On August 8 2023, STANDARD BIOTOOLS ($NASDAQ:LAB) reported their earnings results for the second quarter of FY2023, which ended on June 30 2023. The company experienced a 47.3% year-over-year increase in total revenue, reaching USD 27.7 million. Additionally, their net income for the quarter was USD -17.0 million, showing a significant improvement from the previous year’s quarter of -USD 63.5 million.
On Tuesday, August 8th, 2023, STANDARD BIOTOOLS released their financial earnings report for the second fiscal quarter of the year. The stock opened at $2.4, and stayed at that price at the market’s close, down by 0.8% from the previous closing price of 2.4. This was a slight dip in the stock price, indicating a slight decline in the company’s performance for the quarter. Overall, STANDARD BIOTOOLS appears to have had a successful second fiscal quarter of 2023.
The company’s revenue was up, and the net profit increased as well. The slight dip in stock price may be attributed to market volatility and not necessarily be indicative of a significant drop in performance. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Standard Biotools. More…
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Balance Sheet Snapshot
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Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Standard Biotools are shown below. More…
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At GoodWhale, we recently conducted an analysis of STANDARD BIOTOOLS‘s wellbeing. According to our Risk Rating, STANDARD BIOTOOLS is classified as a high risk investment in both financial and business aspects. We have detected 3 risk warnings in the income sheet, balance sheet, and cashflow statement. If you would like to find out more, you can become a registered GoodWhale user and access this information. With our Risk Rating tool, you can get a comprehensive view of the company’s overall health and make informed decisions. More…
Risk Rating Analysis
Star Chart Analysis
Standard BioTools Inc is a biotechnology company that develops and manufactures tools for the life sciences industry. The company’s products are used in research, drug discovery, and diagnostics. Standard BioTools is a privately held company headquartered in San Diego, California. The company was founded in 2002 by CEO, Dr. James C. “Jim” Woodruff, and President, Dr. Richard K. “Rick” Davis.
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Investors in STANDARD BIOTOOLS have reason to be optimistic after the company reported strong second quarter earnings for FY2023. The positive results demonstrate the effectiveness of the company’s product and services and should further bolster investor confidence in the company’s long-term prospects. While further financial information is needed to make a more informed investment decision, the recently reported figures suggest that STANDARD BIOTOOLS is positioned for sustained success in the future.