earnings
confidence high
sentiment negative
materiality 0.75
Cytek Q1 revenue $44.1M (+6% YoY); net loss widens to $18.9M; reaffirms FY guidance
Cytek Biosciences, Inc.
- Total revenue $44.1M (+6% YoY); service revenue $15.4M (+15%).
- Installed base 3,789 instruments (+125 units); TTM recurring revenue 35% of total (up from 31%).
- GAAP net loss $18.9M vs $11.4M; adjusted EBITDA loss $9.1M vs $3.3M loss.
- G&A expenses up 43% YoY driven by litigation, consulting, and bad debt reserves.
- Reaffirms FY2026 revenue guidance $205M-$212M (2-5% growth).