NASDAQ$LAB

Standard Biotool · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Standard BioTools reported a decrease in revenue and net loss, alongside an improvement in adjusted EBITDA for the fourth quarter of 2024.

Standard BioTools announced its financial results for the fourth quarter and full fiscal year ended December 31, 2024. The company reported a total revenue of $46.7 million for Q4 2024, with a net loss of $34.1 million and an adjusted EBITDA loss of $18.4 million, showing improvements compared to the previous year.

  • Full year 2024 pro forma combined revenue reached $175.1 million.
  • The company achieved a 17% Full Year reduction in pro forma operating loss and a 33% year-over-year improvement in adjusted EBITDA.
  • An additional $10 million in operational cost reductions were realized, bringing the total synergies to $90 million over 12 months.
  • Standard BioTools maintains a strong balance sheet with $295 million in cash, cash equivalents, restricted cash, and short-term investments, with no material debt at year-end 2024.

Headline financials

Total Revenue

$46.7M

Previous: $28.2M+65.7%
EPS (adj)

-$0.09

Previous: -$0.25+64.0%
GAAP Gross Margin

45.8%

Previous: 46.7%-1.9%
Non-GAAP Gross Margin

48.1%

Previous: 55.4%-13.2%
Operating Expenses

$37.4M

Previous: $89M-57.9%
Non-GAAP Operating Expenses

$28.2M

Previous: $56.5M-50.2%
Adjusted EBITDA

-$16.2M

Previous: -$28M+42.0%
Capital Expenditures

-$3.38M

Previous: -$78K-4235.9%
Net Income

-$34.1M

Previous: -$19.8M-72.3%
Operating Income

-$32.8M

Previous: -$21.4M-53.5%
Gross Profit

$21.9M

Previous: $13.4M+64.0%
R&D Expense

$13.2M

Previous: $6.91M+90.8%

Revenue & EPS history

Standard Biotool · Revenue · Quarterly

$46.7M

Q4 2024+65.7%vs Q4 2023
Beat estimate in 4 of 8 quarters(50%)
ActualEstimate

Forward guidance

For fiscal year 2025, Standard BioTools expects revenue to be in the range of $165 million to $175 million.

Tailwinds

  • Continued focus on execution with precision and continuous improvement.
  • Intelligent scaling both organically and inorganically.
  • Shifting mix towards higher-margin offerings in attractive markets.
  • Unlocking the power of proteomics with partner Illumina.
  • Imminent launch of co-branded, NGS-based, distributed solution targeting a billion-dollar opportunity.

Headwinds

  • Anticipated high single-digit millions decline in Americas academic revenue due to NIH funding pressures.
  • Uncertain economic environment.
  • No expected effect from U.S. export controls (implies potential for future impact).
  • Limited impact from tariffs (implies potential for future impact).
  • Need for relentless execution in an uncertain environment.

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 2024

Historical avgQ4 2024

-2.7%

Avg return

Earnings day

-0.8%

Avg return

5 days after

+0.6%

Avg return

30 days after

42%

19 / 45 earnings

Positive

+44.5%

Q3 2015

Best reaction

-51.0%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.0%+1.0%+16.3%
Q4 2025+2.6%-4.3%-21.7%
Q3 2025-2.6%+0.0%+26.1%
Q1 2025-3.9%+9.4%+0.0%
Q4 2024-10.3%-9.4%-2.6%
Q3 2024+12.0%+5.7%-13.7%
Q2 2024-38.8%-31.5%-8.2%
Q1 2024+1.7%+4.6%-2.1%
Q4 2023-3.8%+10.3%+15.8%
Q3 2023-6.9%+6.9%+15.2%
Q2 2023+6.7%+20.0%+20.8%
Q1 2023+9.1%+7.3%+33.9%
Q4 2022+0.0%-0.5%+3.3%
Q3 2022-7.9%+32.7%+29.7%
Q2 2022-11.1%-6.9%-22.8%
Q1 2022-5.8%-21.4%-37.1%
Q4 2021+3.1%-1.4%+8.0%
Q3 2021-5.1%+0.8%-8.2%
Q2 2021-7.0%-0.7%+4.7%
Q1 2021+5.1%+12.5%+12.1%
Q4 2020-19.8%-20.5%-35.2%
Q3 2020+13.5%-18.2%-7.7%
Q2 2020+2.6%+0.1%-17.3%
Q1 2020+15.9%+31.9%+0.0%
Q4 2019-0.3%-3.7%-30.6%
Q3 2019-51.0%-54.5%-51.0%
Q2 2019-31.5%-40.0%-52.5%
Q1 2019-10.4%-13.2%-1.4%
Q4 2018+10.4%+17.5%+37.4%
Q3 2018+2.1%+1.7%+13.9%
Q2 2018+7.0%+8.4%+26.1%
Q1 2018-2.2%-7.1%-5.3%
Q4 2017+13.4%+30.3%+17.8%
Q3 2017+1.8%-7.4%+4.7%
Q2 2017-3.1%-4.9%+44.9%
Q1 2017+17.3%+16.1%-3.6%
Q4 2016-1.6%+0.3%-18.1%
Q3 2016-1.8%+11.1%+48.8%
Q2 2016-12.2%-13.4%-15.8%
Q1 2016+5.4%
Q4 2015+0.0%
Q3 2015+44.5%
Q2 2015-35.8%
Q1 2015-26.4%
Q4 2014+2.2%

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