earnings
confidence high
sentiment neutral
materiality 0.65
MaxCyte Q2 revenue up 38% to $7.1M, net loss widens to $4.4M; guides FY2021 revenue ~$30M
MAXCYTE, INC.
- Revenue $7.1M (+38% YoY); cell therapy ex-SPL $4.8M (+59%), drug discovery $1.8M (+60%).
- Net loss $4.4M vs $3.0M; operating expenses $10.7M (+43%) on higher comp and professional costs.
- Signed two new SPL agreements with Celularity and Sana Biotechnology for cell therapy platform.
- Completed US IPO on Nasdaq raising $201.8M gross proceeds; cash $73.4M at June 30 pre-IPO.
- Preliminary FY2021 revenue guidance of approximately $30M.