other material
confidence high
sentiment negative
materiality 0.50
PerkinElmer receives notice CDPH to end Valencia Lab contract on May 15, 2022; reaffirms $400M+ COVID revenue in 2022
REVVITY, INC.
- CDPH to end contract for supply and operation of Valencia Branch Laboratory effective May 15, 2022 due to decrease in COVID cases.
- Company reiterates expectation of at least $400 million aggregate COVID-related revenue in 2022.
- Further update to be provided on Q1 2022 earnings call.