MaxCyte Announces Streamlined Operations and Raises 2024 Revenue Guidance [Yahoo! Finance]
MaxCyte, Inc. (MXCT)
Company Research
Source: Yahoo! Finance
enabling platform technologies to advance the discovery, development and commercialization of next-generation cell therapeutics, today announced the completion of an internal operational review, initiated earlier this year following the appointment of Maher Masoud as President and Chief Executive Officer. This “bottom-up” review focused on optimizing new product development, manufacturing, commercial execution, and capital allocation to enhance efficiency and align resources with strategic priorities. As part of an effort to streamline operations, the company made adjustments to its workforce which affected 21 positions, reflecting approximately 15% of its personnel globally, including both directly employed individuals and those engaged through third-party employer-of-record (EOR) arrangements. This adjustment is designed to improve accountability, better align personnel resources with the company's goals, and position MaxCyte for long-term growth. Anticipated cost savings in 2025
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MXCT
News
- MaxCyte Announces Retirement of Board Member Art MandellGlobeNewswire
- MaxCyte Announces Streamlined Operations and Raises 2024 Revenue GuidanceGlobeNewswire
- This MaxCyte Insider Increased Their Holding In The Last Year [Yahoo! Finance]Yahoo! Finance
- MaxCyte Celebrates 25 Years of Innovation Driving Cell Engineering-Based TherapeuticsGlobeNewswire
- MaxCyte Inc (MXCT) Q3 2024 Earnings Call Highlights: Strong Core Revenue Growth Amidst Market ... [Yahoo! Finance]Yahoo! Finance
MXCT
Earnings
- 11/6/24 - Beat
MXCT
Sec Filings
- 12/26/24 - Form 144
- 12/10/24 - Form 4
- 12/9/24 - Form 8-K
- MXCT's page on the SEC website