NASDAQ$CTKB

Cytek Biosciences Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Cytek Biosciences reported a revenue increase of 27% for the fourth quarter of 2021 compared to the same period in 2020 and expanded its installed base to 1,110 instruments.

Cytek Biosciences reported a strong fourth quarter, with a 27% increase in revenue compared to the previous year. The company also expanded its installed instrument base and enhanced its reagent portfolio through acquisitions and product launches.

  • Total revenue was $38.9 million for the fourth quarter, a 27% increase year-over-year.
  • Expanded the installed base to 1,110 instruments, with 140 instrument placements during the fourth quarter.
  • Closed the acquisition of Tonbo Biosciences’ reagents business.
  • Opened a new facility in Fremont, California, tripling previous manufacturing capacity.

Headline financials

Total Revenue

$38.9M

Previous: $30.6M+27.0%
EPS (adj)

$0.04

Previous: $0.01+203.8%
GAAP Gross Margin

61.0%

Previous: 64.0%-4.7%
Net Income

$300K

Previous: $5.6M-94.6%
Operating Income

$1.3M

Previous: $7.88M-83.5%
Gross Profit

$23.6M

Previous: $19.4M+21.3%
Cash & Equivalents

$365M

Previous: $165M+120.9%

Revenue & EPS history

Cytek Biosciences · Revenue · Quarterly

$38.9M

Q4 2021+27%vs Q4 2020
Beat estimate in 5 of 10 quarters(50%)
ActualEstimate

Revenue by segment

Cytek Biosciences · $128M total across 2 segments · Q4 2021

  • Product Revenue
    $120M
  • Service Revenue
    $8.43M

Forward guidance

Cytek Biosciences expects full year 2022 revenue to be in the range of $160 million to $168 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

-0.9%

Avg return

Earnings day

+0.6%

Avg return

5 days after

-4.5%

Avg return

30 days after

36%

8 / 22 earnings

Positive

+42.3%

Q3 2024

Best reaction

-23.6%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.6%-18.4%-17.2%
Q4 2025+1.6%+0.2%-1.8%
Q3 2025+2.6%+21.5%+27.6%
Q1 2025-22.8%-28.0%-9.2%
Q4 2024-6.7%-7.1%-16.8%
Q3 2024+42.3%+35.6%+25.8%
Q2 2024-12.7%-10.5%-6.7%
Q1 2024-2.8%-3.1%-6.0%
Q4 2023-13.0%-8.2%-12.9%
Q3 2023+14.7%+12.4%+75.7%
Q2 2023-2.0%+2.4%-25.1%
Q1 2023-23.6%-35.4%-30.9%
Q4 2022-10.0%+0.7%-15.5%
Q3 2022-0.6%+0.6%-22.3%
Q2 2022+1.0%+1.9%-4.0%
Q1 2022+1.1%+23.1%+25.6%
Q4 2021-1.9%+1.3%-26.5%
Q3 2020+1.8%-0.2%-17.9%
Q3 2021-0.9%-4.4%-19.0%
Q2 2020-1.8%+6.8%-12.3%
Q4 2020-1.8%+6.8%-12.3%
Q2 2021+16.2%+14.9%+2.5%
Q1 2021
Q1 2020

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