What does Nautilus do and what are its main business segments?

What is the revenue and EPS growth rate for Nautilus year over year?

What were the key takeaways from Nautilus’s earnings call?

What is Nautilus's gross profit margin?

What is the market's earnings forecast for Nautilus next quarter?

What guidance did Nautilus's management provide for the next earnings period?

What is Nautilus's latest dividend and current dividend yield?

What were the key takeaways from Nautilus's earnings call?

- **Tau Proteoform Assay Launch**: Early access begins H1 2026, with broadscale proteomics launching late 2026, supported by $168.5M cash runway.
- **Market Validation**: 250+ customer interviews confirm Nautilus' iterative mapping as a disruptive, premium solution over mass spectrometry.
- **Operational Efficiency**: Q3 2025 OpEx down 19% YoY to $15.5M, with disciplined spending extending cash runway to 2027.
- **Commercial Momentum**: Collaborations with top institutions (Allen, Buck) generate real-world data, positioning Nautilus for biomarker discovery in Alzheimer's.

**【CEO Summary Section】**
- **Scientific and Collaborative Progress**: Q3 2025 saw advancements in the Tau proteoform assay, with collaborations at the Allen Institute and Buck Institute generating real-world biological data. Dr. Birgit Schilling will present Nautilus-generated Tau data at the World HUPO Conference in November.
- **Platform Differentiation**: The iterative mapping method enables single-molecule proteoform resolution, validated by 250+ customer interviews that highlighted its superiority over mass spectrometry.
- **Operational Efficiency**: Q3 expenses decreased 19% YoY to $15.5M, extending cash runway to 2027. Early access for Tau begins H1 2026, with broadscale proteomics launching late 2026.

**【CFO Financial Commentary】**
- **Financial Health**: Q3 net loss of $13.6M reflects reduced R&D and G&A expenses. Cash balance of $168.5M supports commercialization efforts.
- **Cost Management**: Stock-based compensation and lab costs declined, with OpEx expected to rise post-2025 as commercial activities accelerate.
- **Revenue Outlook**: Early access engagements (H1 2026) focus on data generation for grants; limited revenue anticipated in 2026.

**【Q&A Key Highlights】**
- **OpEx Trajectory**: CFO Anna Mowry expects OpEx to increase post-Q3 2025 as commercialization ramps up, with no 2026 guidance yet.
- **Funnel Development**: CEO Sujal Patel detailed a two-phase early access launch (Tau H1 2026, broadscale H2 2026), with direct sales hires planned for Tau services.
- **Market Validation**: Customer willingness to pay a premium for iterative mapping validates Nautilus' premium positioning in proteomics.


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