Standard BioTools Reports Fourth Quarter and Full Year 2023 Financial Results
Standard BioTools Inc. (LAB)
Company Research
Source: GlobeNewswire
Achieved FY2023 core financial objectives, delivering substantial ongoing reductions in expenses and cash burn while expanding revenue and gross margins Completed merger with SomaLogic, activating strategy to build scaled leader in life sciences tools and servicesCombined pro forma revenue for FY2023 totaled $192 million and fortified balance sheet with $565 million in combined pro forma cash, cash equivalents, restricted cash and short-term investments at December 31, 20231 SOUTH SAN FRANCISCO, Calif., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Standard BioTools Inc. (“Standard BioTools” or the “Company”) (Nasdaq: LAB) today announced financial results for the fourth quarter and fiscal year ended December 31, 2023. Standard BioTools Stand-Alone 2023 Fourth Quarter and Full Year Selected Financial Results2 Quarter Ended Year Ended (Unaudited, in millions, except percentages)December 31, 2023 December 31, 2023Revenue$28.2 $106.3 GAAP gross margin 47.4% 47.4%Non-GAAP gross margin 59.6%
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News
- 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 Operational Restructuring Plan to Drive Long-Term Profitable GrowthGlobeNewswire
- Standard BioTools Announces Conference Call and Webcast for First Quarter 2024 Financial Results on May 8, 2024GlobeNewswire
- Standard BioTools Inc. (NASDAQ:LAB): Are Analysts Optimistic? [Yahoo! Finance]Yahoo! Finance
LAB
Earnings
- 2/28/24 - Miss
LAB
Sec Filings
- 4/26/24 - Form 10-K/A
- 4/25/24 - Form 8-K
- 4/9/24 - Form 4
- LAB's page on the SEC website