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Stock impact report

Cytek Biosciences Reports First Quarter 2024 Financial Results [Yahoo! Finance]

Cytek Biosciences, Inc. (CTKB) 
Company Research Source: Yahoo! Finance
solutions company, today reported financial results for the first quarter ended March 31, 2024. Recent Highlights Total revenue was $44.9 million, representing a 21% increase over the corresponding period of 2023 Organic revenue was $37.3 million, representing an increase of 11% compared to the first quarter of 2023 First quarter revenue from the product lines acquired from Luminex Corporation (“Luminex”) on February 28, 2023 was $7.6 million Opened a new 50,000-square-foot facility in Wuxi, China to meet growing global demand for cutting-edge cell analysis solutions and to drive operational performance Received China National Medical Products Association (NMPA) approval for single-laser 6-color TBNK panel Registered 18 single-color reagents for IVD use with China NMPA for clinical applications William McCombe appointed Chief Financial Officer “We are encouraged with our positive start to 2024, highlighted by increased organic revenue growth over the fourth quarter a Show less Read more
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