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Standard BioTools (LAB) investor relations material
Standard BioTools Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Entered agreement to sell SomaScan Business to Illumina for up to $425M, expected to close in H1 2026, retaining mass cytometry and microfluidics businesses.
Restructuring included consolidating R&D to Singapore, moving HQ to Boston, and a 20% workforce reduction, expected to yield over $40M in annualized cost savings by 2026.
Revenue from continuing operations declined 11% year-over-year for Q3 2025 to $19.6M.
Net loss from continuing operations was $31.7M for Q3 2025.
The company targets positive adjusted EBITDA in 2026, supported by cost savings and a strong cash position.
Financial highlights
Q3 2025 revenue: $19.6M (down from $22.1M in Q3 2024); nine months: $61.5M (down from $66.2M).
Gross margin for Q3 2025 was 48.5%, down from 54.9% in Q3 2024; non-GAAP gross margin was 53.5%.
Operating expenses increased to $42.4M in Q3 2025, up 9% year-over-year, including $9.4M in restructuring charges.
Net loss attributable to common stockholders for Q3 2025 was $34.7M; net loss per share was $0.09.
Cash, cash equivalents, and investments totaled $217.0M as of September 30, 2025.
Outlook and guidance
Management expects the Illumina transaction to close in H1 2026, providing significant liquidity and increasing cash to approximately $550M.
Full-year 2025 combined revenue is expected to be $165–$175M; revenue from continuing operations projected at $78–$83M.
Positive adjusted EBITDA is targeted for 2026, driven by restructuring and operational efficiencies.
Existing liquidity and capital resources are expected to support operations for at least the next 12 months.
Ongoing focus on cost reduction, operational efficiency, and expanding proteomics content.
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