Financial Snapshot

Revenue
$201.2M
TTM
Gross Margin
54.73%
TTM
Net Earnings
-$10.16M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
621.35%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$385.5M
Q3 2024
Cash
Q3 2024
P/E
-84.83
Nov 29, 2024 EST
Free Cash Flow
$28.56M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $193.0M $164.0M $128.0M $92.84M $57.88M
YoY Change 17.67% 28.2% 37.82% 60.39%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $193.0M $164.0M $128.0M $92.84M $57.88M
Cost Of Revenue $83.59M $63.06M $48.81M $41.13M $29.21M
Gross Profit $109.4M $101.0M $79.14M $51.71M $28.67M
Gross Profit Margin 56.69% 61.56% 61.86% 55.7% 49.54%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $93.12M $67.92M $45.55M $24.36M $16.98M
YoY Change 37.1% 49.13% 86.98% 43.45%
% of Gross Profit 85.1% 67.26% 57.55% 47.11% 59.22%
Research & Development $44.15M $34.86M $24.44M $13.69M $8.931M
YoY Change 26.66% 42.62% 78.5% 53.32%
% of Gross Profit 40.35% 34.52% 30.88% 26.48% 31.15%
Depreciation & Amortization $6.048M $2.492M $1.242M $603.0K $309.0K
YoY Change 142.7% 100.64% 105.97% 95.15%
% of Gross Profit 5.53% 2.47% 1.57% 1.17% 1.08%
Operating Expenses $137.3M $102.8M $69.99M $38.05M $25.91M
YoY Change 33.56% 46.85% 83.93% 46.85%
Operating Profit -$27.85M -$1.804M $9.157M $13.66M $2.763M
YoY Change 1443.51% -119.7% -32.96% 394.35%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $2.071M $2.573M $1.741M $333.0K $710.0K
YoY Change -19.51% 47.79% 422.82% -53.1%
% of Operating Profit 19.01% 2.44% 25.7%
Other Income/Expense, Net $12.14M $3.064M -$3.219M $771.0K $252.0K
YoY Change 296.08% -195.18% -517.51% 205.95%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$15.71M $1.260M $5.938M $14.43M -$16.29M
YoY Change -1346.75% -78.78% -58.85% -188.56%
Income Tax -$3.561M -$1.224M $2.911M -$4.981M $533.0K
% Of Pretax Income -97.14% 49.02% -34.52%
Net Earnings -$12.15M $2.484M $3.027M $19.41M -$16.83M
YoY Change -589.05% -17.94% -84.41% -215.36%
Net Earnings / Revenue -6.29% 1.51% 2.37% 20.91% -29.07%
Basic Earnings Per Share -$0.09 $0.02 $0.00 $0.11
Diluted Earnings Per Share -$0.09 $0.02 $0.00 $0.10 -$128.6K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $262.4M $341.1M $364.6M $165.2M $30.12M
YoY Change -23.08% -6.44% 120.67% 448.54%
Cash & Equivalents $144.9M $173.2M $345.7M $154.6M $24.19M
Short-Term Investments $95.11M $44.55M
Other Short-Term Assets $12.65M $13.84M $5.311M $2.269M $1.463M
YoY Change -8.59% 160.63% 134.07% 55.09%
Inventory $60.88M $48.15M $32.17M $23.02M $18.43M
Prepaid Expenses
Receivables $55.93M $48.86M $29.76M $16.99M $17.15M
Other Receivables $192.0K $2.011M -$127.0K $1.114M $597.0K
Total Short-Term Assets $392.1M $454.0M $431.7M $208.6M $67.77M
YoY Change -13.65% 5.16% 106.95% 207.86%
Property, Plant & Equipment $29.26M $27.57M $5.851M $2.140M $1.041M
YoY Change 6.14% 371.12% 173.41% 105.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $33.87M $23.42M $10.84M $8.467M $816.0K
YoY Change 44.65% 116.05% 28.0% 937.62%
Total Long-Term Assets $102.4M $65.46M $31.57M $11.36M $2.596M
YoY Change 56.44% 107.32% 178.0% 337.48%
Total Assets $494.5M $519.5M $463.3M $220.0M $70.36M
YoY Change
Accounts Payable $3.032M $4.805M $3.034M $2.944M $2.342M
YoY Change -36.9% 58.37% 3.06% 25.7%
Accrued Expenses $24.24M $25.48M $16.65M $9.614M $6.907M
YoY Change -4.85% 52.98% 73.23% 39.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $2.772M $0.00
YoY Change -100.0%
Long-Term Debt Due $565.0K $580.0K
YoY Change -2.59%
Total Short-Term Liabilities $56.23M $49.04M $33.18M $26.54M $21.04M
YoY Change 14.65% 47.8% 25.04% 26.13%
Long-Term Debt $1.648M $2.271M $0.00 $0.00 $0.00
YoY Change -27.43%
Other Long-Term Liabilities $43.52M $42.62M $24.74M $15.15M $16.37M
YoY Change 2.11% 72.27% 63.27% -7.44%
Total Long-Term Liabilities $45.17M $44.89M $24.74M $15.15M $16.37M
YoY Change 0.62% 81.45% 63.27% -7.44%
Total Liabilities $101.4M $94.18M $58.26M $41.69M $37.41M
YoY Change 7.66% 61.65% 39.76% 11.44%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 135.3M shares 134.5M 76.74M 29.13M
Diluted Shares Outstanding 135.3M shares 138.6M 81.54M 32.60M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $861.74 Million

About Cytek Biosciences, Inc.

Cytek Biosciences, Inc. is a life sciences technology company, which engages in the provision of cell analysis tools by leveraging novel technical approaches. The company is headquartered in Fremont, California and currently employs 645 full-time employees. The company went IPO on 2021-07-23. The firm is advancing the cell analysis tools by delivering high-resolution, high-content and high-sensitivity cell analysis utilizing its Full Spectrum Profiling (FSP) technology. Its FSP platform includes its core instruments, the Cytek Aurora and Northern Lights systems; its cell sorter, the Cytek Aurora CS; the Cytek Orion reagent cocktail preparation system; the flow cytometer and imaging products under the Amnis and Guava brands; and reagents, software and services to provide a comprehensive and integrated suite of solutions for its customers. Its Cytek Aurora and Cytek Northern Lights systems are flow cytometers that deliver high-resolution, high-content, and high-sensitivity cell analysis. Its Cytek Aurora CS is a cell sorter that leverages the detection and sensitivity capabilities of its FSP technology to isolate living cell populations from lower to higher complexity panels beyond 40 biomarkers.

Industry: Laboratory Analytical Instruments Peers: 10x Genomics, Inc. Adaptive Biotechnologies Corp NEOGENOMICS INC Azenta, Inc. Medpace Holdings, Inc. PACIFIC BIOSCIENCES OF CALIFORNIA, INC. NS Wind Down Co., Inc. Sotera Health Co THERMO FISHER SCIENTIFIC INC.