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Stock impact report

MaxCyte Inc (MXCT) Q3 2024 Earnings Call Highlights: Strong Core Revenue Growth Amidst Market ... [Yahoo! Finance]

MaxCyte, Inc. (MXCT) 
Company Research Source: Yahoo! Finance
Cell Therapy Revenue: $6.5 million, a 39% year-over-year increase. Drug Discovery Revenue: $1.6 million, a 14% year-over-year decline. Instrument Revenue: $1.8 million, compared to $1.7 million in Q3 2023. Lease Revenue: $2.5 million, compared to $2.4 million in Q3 2023. Processing Assembly (P/A) Revenue: $3.4 million, up from $2.2 million in the prior year quarter. Gross Margin: 76% in Q3 2024, down from 90% in Q3 2023. Non-GAAP Adjusted Gross Margin: 85% in Q3 2024, compared to 88% in Q3 2023. Total Operating Expenses: $20.3 million, down from $21.2 million in Q3 2023. Cash and Cash Equivalents: $196.6 million at the end of Q3 2024, with no debt. Year-End Cash Guidance: Expected to end 2024 with $185 million in cash equivalents and investments. Core Revenue Growth Guidance: Increased to at least 5% growth compared to 2023. SPL Program Related Revenue Guidance: Approximately $6 million in 2024. Warning! GuruFocus has detected 6 Warning Signs with MXCT. Rele Show less Read more
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