earnings
confidence high
sentiment negative
materiality 0.80
10x Genomics Q2 revenue $114.6M (-1% YoY); net loss $64.5M vs $11.1M loss
10x Genomics, Inc.
2022-Q2 EPS reported
-$0.94
revenue$229,105,000
- Revenue $114.6M, down 1% YoY; gross margin 76% vs 96% due to $14.7M prior-year royalty reversal.
- Operating loss $63.1M (vs $10.3M); net loss $64.5M (vs $11.1M); stock-based comp $36.3M.
- FY2022 revenue guidance cut to $500-520M (2-6% growth) from prior expectations.
- Headwinds: China lockdowns, European cold-chain logistics delays, execution issues, unfavorable FX.
- Launched Fixed RNA Profiling Kit for FFPE; shipped Visium CytAssist; hired Jim Wilbur as CCO.