secwatch.observer — SEC 8-K summary
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Issuer:     Alpha Teknova, Inc. (TKNO)
CIK:        0001850902
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0000950170-24-029226
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.02, 9.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Alpha Teknova reports FY 2023 revenue $36.7M, down 11%; guides 2024 rev $35-38M; receives covenant waiver from MidCap
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- FY 2023 revenue $36.7M, down 11% YoY; net loss $36.8M ($1.16 diluted EPS); Adjusted EBITDA -$19.2M.
- Q4 2023 revenue $7.9M (flat YoY), gross margin 17.0% vs 26.7%; net loss $10.7M ($0.26 diluted EPS).
- Issued warrant to MidCap for 125k shares at $2.9934; MidCap waived revenue covenant violations for Nov 2023/Jan 2024 and reduced min revenue req from $42M to $34M.
- 2024 revenue guidance $35-38M (assuming ~10% Lab Essentials growth); free cash outflow expected <$18M.
- Board approved stock option repricing effective Mar 14, 2024 to retain employees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1850902/000095017024029226/0000950170-24-029226-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1850902/000095017024029226/tkno-20240311.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-029226

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer