earnings
confidence high
sentiment neutral
materiality 0.65
MaxCyte Q4 core revenue +20%, total rev -45% on milestone comp; FY2025 core growth 8-15%
MAXCYTE, INC.
- Q4 2024 total revenue $8.7M (-45% YoY); core revenue ex-milestones $8.6M (+20%); net loss $10.6M vs $5.3M.
- FY2024 total revenue $38.6M (-6%); core revenue $32.5M (+9%); gross margin 82%; net loss $41.1M vs $37.9M.
- Ended 2024 with $190.3M cash; 28 active SPLs (up from 23), 18 clinical SPL programs, 1 commercial.
- 2025 guidance: core revenue growth 8-15% (incl SeQure Dx); SPL rev ~$5M; cash target $160M year-end.
- Signed record six SPLs in 2024; added TG Therapeutics early 2025; SeQure Dx acquisition integrated.