Bruker Corporation - BRKR STOCK NEWS

Bruker (BRKR) has announced its participation in the 43rd Annual J.P. Morgan Healthcare Conference in San Francisco. The company will be represented by Frank Laukien (Chairman, President & CEO), Mark Munch (Executive Vice President & President of Bruker Nano Group), and Gerald Herman (Executive Vice President & CFO).

The presentation is scheduled for Monday, January 13th, 2025, at 3:45 PM Pacific Standard Time. Investors can access a live audio webcast through the company's investor relations website at ir.bruker.com. A replay will be available in the 'Events & Presentations' section for 30 days following the event.

Bruker (BRKR) responded to a U.S. District Court ruling in Delaware regarding patent infringement between NanoString and 10x Genomics. The Court upheld a jury's damages award of $31.6 million plus interest for GeoMx Digital Spatial Profiler products. The Court will grant an injunction against GeoMx products in the U.S., with exceptions for consumables sales to existing customers as of November 2023.

The ruling doesn't affect CosMx or nCounter product lines. GeoMx instrument revenue represents less than 0.2% of Bruker's total revenue. The company plans to seek a stay of the injunction and appeal the decision, maintaining that the patents in question are invalid and describe a different method than the GeoMx system.

Bruker (BRKR) faces a permanent injunction in Delaware's U.S. District Court regarding its GeoMx products, following a patent infringement lawsuit by 10x Genomics. The Court will enter the injunction in January 2025, prohibiting Bruker from making, selling, or offering GeoMx Digital Spatial Profiler products in the United States.

The Court affirmed the $31 million damages from the November 2023 jury verdict, plus supplemental damages and interest. Notably, existing GeoMx users who installed instruments before November 18, 2023, can continue purchasing reagents for ongoing research. The jury found that the GeoMx products willfully infringed seven patents licensed to 10x Genomics by Prognosys.

Bruker announces the installation of a 1.2 GHz Ascend™ Nuclear Magnetic Resonance (NMR) spectrometer at the Swiss High-field NMR Facility, jointly operated by the University of Basel, ETH Zürich, and the University of Zürich. This is Switzerland's second 1.2 GHz NMR, complementing existing equipment including an 800 MHz NMR in Basel.

The new instrument will enhance research capabilities in structural biology and macromolecular analysis, specifically enabling detailed studies of G protein-coupled receptors (GPCRs), intrinsically disordered proteins, and RNA research. The facility will support various applications including protein structure determination, dynamics measurement, ligand binding studies, and protein-protein interaction analysis.

Bruker (Nasdaq: BRKR) has launched the Dimension Nexus™ atomic force microscope (AFM) at the 2024 MRS Fall Meeting & Exhibit. This latest addition to the Dimension® AFM product line features the new-generation NanoScope® 6 controller and provides access to Bruker's exclusive PeakForce Tapping® technology along with over 50 AFM modes.

The small-footprint system is designed for both growing labs and multi-user facilities, offering upgradability and enhanced ease of use. The Dimension Nexus joins Bruker's successful product line, which has over 4,600 installations worldwide. Its compact and upgradable nature, combined with large-sample capabilities, makes it particularly suitable for multi-user laboratories where space and varying expertise levels are key considerations.

Bruker (BRKR) has announced a quarterly cash dividend payment of $0.05 per share on its common stock. The dividend will be distributed on December 16, 2024 to shareholders who are recorded as stockholders as of December 2, 2024. This decision was approved by the company's Board of Directors.

Bruker (BRKR) has announced its participation in three upcoming investor conferences. Executive Vice President & CFO Gerald Herman will represent the company at the Stifel 2024 Healthcare Conference in New York on November 18, the Wolfe Research 2024 Healthcare Conference in New York on November 19, and the Nasdaq 51st Investor Conference in London on December 10, 2024.

Live audiovisual webcasts will be available on Bruker's Investor Relations website, with replays accessible for 90 days after the events.

Bruker (NASDAQ: BRKR) has announced EpicIF, a breakthrough technology for their CellScape Spatial Proteomics platform. This enhancement expands compatible fluorophore conjugated antibodies by nearly 10-fold and increases throughput up to 2-fold while maintaining tissue integrity. The technology combines a proprietary reagent with visible light to erase fluorescence signals from almost any fluorophore.

Alongside EpicIF, Bruker is releasing new CellScape Navigator software with an improved user interface. Both upgrades will be available for existing CellScape instruments, offering enhanced flexibility in multiplexed immunofluorescence experiments and compatibility with additional fluorescent readouts like RNA-ISH.

Bruker (BRKR) reported Q3 2024 revenues of $864.4 million, up 16.4% year-over-year, with organic revenue growth of 3.1%. The company's GAAP diluted EPS was $0.27, while non-GAAP diluted EPS reached $0.60. Despite posting double-digit CER revenue growth, Bruker lowered its FY2024 guidance due to biopharma and China recovery delays. The updated guidance projects revenue between $3.34 to $3.37 billion, implying organic revenue growth of 3-4%, and non-GAAP EPS of $2.36-$2.41.