earnings
confidence high
sentiment positive
materiality 0.70
10x Genomics reports FY 2021 revenue $490.5M (+64% YoY); guides FY 2022 revenue $600-630M
10x Genomics, Inc.
2021-FY EPS reported
-$0.53
revenue$490,490,000
- Revenue $490.5M FY 2021, up 64% from $298.8M in FY 2020; Q4 revenue $143.5M, up 28% from $112.2M.
- Gross margin 85% FY 2021 vs 80% in 2020, due to lower royalties and manufacturing efficiencies.
- Operating loss $52.3M FY 2021 vs $534.1M in 2020, which included $447.5M acquisition-related R&D charges.
- Net loss $58.2M FY 2021 vs $542.7M in 2020; cash and equivalents $587.4M as of Dec 31, 2021.
- FY 2022 revenue guidance $600-630M, representing 22-28% growth over FY 2021.