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Stock impact report

MaxCyte Initiates Full Year 2024 Guidance and Reaffirms 2023 Preliminary Results [Yahoo! Finance]

MaxCyte, Inc. (MXCT) 
Company Research Source: Yahoo! Finance
ROCKVILLE, MD, March 4, 2024 — MaxCyte, Inc., (NASDAQ: MXCT; LSE: MXCT), a leading, cell-engineering focused company providing enabling platform technologies to advance the discovery, development and commercialization of next-generation cell therapeutics and innovative bioprocessing applications, today provided revenue guidance for the full year of 2024 and reaffirmed 2023 preliminary results previously announced in January. 2023 Preliminary Results Total revenue for the fiscal year of 2023 is expected to be between $41.1 million and $41.3 million, compared to $44.3 million for fiscal year 2022. Core revenue is expected to be between $29.6 million and $29.8 million, compared to $39.6 million for fiscal year 2022. SPL Program-related revenue is expected to be approximately $11.4 million, compared to $4.6 million for fiscal year 2022. Total cash, cash equivalents, and investments as of December 31, 2023 is expected to be approximately $210 million. 2024 Guidance Managemen Show less Read more
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