Teknova Reports Third Quarter 2024 Financial Results
Portfolio Pulse from
Teknova reported a 17% increase in third quarter 2024 revenue to $9.6 million and lowered its 2024 total free cash outflow outlook to less than $16 million. The company reaffirmed its 2024 revenue guidance of $35-38 million.
November 07, 2024 | 9:15 pm
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Teknova's Q3 2024 revenue increased by 17% to $9.6 million. The company also lowered its free cash outflow outlook and reaffirmed its revenue guidance for 2024.
The 17% increase in revenue indicates strong performance, which is positive for the stock. Lowering the cash outflow outlook suggests improved financial management, and reaffirming revenue guidance provides stability and confidence to investors.
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