LSE-AIM$MXCT
Maxcyte Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
MaxCyte's first quarter results were announced, showing a decrease in revenue compared to the same period last year, but the company is pleased with progress on strategic initiatives and updated 2023 revenue guidance.
MaxCyte reported a 26% decrease in total revenue for Q1 2023, amounting to $8.6 million, compared to $11.6 million in Q1 2022. Despite the revenue decline, the company highlighted the addition of two new SPL partnerships and progress towards potential commercial approval of a product enabled by their platform.
- Total revenue for Q1 2023 was $8.6 million, a 26% decrease compared to Q1 2022.
- Core business revenue was $7.8 million, a 19% decrease compared to Q1 2022.
- Two SPL partnerships were signed year-to-date, bringing the total number of SPL partners to 20.
- Total cash, cash equivalents, and short-term investments were $224.7 million as of March 31, 2023.
Headline financials
Revenue & EPS history
Maxcyte · Revenue · Quarterly
$8.58M
Revenue by segment
Maxcyte · $804K total across 1 segment · Q1 2023
- Program-Related$804K-59.9%100.0%
Forward guidance
MaxCyte expects total revenue for 2023 to grow between 8% and 12% compared to 2022, with core revenue growth of 5% to 10%. SPL program-related revenue expectations remain at approximately $6 million for the year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
+291.3%
Avg return
Earnings day
-2.8%
Avg return
5 days after
+220.5%
Avg return
30 days after
42%
10 / 24 earnings
Positive
+7042.3%
Q1 2025
Best reaction
-29.9%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +24.1% | +29.0% | — | |
| Q3 2025 | -12.0% | -7.2% | -12.0% | |
| Q2 2025 | -29.9% | -37.7% | -30.9% | |
| Q1 2025 | +7042.3% | -19.7% | -21.5% | |
| Q4 2024 | -8.4% | -6.1% | +5251.6% | |
| Q3 2024 | +0.5% | -7.3% | -6.7% | |
| Q2 2024 | +2.5% | -3.7% | -8.8% | |
| Q1 2024 | +0.5% | +21.2% | +23.5% | |
| Q4 2023 | +0.3% | +8.6% | +4.0% | |
| Q3 2023 | -1.5% | +2.4% | +42.6% | |
| Q2 2023 | -2.7% | -14.3% | -17.4% | |
| Q1 2023 | -0.6% | -19.2% | -2.8% | |
| Q4 2022 | +2.7% | +2.4% | +30.8% | |
| Q3 2022 | -9.4% | +3.0% | -19.9% | |
| Q2 2022 | +3.6% | +4.9% | +16.4% | |
| Q1 2022 | -4.3% | -13.0% | -12.9% | |
| Q1 2021 | -4.3% | -13.0% | -12.9% | |
| Q4 2021 | +3.4% | +6.7% | -23.7% | |
| Q4 2019 | +3.4% | +6.7% | -23.7% | |
| Q3 2020 | -7.7% | +3.8% | -9.7% | |
| Q3 2021 | -7.7% | +3.8% | -9.7% | |
| Q4 2020 | -4.1% | -6.2% | -26.3% | |
| Q2 2021 | -0.3% | -6.5% | -29.4% | |
| Q2 2020 | -0.3% | -6.5% | -29.4% |
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