Singular Genomics Reports Instrument Shipments And Preliminary Unaudited Q4 2023 Revenue; Sees Q4 Revenue Of $1M Vs $765K YoY
Portfolio Pulse from Benzinga Newsdesk
Singular Genomics Systems, Inc. (NASDAQ:OMIC) reported preliminary unaudited Q4 2023 revenue of approximately $1M, a 31% increase from $765K in Q4 2022. The company shipped eight G4 instruments in Q4 2023 and launched two new consumable kits. Full financial results are expected in March 2024.

January 07, 2024 | 10:26 pm
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Singular Genomics expects a 31% increase in Q4 2023 revenue to $1M, driven by G4 instrument shipments and new consumable kits, indicating growth and market adoption.
The reported increase in revenue and shipment of new instruments suggests positive market reception and growth potential for Singular Genomics. The preliminary nature of the report means full details are pending, but the initial figures are promising and likely to be viewed positively by investors. The launch of new consumable kits also indicates ongoing product development and potential for future revenue streams.
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