TKNO - Alpha Teknova GAAP EPS of -$0.31 misses by $0.01 revenue of $9.1M beats by $0.99M
2023-05-10 16:09:42 ET
- Alpha Teknova press release ( NASDAQ: TKNO ): Q1 GAAP EPS of -$0.31 misses by $0.01 .
- Revenue of $9.1M (-18.0% Y/Y) beats by $0.99M .
- Gross profit for the first quarter 2023 was $2.4 million, compared to $5.3 million in the first quarter 2022. Gross margin for the first quarter 2023 was 26.6%, compared to 48.0% in the first quarter 2022.
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Adjusted EBITDA for the first quarter 2023 was negative $6.1 million, compared to negative $4.3 million for the first quarter 2022. Free Cash Flow was negative $12.0 million for the first quarter 2023, compared to negative $11.1 million for the first quarter 2022.
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Teknova is reiterating its fiscal 2023 outlook for revenue and free cash outflow. The Company continues to anticipate total revenue of $42 million to $46 million for the fiscal year ending December 31, 2023 (“2023”), which assumes roughly flat performance in Lab Essentials and 20-50% growth in Clinical Solutions. The Company also continues to anticipate free cash outflow of approximately $30 million for 2023.
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Alpha Teknova GAAP EPS of -$0.31 misses by $0.01, revenue of $9.1M beats by $0.99M