The following is a summary of the Alpha Teknova, Inc. (TKNO) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Alpha Teknova's Q1 2024 revenue showed a marginal 2% growth to $9.3 million over the previous year, with a notable 7% increase in Clinical Solutions.

• The company's gross profit for Q1 2024 was $2.2 million with a gross margin of 23.8%, slightly down from 26.6% in Q1 2023 due to increased overheads.

• The net loss for Q1 2024 narrowed to $8.1 million or $0.20 per diluted share from $8.8 million or $0.31 per diluted share in Q1 2023.

Business Progress:

• Alpha Teknova started 2024 strong, focusing on producing critical reagents for the life sciences industry to expedite the introduction of innovative therapies and diagnostics.

• Significant growth in work orders was seen in the new facility, accompanied by successful product launches of AAV-Tek AAV Stabilizer and Build-Tek.

• The company notes increased interaction with customers and anticipates continuous improvement in gross margins and revenue.

• The company also showcased growth in customer base, particularly in Clinical Solutions and Lab Essentials, giving an optimistic outlook for the future.

More details: Alpha Teknova IR

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