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Stock impact report

MaxCyte Reports Third Quarter 2024 Financial Results and Updates Full Year 2024 Guidance [Yahoo! Finance]

MaxCyte, Inc. (MXCT) 
Company Research Source: Yahoo! Finance
technologies to advance the discovery, development, and commercialization of next-generation cell therapeutics, today announced its financial results for the third quarter ended September 30, 2024, and updated its 2024 guidance. Third Quarter and Recent Highlights Total revenue of $8.2 million in the third quarter of 2024, an increase of 2% over the third quarter of 2023. Core business revenue of $8.1 million in the third quarter of 2024, an increase of 23% over the third quarter of 2023. No material Strategic Platform License (SPL) Program-related revenue was recorded in the third quarter of 2024, consistent with the Company's expectations which reflected $6.0 million in SPL program-related revenue received during the first two quarters of 2024. Six new SPL clients signed year-to-date. Kamau Therapeutics signed in September, Legend Biotech signed in May, Be Biopharma signed in March, and Wugen, Imugene, and Lion TCR signed in January. The total number of SPL partners now st Show less Read more
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