earnings
confidence high
sentiment negative
materiality 0.75
10x Genomics preliminary Q3 revenue $151.7M, down 1% YoY; instruments revenue falls 46%
10x Genomics, Inc.
2024-Q3 EPS reported
-$1.11
revenue$445,764,000
- Revenue of ~$151.7M, down 1% YoY; instruments revenue $19.1M (-46%), consumables $126.2M (+10%), services $6.4M (+48%).
- Americas revenue $87.8M (-11% YoY); EMEA $37.9M (+18%); APAC $26.0M (+15%).
- CEO cites commercial reorganization disruption and cautious customer spending on capital equipment as key headwinds.
- Cash and equivalents ~$398M as of Sept 30; full-year 2024 guidance to be discussed on October 29 earnings call.