Teknova Q3 2021 revenue up 5% to $9.4M; net loss of $3.3M vs. prior-year profit

Alpha Teknova, Inc.

2021-Q3 EPS reported -$0.51 revenue$26,783,000

Total revenue $9.4M (+5% YoY); excluding Sample Transport, revenue $9.3M (+26% YoY).
Net loss attributable to common stockholders of $3.3M ($0.12 per share) vs. net income of $0.3M ($0.07) in Q3 2020.
Gross margin fell to 45.4% from 56.6% due to capacity investments; operating expenses rose to $8.2M from $2.9M.
Cash and cash equivalents $98.0M at Sep 30, 2021; Adjusted EBITDA negative $2.7M vs. positive $2.7M in Q3 2020.
Appointed Ken Gelhaus as Chief Commercial Officer and Jennifer Henry as SVP of Marketing.

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