system- Lets feel challenged with the current state and it turn around.
@cp mid is languishing because of two sources of competition. One is the aviti. Other is users sending samples to cheaper HT sequencers rather than using the more expensive MT close by. Not defending J’s comment about it. It’s a self made issue
i just want functional toilets again, tired of staring at urinals back up with pi-s
@cq Elements AVITI
Because JT has so little respect for us employees he thinks we don't listen to the earnings call and will believe his spin
@cp : what are people buying instead of the nextseq?
@OP the best part of the call though is when Jacob said that the low sales in Mid Throughput =nextseq are not due to competition!! Almost choke on that one! Nobody want that machine. It’s dead. Competition completely pushed us out. How many more quarters or years until they admit it?????
@bk totally agree with you. We rosy the numbers to please the investors so stocks goes up. We won’t make the new guidance numbers of course. So to translate, to keep ESP high with no growth, more RIFS.
@OP+.. revenue yoy for Q2 is down 3% but the market has already baked those losses into their expectations so there is not much of a shock..they are buying back $380 million worth of shares and that increases the average share price by ~$2.4 (total publicly traded shares divided by $380million). leadership is shooting to restore the confidence of the investors as they cannot generate the revenue. Share buy back is great option for increasing the investor value but usually done with profits and not on borrowed money, at least that's how my common sense sees it.. but I could be wrong... from how i see now the company is completely focussed on investor value so more stream lining and cost cutting.. if investors reward that (which they will), as this leadership's sole service is to please the investor class at the expense of customers and employees.. but again this is the fall out playing in slow motion because of the original sin of ILMN (holy grail!) in the back drop of a harsh macro economic situation..
its putting lipstick on a pig ;)