10x Genomics is witnessing a surge in share prices driven by increased market interest and recent product innovations. The growing demand for genomic research tools is anticipated to enhance sales forecasts, positioning TXG favorably for future growth.
TXG reported Q4 EPS loss of $(0.40), missing estimates. Sales decreased 10% year-over-year but beat expectations at $165.02 million. Gross margin rose to 67% due to favorable product mix changes. Guidance for FY 2025 sales is lower than consensus at $610-$630 million. Analysts hold mixed ratings, with two downgrades and one maintained Buy.
TXG reported a Q3 loss of 30 cents per share, better than expected. Quarterly sales were $151.654 million, missing estimates of $158.632 million. TXG reduced FY24 revenue guidance to $595-$605 million, down from $640 million. Analysts adjusted price targets, with mixed sentiments on the stock's future. Despite challenges, CEO remains optimistic about future customer outreach and execution.