Cytek Biosciences

Cytek Biosciences, Inc. is a life sciences technology company engaged in the provision of cell analysis tools by leveraging novel technical approaches. Its products include Cytek Aurora CS, Cytek Aurora, Cytek Northern Lights, and Cytek NL-CLC. The company was founded by Wenbin Jiang and Ming Yan in December 2014 and is headquartered in Fremont, CA.

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Cytek Biosciences reports robust earnings, eyes growth through acquisitions

Cytek Biosciences delivered strong financial results in Q4 2022 and full year 2022, driven by revenue growth, strategic partnerships, and acquisitions.
The company's focus on revenue diversification, technological enhancements, and operational efficiencies positions it for continued growth and innovation in 2023.
While facing integration and operational challenges, Cytek remains optimistic about revenue growth, market expansion, and service margin improvements in the coming year.

Cytek Biosciences reports mixed Q1 results, eyes strategic growth

Cytek Biosciences saw mixed Q1 performance with revenue growth from acquisitions but organic revenue decline.
Strategic partnerships and product launches are strengthening Cytek's position in the market.
Challenges in revenue growth and increased expenses highlight the need for operational efficiency.
Despite financial setbacks, Cytek remains optimistic about future growth opportunities and market leadership.

Cytek Biosciences reports strong Q2 earnings, eyes growth opportunities

Cytek Biosciences delivered a robust performance in Q2 2023, marked by strong revenue growth and operational efficiency despite increased expenses.
The company's strategic focus on driving growth through acquisitions, technology advancements, and market opportunities bodes well for future expansion.
While challenges in managing expenses persist, Cytek's solid financial position and confidence in addressing market needs position it for sustained growth.
With a clear roadmap for growth and a talented team, Cytek remains poised to capitalize on opportunities and enhance shareholder value.

Cytek Biosciences reports solid Q3 growth and eyes global expansion

Cytek Biosciences delivered strong Q3 results with revenue growth and strategic focus on key pillars.
Despite challenges in sales cycles and order delays, the company remains innovative and responsive in the market.
Opportunities in new product launches, bioinformatics, and clinical markets provide avenues for future growth.
Cytek's performance reflects resilience amidst industry challenges and a commitment to driving innovation and expansion.

Cytek Biosciences reports robust Q4 earnings, eyes growth opportunities

Cytek Biosciences delivered strong financial results in Q4 2023, driven by revenue growth and operational efficiency, with a focus on profitability and innovation.
The company faces challenges in managing expenses, stabilizing revenue in key markets, and balancing new product contributions with cost control measures.
Opportunities lie in capitalizing on revenue outlook, expanding in the biotech segment, leveraging regional growth, and diversifying revenue streams.
Strategic planning and execution will be crucial for Cytek Biosciences to navigate challenges and maximize opportunities for sustainable growth and market leadership.

Cytek Biosciences reports strong Q1 growth amidst global market expansion

Cytek Biosciences' Q1 2024 performance reflects solid revenue growth and market expansion efforts.
While facing challenges in certain regions, the company is leveraging opportunities in product innovation and global demand.
Maintaining financial discipline and focusing on operational efficiency will be key to achieving profitability and sustained growth.

Cytek Biosciences reports Q2 revenue growth, eyes global expansion

Cytek Biosciences showed mixed performance in Q2 2024 with revenue growth in EMEA and APAC but a decline in the U.S., particularly in academic and government sectors.
The company's focus on key growth pillars and new capabilities like the ESP module, along with strategic initiatives like Cytek Cloud, positions it for future growth.
While facing challenges in the U.S. market, Cytek Biosciences aims to drive sustainable growth and profitability through cost control and revenue enhancement strategies.

Cytek Biosciences reports strong Q3 earnings, eyes global expansion

Cytek Biosciences demonstrated solid financial performance in Q3 2024, driven by revenue growth and effective expense management.
The company's strategic focus on key pillars and expanding user base positions it well for future success and market leadership.
While facing challenges in balancing investments and income, Cytek has opportunities to capitalize on global growth and market trends.

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Cytek Biosciences, Inc. is a life sciences technology company, which engages in the provision of cell analysis tools by leveraging novel technical approaches. Its products include Cytek Aurora CS, Cytek Aurora, Cytek Northern Lights, and Cytek NL-CLC. The company was founded by Wenbin Jiang and Ming Yan in 1992 and is headquartered in Fremont, CA.

FREMONT, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Cytek Biosciences, Inc. (Nasdaq: CTKB) has introduced an Enhanced Small Particle (ESP™) Detection Option for its Cytek Aurora™ CS system.

Cytek® Biosciences Becomes First Company to Add Ability to Detect Subcellular Particles to Its Cell Sorter

Cytek Biosciences, Inc. (NASDAQ:CTKB ) Q3 2024 Earnings Conference Call November 5, 2024 4:30 PM ET Company Participants Paul Goodson - Investor Relations Wenbin Jiang - Chief Executive Officer William McCombe - Chief Financial Officer Conference Call Participants Tejas Savant - Morgan Stanley Brendan Smith - TD Cowen Mason Carrico - Stephens John Barnidge - Piper Sandler Andrew Cooper - Raymond James Operator Thank you for standing by. At this time, I'd like to welcome everyone to the Cytek Biosciences' Third Quarter 2024 Earnings Conference Call.

Cytek Biosciences, Inc. (CTKB) Q3 2024 Earnings Call Transcript

Cytek Biosciences, Inc. (CTKB) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to earnings of $0.01 per share a year ago.

Cytek Biosciences, Inc. (CTKB) Q3 Earnings and Revenues Beat Estimates

FREMONT, Calif., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Cytek Biosciences, Inc. (Nasdaq: CTKB) is set to elevate its presence at this year's premier clinical industry events across the globe.

Cytek® Biosciences Brings Full Spectrum Profiling™ (FSP™) Technology to the Forefront at Major Clinical Conferences in the U.S. and Europe

FREMONT, Calif., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Cytek Biosciences, Inc. (Nasdaq: CTKB), a leading cell analysis solutions company, today announced that its Chief Operating Officer, Chris Williams, will resign his position effective September 27, 2024, to accept a CEO position at another company. Cytek has chosen not to replace the COO position, opting instead to restructure the organization to create a flatter, more efficient management structure.

Cytek Announces Resignation of Chief Operating Officer Chris Williams

FREMONT, Calif., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Today Cytek Biosciences, Inc. (Nasdaq: CTKB) announced that its San Diego reagent manufacturing facility has been awarded EN ISO 13485:2016 Quality Management System (QMS) certification.

Cytek® Biosciences Achieves ISO 13485 Certification at San Diego Reagent Manufacturing Facility

Cytek Biosciences, Inc. (NASDAQ:CTKB ) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Paul Goodson - Investor Relations Wenbin Jiang - Chief Executive Officer William McCombe - Chief Financial Officer Conference Call Participants Operator Thank you for standing by. My name is Luella, and I will be your conference operator today.

Cytek Biosciences, Inc. (CTKB) Q2 2024 Earnings Call Transcript

Cytek Biosciences, Inc. (CTKB) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to earnings of $0.01 per share a year ago.

Cytek Biosciences, Inc. (CTKB) Reports Q2 Loss, Lags Revenue Estimates

Cytek has developed a revolutionary tool to automate panel design. SpectroPanel is an intelligent algorithm that suggests optimized panels in minutes.

Cytek® Biosciences Automates Panel Design with New Intelligent Algorithm

Cytek Biosciences (CTKB) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Cytek Biosciences (CTKB) Moves 5.1% Higher: Will This Strength Last?

FREMONT, Calif., May 30, 2024 (GLOBE NEWSWIRE) -- Cytek Biosciences, Inc. (Nasdaq: CTKB), a leading cell analysis solutions company, today announced the company will be participating in the upcoming Goldman Sachs 45th Annual Global Healthcare Conference in Miami Beach, FL.

Cytek Biosciences to participate at the Goldman Sachs 45th Annual Global Healthcare Conference

FREMONT, Calif., May 28, 2024 (GLOBE NEWSWIRE) -- Today Cytek Biosciences, Inc. (Nasdaq: CTKB) announced that its 1-laser and 2-laser 6-color TBNK reagent cocktails have received China National Medical Products Administration (NMPA) approval for clinical diagnostic use on the Cytek® Northern Lights™-Clinical (NL-CLC™) cell analysis systems in hospitals, laboratories and clinics across China.

1-Laser and 2-Laser 6-Color TBNK Reagents from Cytek® Biosciences Approved for Clinical Use in China

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Lab Instrument and Services providers in the healthcare industry can generate high recurring revenues. Many loss-making instrument makers in the industry may not provide meaningful returns and carry high risks. Cytek stands out as the best opportunity in the sector due to strong growth and manageable losses.

Lab Instrument Industry Update - New Commercial Entrants

FREMONT, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Today Cytek Biosciences, Inc. (Nasdaq: CTKB), a leading cell analysis solutions company, officially announced its Enhanced Small Particle (ESP™) Detection Option for its flagship Cytek Aurora™ and Cytek Northern Lights™ cell analysis systems.

Cytek® Biosciences Adds Ability to Detect Subcellular Particles to Its Industry-Leading Cell Analysis Systems

Cytek Biosciences, Inc. (NASDAQ:CTKB ) Q1 2024 Earnings Conference Call May 8, 2024 4:30 PM ET Company Participants Paul Goodson - Investor Relations Wenbin Jiang - Chief Executive Officer William McCombe - Chief Financial Officer Conference Call Participants Tejas Savant - Morgan Stanley Jake Siewert - Goldman Sachs David Westenberg - Piper Sandler Noah Krozel - Raymond James Mason Carrico - Stephens Jacqueline Kisa - TD Cowen Operator Thank you for standing by. My name is Liz, and I'll be your conference operator today.

Cytek Biosciences, Inc. (CTKB) Q1 2024 Earnings Call Transcript

Cytek Biosciences, Inc. (CTKB) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to break-even earnings per share a year ago.

Cytek Biosciences, Inc. (CTKB) Reports Q1 Loss, Tops Revenue Estimates

FREMONT, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- Cytek® Biosciences, Inc. (“Cytek Biosciences” or “Cytek”) (Nasdaq: CTKB), a leading cell analysis solutions company, today reported financial results for the first quarter ended March 31, 2024.

Cytek Biosciences Reports First Quarter 2024 Financial Results

FREMONT, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- Cytek Biosciences, Inc. (Nasdaq: CTKB), a leading cell analysis solutions company, continues its commitment to advancing the cell analysis market by actively participating in key industry gatherings worldwide.

Cytek® Biosciences to Spotlight Cell Analysis Solutions at Upcoming Conferences in the United States and Europe

FREMONT, Calif., April 29, 2024 (GLOBE NEWSWIRE) -- Cytek Biosciences, Inc. (Nasdaq: CTKB), a leading cell analysis solutions company, today announced it will report financial results for the first quarter 2024 after market close on Wednesday, May 8th, 2024. The company's management will webcast a corresponding conference call beginning at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time to discuss its results, business developments and outlook.

Cytek Biosciences to Report First Quarter 2024 Financial Results on May 8, 2024

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Cytek Biosciences (CTKB) Is Considered a Good Investment by Brokers: Is That True?

The heavy selling pressure might have exhausted for Cytek Biosciences (CTKB) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Cytek Biosciences (CTKB) Loses -7.27% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

The consensus price target hints at a 47.6% upside potential for Cytek Biosciences (CTKB). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Believe Cytek Biosciences (CTKB) Could Rally 47.61%: Here's is How to Trade

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Cytek Biosciences is a leading cellular analysis instrument maker with a focus on the Aurora flow cytometry platform. Despite a downturn in the healthcare market, Cytek has maintained revenue growth above 15% since IPO. Cytek's technological advantage, broadening ecosystem, and potential in the clinical and biopharma space contribute to the leading financials and positive outlook.

Cytek Biosciences: Undisputed Next-Gen Flow Cytometry Leader

Experienced executive with extensive background as CFO for global corporations across dynamic sectors Cytek reaffirms 2024 outlook FREMONT, Calif., March 19, 2024 (GLOBE NEWSWIRE) -- Cytek Biosciences, Inc. (Nasdaq: CTKB) today announced that William (Bill) McCombe has been appointed chief financial officer of the company effective immediately.

News for Cytek Biosciences Stock (CTKB)