Teknova Q3 revenue $8.2M, down 24% YoY; net loss $10.2M; raised $22.9M equity, trimmed debt

Alpha Teknova, Inc.

2023-Q3 EPS reported -$0.91 revenue$28,817,000

Q3 revenue $8.2M (-24% YoY); Lab Essentials $7.3M (-23%), Clinical Solutions $0.6M (-35%).
Net loss $10.2M ($0.34/share) vs $22.5M ($0.80/share) prior year; adjusted EBITDA -$5.5M.
Gross margin fell to 18.0% from 44.6% due to lower revenue and fixed cost underabsorption.
Raised $22.9M equity capital; repaid $10.0M long-term debt; expects FY free cash outflow <$30M.
FY2023 revenue now expected at low end of $37-40M guidance range.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Alpha Teknova, Inc. reported the third quarter ended September 30, 2023 results: revenue total revenue was $8.2 million, net income Net loss for the third quarter 2023 was $10.2 million, or negative $0.34 per diluted share, EPS negative $0.34 per diluted share. Guidance lowered.

Period: the third quarter ended September 30, 2023
Revenue: total revenue was $8.2 million
Net income: Net loss for the third quarter 2023 was $10.2 million, or negative $0.34 per diluted share
EPS: negative $0.34 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

99.1 Teknova Reports Third Quarter 2023 Financial Results Raised $22.9 million of equity capital, paid down $10.0 million of long-term debt Third quarter 2023 total revenue was $8.2 million, down 24% from prior year Expect 2023 revenue at the low end of previously announced guidance range of $37-40 million HOLLISTER, Calif., November 9, 2023 – Alpha Teknova, Inc.

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Source: SEC EDGAR

accession 0000950170-23-062023

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