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Cytek Biosciences Narrows FY24 Revenue Outlook From $203M - $213M To $203M - $210M, Est $208.801M; Now Expects To Report Net Loss In The Single Digit Millions For FY24

Author: Benzinga Newsdesk | August 06, 2024 05:21pm

In addition, Cytek expects to report a net loss in the single digit millions for the full year 2024 (prior view: report positive net income) due to an outlook of slightly lower gross profit, higher than expected stock-based compensation, and lower other income.

Cytek expects to generate positive cash flow from operations in 2024.

Posted In: CTKB

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