How did Azenta's revenue and expenses trend in Q1 2025 compared to previous quarters?

Azenta's revenue and expenses in Q1 2025 showed positive trends compared to previous quarters, with specific improvements in financial performance and operational efficiency. 1. **Revenue Growth**: Azenta's revenue for Q1 2025 was $148 million, representing a 4.2% year-over-year increase. This growth was driven by higher revenues in both Sample Management Solutions and Multiomics services. The company's organic revenue also grew by 4% year-over-year, excluding the impact of foreign exchange. 2. **Expense Management**: The company's adjusted operating margin improved by 260 basis points year-over-year to -(0.2%) in Q1 2025. This indicates better cost control and operational efficiency. Additionally, the adjusted EBITDA was $13 million, with an adjusted EBITDA margin of 9.0%, representing a 400 basis point improvement year-over-year. 3. **Cash Flow and Capital Expenditures**: Azenta's operating cash flow was $30 million, and free cash flow was $22 million in the quarter. Capital expenditures were $8 million. The company's financial stability was further reflected in a total balance of cash, cash equivalents, restricted cash, and marketable securities of $530 million, including $27 million held in discontinued operations. 4. **ESG Performance**: Azenta's commitment to Environmental, Social, and Governance (ESG) priorities is evident, with notable achievements such as a 20% reduction in Scope 1 & 2 Greenhouse Gas emissions and sourcing over 60% of electricity from renewable sources. These initiatives not only demonstrate Azenta's sustainability efforts but also align with growing consumer and investor demands for sustainable practices. In conclusion, Azenta's Q1 2025 financial performance reflects positive trends in revenue growth and improved operational efficiency, supported by strategic initiatives that enhance the company's sustainability and market competitiveness.