Gene Sequencing Tech Provider 10x Genomics' Q3 Sales Fall Short On Expectations, But CEO Sees Opportunity Ahead [Yahoo! Finance]
10x Genomics, Inc. (TXG)
Last 10x genomics, inc. earnings: 2/18 04:01 pm
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Source: Yahoo! Finance
Wednesday, released preliminary financial results for the third quarter of 2024, revealing a mixed performance The company's revenue for the quarter totaled approximately $151.7 million versus the consensus of $162.245 million , marking a slight 1% decline compared to the same period in 2023. “Third-quarter revenue fell short of our expectations,” said Serge Saxonov, Co-founder and CEO of 10x Genomics. “The previously announced modifications we made to our commercial processes and organization to increase effectiveness represented a significant change in how we engage with customers. The transition was more disruptive than we anticipated, especially in the Americas. At the same time, our customers continue to be cautious with their spending, particularly around capital purchases, which notably impacted instrument sales during the quarter. 10x Genomics' instruments sales fell significantly, with a 46% drop to $19.1 million. This included $7.6 million from Chromium instruments and
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News
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- 10x Genomics to Present at the Wolfe Research 2024 Healthcare ConferencePR Newswire
- 10x Genomics, Inc. (NASDAQ: TXG) had its price target lowered by analysts at Barclays PLC from $21.00 to $19.00. They now have an "overweight" rating on the stock.MarketBeat
- Earnings Update: 10x Genomics, Inc. (NASDAQ:TXG) Just Reported And Analysts Are Trimming Their Forecasts [Yahoo! Finance]Yahoo! Finance
TXG
Earnings
- 10/29/24 - Beat
TXG
Sec Filings
- 11/18/24 - Form 4
- 11/8/24 - Form SC
- 11/5/24 - Form SC
- TXG's page on the SEC website