)

Singular Genomics Systems (OMIC) investor relations material
Singular Genomics Systems Q3 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Singular Genomics develops next-generation sequencing and multiomics technologies, with the G4 platform available and G4X Spatial Sequencer in development, targeting NGS and spatial biology markets.
Shipped first G4X Early Access instrument and two G4 systems in Q3 2024, expanding spatial sequencing capabilities.
Presented new data at SITC conference, highlighting G4X's performance in various tissue types and single-cell immune profiling.
The company is focusing on completing G4X development, commercializing spatial biology services, and supporting G4 customers, while continuing to invest in R&D and commercial infrastructure.
A special committee is evaluating strategic alternatives, including a potential acquisition by Deerfield at $24.00 per share, with exclusivity granted for due diligence as of October 31, 2024.
Financial highlights
Q3 2024 revenue was $0.4M, down 12% year-over-year, mainly from consumables; nine-month revenue was $1.6M, down 13% from the prior year.
Net loss for Q3 2024 was $16.8M ($6.72 per share), improved from $22.4M ($9.25 per share) in Q3 2023; nine-month net loss was $63.1M.
Gross margin remained negative at $(0.3)M for Q3 and $(0.9)M for the nine months, impacted by low sales volume, rental placements, and high support costs.
Operating expenses decreased to $17.8M in Q3 2024 (down 27% YoY), including $2.2M in stock-based compensation and a $1.6M non-cash gain from lease modification.
Cash, cash equivalents, and short-term investments totaled $113.8M as of September 30, 2024.
Outlook and guidance
Operating expenses are expected to be slightly down in the near term but to increase longer term as investments in G4X, spatial biology, and commercial infrastructure continue.
The company expects continued significant losses and negative cash flows from operations for the foreseeable future.
Management believes current liquidity is sufficient to fund operations for at least 12 months from the report date.
Ongoing discussions regarding a potential strategic transaction; no earnings call held for Q3 2024.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage