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Illumina | 8-K/A: Current report (Amendment)

SEC announcement ·  Jan 9 13:00
Summary by Futu AI
Illumina, Inc., a biotechnology company based in San Diego, California, has filed an amended report (Form 8-K/A) with the Securities and Exchange Commission (SEC) on January 9, 2024. The amendment provides updates on costs associated with the company's exit activities from a portion of its Foster City campus. Initially reported on June 26, 2023, and subsequently amended on November 13, 2023, the company has now estimated impairment charges of approximately $43 million for the fourth fiscal quarter of 2023. These charges are related to right-of-use asset and leasehold improvement impairments. Illumina continues to evaluate options for the remaining parts of its Foster City campus and may incur additional charges, the extent of which cannot be currently estimated. The company has stated that these charges will be excluded from its non-GAAP financial metrics and will file further amendments if the costs are material and estimable. The report also includes forward-looking statements with the usual caveats regarding the risks and uncertainties associated with such predictions.
Illumina, Inc., a biotechnology company based in San Diego, California, has filed an amended report (Form 8-K/A) with the Securities and Exchange Commission (SEC) on January 9, 2024. The amendment provides updates on costs associated with the company's exit activities from a portion of its Foster City campus. Initially reported on June 26, 2023, and subsequently amended on November 13, 2023, the company has now estimated impairment charges of approximately $43 million for the fourth fiscal quarter of 2023. These charges are related to right-of-use asset and leasehold improvement impairments. Illumina continues to evaluate options for the remaining parts of its Foster City campus and may incur additional charges, the extent of which cannot be currently estimated. The company has stated that these charges will be excluded from its non-GAAP financial metrics and will file further amendments if the costs are material and estimable. The report also includes forward-looking statements with the usual caveats regarding the risks and uncertainties associated with such predictions.
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