Standard BioTools Announces Operational Restructuring Plan to Drive Long-Term Profitable Growth
Standard BioTools Inc. (LAB)
Company Research
Source: GlobeNewswire
Company expects to achieve $45-$50 million in annualized operating expense savings in fiscal 2025Management to discuss first quarter 2024 financial results, restructuring and strategic initiatives on May 8, 2024 conference call SOUTH SAN FRANCISCO, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- Standard BioTools Inc. (“Standard BioTools” or the “Company”) (Nasdaq: LAB) today announced that it has initiated a restructuring plan to improve operational efficiency and reduce operating costs, while supporting the execution of the Company’s long-term strategic plan. “Following the completion of the SomaLogic merger, our management team has conducted a comprehensive review of our business as we continue to execute our strategic growth plan. Today we are taking critical and proactive steps to optimize our cost structure, which reflects the Company’s commitment to accelerate our path to profitability and achieve our long-term financial targets,” said Michael Egholm, PhD, President and CEO of S
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LAB
News
- Standard BioTools Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Standard BioTools Reports First Quarter 2024 Financial ResultsGlobeNewswire
- Standard BioTools Announces Operational Restructuring Plan to Drive Long-Term Profitable Growth [Yahoo! Finance]Yahoo! Finance
- Standard BioTools Announces Conference Call and Webcast for First Quarter 2024 Financial Results on May 8, 2024 [Yahoo! Finance]Yahoo! Finance
- Standard BioTools Announces Conference Call and Webcast for First Quarter 2024 Financial Results on May 8, 2024GlobeNewswire
LAB
Earnings
- 5/8/24 - Miss
LAB
Sec Filings
- 5/8/24 - Form 8-K
- 4/26/24 - Form 10-K/A
- 4/25/24 - Form 8-K
- LAB's page on the SEC website