Standard BioTools Expects Combined Company Revenue Of $200M-$205M, Est $120.2M
Portfolio Pulse from Benzinga Newsdesk
Standard BioTools announced post-merger revenue expectations of $200M-$205M, significantly higher than its previous estimate of $120.2M. The merger with SomaLogic was completed on January 5, 2024.

February 28, 2024 | 9:40 pm
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Standard BioTools, trading under the symbol LAB, expects a significant revenue increase to $200M-$205M post-merger with SomaLogic.
The significant increase in revenue forecast post-merger indicates a positive outlook for Standard BioTools. This is likely to be viewed favorably by investors, potentially leading to a short-term increase in the stock price. The merger completion and the substantial upward revision in revenue expectations suggest operational synergies and expanded market reach, which are critical factors for growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100