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Teknova Expects Q2 Total Revenue Of $9.4M - $9.6M, Est $9.327M

Author: Benzinga Newsdesk | July 09, 2024 05:06pm

Second quarter 2024 total revenue is in the range of $9.4 to $9.6 million, down 17% to 18% when compared to second quarter 2023. However, when adjusted to remove an unusually large Clinical Solutions order, second quarter 2024 revenue increased by 7% to 9%.

Teknova continues to anticipate Free Cash Outflow of less than $18 million for 2024 – with $3.0 to $3.4 million of total cash used in the second quarter of 2024.

Teknova expects to report its complete financial results for the second quarter of 2024 on August 13th, 2024, following the close of market.

Posted In: TKNO