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Standard BioTools Soars 12.26% on Strong Q1 Earnings
Generated by AI AgentAinvest Movers Radar
Wednesday, May 7, 2025 6:27 am ET1min read
On May 7, 2025,
experienced a significant pre-market rise of 12.26%, reflecting strong investor confidence in the company's recent financial performance and strategic initiatives.Standard BioTools reported a first-quarter 2025 revenue of $40.8 million, surpassing analyst estimates of $40.1 million. The company also demonstrated a 45% reduction in operating loss and a 29% improvement in adjusted EBITDA year-over-year, indicating robust operational efficiency and cost management.
Standard BioTools expects full-year revenue to range between $165 million and $175 million, signaling optimism about its growth prospects. The company's strategic operationalization of $10 million in the first quarter further underscores its commitment to enhancing operational capabilities and driving future growth.
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