secwatch.observer — SEC 8-K summary
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Issuer:     Alpha Teknova, Inc. (TKNO)
CIK:        0001850902
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0000950170-23-020499
Event type: earnings
Sentiment:  negative
Materiality: 0.68
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Teknova Q1 revenue $9.1M, down 18% YoY; net loss $8.8M; reaffirms FY23 guidance
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- Q1 total revenue $9.1M, up 16% sequentially but down 18% from $11.1M in Q1 2022.
- Net loss $8.8M ($0.31 per diluted share) vs $5.5M loss in Q1 2022; adjusted EBITDA -$6.1M.
- Gross margin fell to 26.6% from 48.0% due to lower revenue and fixed cost absorption.
- Reaffirmed FY2023 revenue guidance $42-46M and free cash outflow ~$30M.
- Launched proprietary AAV-Tek Solutions product line; GMP facility qualification underway toward mid-2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1850902/000095017023020499/0000950170-23-020499-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1850902/000095017023020499/tkno-20230510.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-020499

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