Cytek Biosciences Inc (NAS:CTKB)
$ 3.76 +0.15 (+4.16%) Market Cap: 476.24 Mil Enterprise Value: 226.52 Mil PE Ratio: 0 PB Ratio: 1.26 GF Score: 66/100
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Q1 2025 Cytek Biosciences Inc Earnings Call Transcript

May 8, 2025 / 08:30 PM GMT
Release Date Price: $3.79 (+1.61%)

Key Points

Positve
  • Service revenue worldwide increased by 24% year-over-year, driven by the expansion of the instrument installed base and active usage across various disciplines.
  • Cytek Biosciences Inc (CTKB) experienced strong demand in the Asia Pacific and other international markets, with revenue in these regions growing by 35.6% year-over-year.
  • The company launched a new microcell analyzer, expanding its capabilities and targeting emerging markets such as cell and gene therapy.
  • Recurring revenue, including reagents and service revenue, grew to represent 31% of total revenue, up from 26% a year ago.
  • Cytek Biosciences Inc (CTKB) maintains a strong balance sheet, allowing for continued investment in growth and innovation.
Negative
  • First quarter revenue decreased by 7.6% compared to the first quarter of 2024, primarily due to weakness in instrument sales in the US and Europe.
  • Product revenue, including instruments and reagents, decreased by 18% year-over-year, impacted by academic funding uncertainties and cautious capital spending in the biotech and pharma industries.
  • Gross profit decreased by 12% compared to the previous year, with a decline in both GAAP and non-GAAP gross margins.
  • The company revised its full-year 2025 revenue outlook downward due to significant changes in the market environment, including uncertainties in academic funding and government budgets.
  • Operating expenses increased, leading to a larger loss from operations compared to the prior year quarter.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CTKB.OQ - Cytek Biosciences Inc
Q1 2025 Cytek Biosciences Inc Earnings Call
May 08, 2025 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by. At this time, I would like to welcome everyone to the Scitech Biosciences first quarter 2025 earnings conference call. All lines have been placed on you to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star, followed by the number one on your telephone keypad. If you would like to withdraw your question, press one again.

I would not like to turn the conference over to Paul Goodson, head of investor relations. Please go ahead, sir.

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Unidentified_2 [2]
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