Alpha Teknova Q1 revenue $9.3M (+2% YoY); net loss narrows; reaffirms FY guidance $35-38M

Alpha Teknova, Inc.

2024-Q1 EPS reported -$0.20 revenue$9,290,000

Q1 revenue $9.3M, up 2% YoY; net loss $8.1M ($0.20 loss per share) vs $8.8M loss in Q1 2023.
Gross margin fell to 23.8% from 26.6% due to higher overhead and depreciation from new facility.
Adjusted EBITDA negative $3.8M, improved from negative $6.1M; free cash outflow $6.7M vs $12.0M.
Reaffirmed FY2024 revenue guidance $35-38M and free cash outflow less than $18M.
Launched Build-Tek custom configurator and AAV-Tek AAV Stabilizer product.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Alpha Teknova, Inc. reported first quarter ended March 31, 2024 results: revenue $9.3 million, net income negative $8.1 million, EPS negative $0.20 per diluted share. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $9.3 million
Net income: negative $8.1 million
EPS: negative $0.20 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Teknova Reports First Quarter 2024 Financial Results First quarter 2024 total revenue was $9.3 million, up 2% from prior year

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Source: SEC EDGAR

accession 0000950170-24-058639

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