In This Article:
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Revenue: $40.8 million, down 10% year-over-year.
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Consumables Revenue: $14.5 million, down 16% year-over-year.
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Instruments Revenue: $7.8 million, up 24% year-over-year.
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Services Revenue: $17.6 million, down 16% year-over-year.
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Non-GAAP Gross Margin: 53.2%, down from 56.2% in the prior year.
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Non-GAAP Operating Expenses: $38.6 million, a decrease of 22% year-over-year.
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Net Loss: $26 million, an improvement of 19% year-over-year.
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Adjusted EBITDA Loss: $16.9 million, an improvement of 29% year-over-year.
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Cash and Equivalents: $261 million, with no material debt.
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Total Cash Burn: $34 million, a reduction from $101 million in the prior year.
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Adjusted Cash Burn: $31 million, a 33% reduction year-over-year.
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Full Year Revenue Guidance: $165 million to $175 million.
Release Date: May 06, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Standard BioTools Inc (NASDAQ:LAB) delivered a solid first quarter with results on plan and in line despite a challenging operating environment.
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The company has a diversified portfolio and a disciplined operating model, which positions it well to navigate market dynamics.
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Recent high-impact product launches, including the new SomaScan offering, expand the company's reach in translational and clinical research.
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The company has a healthy cash position with $261 million in cash and equivalents and no material debt, providing financial stability.
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Non-GAAP operating expenses improved by 22% year-over-year, and adjusted EBITDA improved by 29%, reflecting effective cost management and operational improvements.
Negative Points
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Revenue for Q1 was $40.8 million, down 10% year-over-year, indicating challenges in maintaining growth.
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Consumables and service revenue were softer than usual, particularly in The Americas, showing variability and potential market weakness.
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The company faces headwinds from new tariff measures, adding complexity and potential cost pressures to global trade.
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US Academia funding delays and project timing issues negatively impacted revenue, particularly in consumables and services.
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Non-GAAP gross margins decreased to 53.2% from 56.2% year-over-year, impacted by lower volume and price realization on services.
Q & A Highlights
Q: How should we think about the percentage split between the first half and second half of the year regarding revenue? A: Alex Kim, Chief Operating Officer, explained that while they are not providing specific guidance, they expect larger projects to hit in the back half of the year, driven by internal funnel metrics rather than seasonality.