Standard BioTools Inc

Standard BioTools Inc. engages in the provision of biotechnology tools and services for clinical research. It sells preparatory and analytical instruments for mass cytometry, polymerase chain reaction, library prep, single cell genomics, and consumables including integrated fluidic circuits (IFCs), assays, and reagents. The company was founded by Stephen D. Quake and Gajus Vincent Worthington on May 19, 1999 and is headquartered in South San Francisco, CA.

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Standard BioTools Inc posts strong Q4 results, targets margin improvement

Standard BioTools Inc delivered solid Q4 results with revenue growth and cost reductions. The outlook for 2023 includes flat to moderately higher core revenue, improved margins, and strategic expense management. Challenges in genomics and significant operating expenses require attention for sustained growth.

Standard BioTools Inc reports solid Q1 performance and eyes sustained growth

Standard BioTools Inc's Q1 2023 earnings call highlighted positive financial results, operational improvements, and strategic initiatives aimed at driving profitability. While facing challenges in certain revenue segments, the company's focus on cost reduction and revenue growth positions it well for future success.

Standard BioTools Inc. reports robust Q2 earnings, eyes growth opportunities

Standard BioTools Inc. delivered strong financial results in Q2 2023, with revenue growth and improved margins. The company's strategic priorities include stabilizing the core business, enhancing operating discipline, and leveraging M&A for growth. While challenges exist in managing profitability across segments, opportunities for growth through new products and strategic acquisitions are promising.

Standard BioTools Inc (LAB) reports strong Q3 earnings and advances merger with SomaLogic

Standard BioTools Inc (LAB) delivered robust financial results in Q3 2023, showcasing revenue growth, margin expansion, and operational improvements, setting a positive trajectory for future performance.
The company's strategic initiatives, including the pending merger with SomaLogic, signal a commitment to driving growth, fostering innovation, and enhancing shareholder value in a competitive market landscape.
While facing challenges in margin targets and post-merger integration, Standard BioTools Inc (LAB) remains well-positioned to capitalize on opportunities in biotechnology, expand market reach, and sustain its growth momentum.

Standard BioTools Inc (LAB) posts robust Q4 earnings and outlines growth strategies for 2024

Standard BioTools Inc (LAB) delivered a strong performance in Q4 2023, driven by revenue growth, margin expansion, and cost reduction.
The company's strategic focus on profitability, diversified revenue streams, and operational efficiency sets a solid foundation for future growth.
While facing challenges in cost synergies and margin maintenance, Standard BioTools Inc (LAB) is well-positioned to capitalize on opportunities for revenue growth and operational improvements.

Standard BioTools Inc achieves revenue growth and profitability in Q1

Standard BioTools Inc's Q1 2024 performance reflects steady revenue growth and improved profitability. The company's strategic initiatives and strong financial position with $464 million in cash equivalents provide a solid foundation for future growth and value creation.

Standard BioTools Inc accelerates cost reduction efforts amidst revenue challenges

Standard BioTools Inc's Q2 2024 performance focused on cost reduction, revised revenue guidance, and strategic partnerships for future growth.
The company aims to achieve breakeven adjusted EBITDA by 2026, supported by strong cash position and diversified revenue streams.
Challenges include contract delays in SomaScan services and suspension of share repurchase program, while opportunities lie in strategic M&A and new partnerships.
Overall, Standard BioTools Inc navigates market uncertainties with a focus on financial sustainability and operational efficiency for long-term success.

Standard BioTools Inc reports mixed Q3 results, focuses on growth

Standard BioTools Inc's Q3 performance reflects a mixed revenue picture with strong growth in Consumables but a decline in Instruments business. The company's focus on cost management and strategic initiatives to drive long-term growth and profitability is evident.
Maintaining a robust cash position and emphasizing high-margin consumables position Standard BioTools Inc well for future success. Addressing challenges in the Instruments segment and sustaining cost management are key priorities for the company moving forward.

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SOUTH SAN FRANCISCO, Calif., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Standard BioTools Inc. (NASDAQ: LAB) today announced its President and Chief Executive Officer, Michael Egholm, PhD, will present at the upcoming 43rd Annual J.P.

Standard BioTools to Present at the 43rd Annual J.P. Morgan Healthcare Conference

SOUTH SAN FRANCISCO, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Standard BioTools Inc. (“Standard BioTools” or the “Company”) (Nasdaq: LAB) today announced the appointment of Alex Kim as Chief Financial Officer, effective November 11, 2024. Kim, a co-founder and most recently Chief Operating Officer of Standard BioTools, brings nearly 30 years of financial and operations experience in the healthcare and life sciences industries to the role and will oversee Standard BioTools' finance organization.

Standard BioTools Appoints Alex Kim as Chief Financial Officer

SOUTH SAN FRANCISCO, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Standard BioTools Inc. (NASDAQ: LAB) today announced that its management team will participate in the following investor conferences in the month of November: UBS Global Healthcare Conference on November 12 th , 2024 President and CEO, Michael Egholm, PhD, will participate in a corporate presentation on Tuesday, November 12, 2024, at 1:15 p.m.

Standard BioTools to Participate in Upcoming Investor Conferences

Standard BioTools Inc. (NASDAQ:LAB ) Q3 2024 Earnings Conference Call October 30, 2024 4:30 PM ET Company Participants David Holmes - IR Michael Egholm - President & CEO Alex Kim - Chief Operating Officer & Interim-CFO Conference Call Participants Matt Stanton - Jefferies Operator Good day and welcome to the Standard BioTools Inc Third Quarter 2024 Financial Results Conference Call. All participants will be in listen-only mode.

Standard BioTools Inc. (LAB) Q3 2024 Earnings Call Transcript

Standard BioTools (LAB) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.15 per share a year ago.

Standard BioTools (LAB) Reports Q3 Loss, Tops Revenue Estimates

SOUTH SAN FRANCISCO, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Standard BioTools Inc. (NASDAQ: LAB) (the “Company”) today announced unaudited interim financial results for the third quarter ended September 30, 2024.

Standard BioTools Reports Third Quarter 2024 Financial Results

SOUTH SAN FRANCISCO, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Standard BioTools Inc. (NASDAQ: LAB) today announced that it will report third quarter 2024 financial results on Wednesday, October 30, 2024, after the close of the market.

Standard BioTools Announces Conference Call and Webcast for Third Quarter 2024 Financial Results on October 30, 2024

The Dow Jones index closed higher by around 10 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects.

Standard BioTools And 2 Other Penny Stocks Executives Are Buying

The Dow Jones index closed higher by around 0.2% on Monday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects.

Standard BioTools And 3 Other Stocks Under $3 Executives Are Buying

Standard BioTools Inc. (NASDAQ:LAB ) Q2 2024 Earnings Conference Call July 31, 2024 4:30 PM ET Company Participants David Holmes - IR Michael Egholm - President and CEO Jeff Black - CFO Conference Call Participants Matt Stanton - Jefferies Dan Brennan - TD Cowen Paul Knight - KeyBanc Operator Good day and welcome to the Standard BioTools Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

Standard BioTools Inc. (LAB) Q2 2024 Earnings Call Transcript

Standard BioTools (LAB) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.14 per share a year ago.

Standard BioTools (LAB) Reports Q2 Loss, Misses Revenue Estimates

Alex Kim, Chief Operating Officer and Standard BioTools Co-Founder, to Serve as interim Chief Financial Officer Following Departure of Jeffrey Black on August 31, 2024 Industry Veteran Sean Mackay Named Chief Business Officer SOUTH SAN FRANCISCO, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Standard BioTools Inc. (“Standard BioTools” or the “Company”) (Nasdaq: LAB) today announced that Jeffrey Black, Chief Financial Officer, will resign from the Company, effective August 31, 2024, to accept an opportunity at another public company.

Standard BioTools Announces Senior Leadership Changes

Delivered revenue of $37.2 million Accelerated merger synergies with $80 million expected to be operationalized in 2024  Revised FY2024 revenue guidance; on-track to achieve anticipated break-even adjusted EBITDA for full-year 2026 Current balance sheet of $396 million cash, cash equivalents, restricted cash and short-term investments SOUTH SAN FRANCISCO, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Standard BioTools Inc. (“Standard BioTools” or the “Company”) (NASDAQ: LAB) today announced unaudited interim financial results for the second quarter and six months ended June 30, 2024.

Standard BioTools Reports Second Quarter 2024 Financial Results

SOUTH SAN FRANCISCO, Calif., July 17, 2024 (GLOBE NEWSWIRE) -- Standard BioTools Inc. (“Standard BioTools” or the “Company”) (Nasdaq: LAB) today announced that it will report second quarter 2024 financial results on Wednesday, July 31, 2024, after the close of the market.

Standard BioTools Announces Conference Call and Webcast for Second Quarter 2024 Financial Results on July 31, 2024

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SOUTH SAN FRANCISCO, Calif and SALT LAKE CITY, May 28, 2024 (GLOBE NEWSWIRE) -- Standard BioTools Inc. (Nasdaq:LAB) today announced that it has purchased the LSAXT system from Carterra®, a leading provider of high-throughput large and small molecule screening and characterization solutions. This instrument will enable Standard BioTools™ to further validate its SomaScan® Platform by measuring the kinetic properties of SOMAmer® Reagents and deliver precise information about protein binding and biomarker characterization to customers.

Standard BioTools Purchases the Carterra® LSA-XT System to Accelerate Data Delivery and Provide Greater Validation to SomaScan Customers

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SOUTH SAN FRANCISCO, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Standard BioTools Inc. (“Standard BioTools”) (Nasdaq:LAB) today announced that the Human Capital Committee of its Board of Directors, which is composed entirely of independent directors, granted an equity award effective as of May 20, 2024, under the Standard BioTools Inc. 2022 Inducement Equity Incentive Plan (Plan).

Standard BioTools Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

Standard BioTools Inc. (NASDAQ:LAB ) Q1 2024 Earnings Conference Call May 8, 2024 4:30 PM ET Company Participants David Holmes - Investor Relations Michael Egholm - President and Chief Executive Officer Jeff Black - Chief Financial Officer Adam Taich - Chief Strategy Officer Conference Call Participants Matthew Stanton - Jefferies Daniel Brennan - TD Cowen Paul Knight - KeyBanc Capital Markets Operator Good day and welcome to the Standard BioTools Inc. First Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

Standard BioTools Inc. (LAB) Q1 2024 Earnings Call Transcript

SOUTH SAN FRANCISCO, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- Standard BioTools Inc. (“Standard BioTools” or the “Company”) (Nasdaq: LAB) today announced financial results for the first quarter ended March 31, 2024 and recent business updates.

Standard BioTools Reports First Quarter 2024 Financial Results

SOUTH SAN FRANCISCO, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- Standard BioTools Inc. (“Standard BioTools” or the “Company”) (Nasdaq: LAB) today announced that it has initiated a restructuring plan to improve operational efficiency and reduce operating costs, while supporting the execution of the Company's long-term strategic plan.

Standard BioTools Announces Operational Restructuring Plan to Drive Long-Term Profitable Growth

New advancements, including automation, aim to fast-forward spatial biology New advancements, including automation, aim to fast-forward spatial biology

Standard BioTools Introduces New High-Throughput Multiplexed Whole Slide Imaging Modalities Set to Redefine the boundaries of Tissue Imaging

SOUTH SAN FRANCISCO, Calif., April 03, 2024 (GLOBE NEWSWIRE) -- Standard BioTools Inc. (Nasdaq:LAB), driven by a bold purpose – Unleashing tools to accelerate breakthroughs in human health™ – today announced that it has entered into a multi-year engagement with global biopharmaceutical company Bristol Myers Squibb for use of the SomaScan® Platform as a tool for clinical trials in multiple therapeutic areas through 2026.

Standard BioTools Announces Multi-Year Strategic Engagement with Bristol Myers Squibb for Use of the SomaScan® Platform for Translational Medicine Research

SOUTH SAN FRANCISCO, Calif., March 18, 2024 (GLOBE NEWSWIRE) -- Standard BioTools Inc. (“Standard BioTools” or the “Company”) (Nasdaq: LAB) today announced that it has exchanged all outstanding shares of its Series B Convertible Preferred Stock (the “Series B Preferred”) for shares of common stock pursuant to an agreement with stockholders affiliated with Viking Global Investors (“Viking”) and Casdin Capital (“Casdin").

Standard BioTools Announces Exchange of All Outstanding Series B Convertible Preferred Stock for Common Stock

Standard BioTools Inc. (LAB) Q4 2023 Earnings Call Transcript

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