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Bruker (Nasdaq: BRKR) will host an Investor Webinar on May 17, 2024, from 10 am to 12 noon EDT. The webinar will cover Bruker’s three recent acquisitions: Chemspeed, ELITech, and the NanoString business. Presentations will be given by CEO Frank H. Laukien, CFO Gerald Herman, and leaders of the new acquisitions. A medium-term financial outlook update will also be provided. The event will include a live Q&A session for analysts and investors. Webinar access details will be available on Bruker’s Investor Relations website, with a replay available post-event.
Bruker (Nasdaq: BRKR) has announced that its Board of Directors has approved a quarterly cash dividend of $0.05 per share.
The dividend will be paid on June 17, 2024, to stockholders who are on record as of June 3, 2024.
Bruker (Nasdaq: BRKR) will host an Investor Webinar on May 17, 2024, to discuss recent acquisitions and provide a financial outlook. The webinar will feature presentations by company executives and leaders of the acquired businesses.
Bruker announced that the German Federal Patent Court ruled in favor of NanoString Technologies Germany GmbH by invalidating a patent asserted by 10x Genomics in Germany. This legal win allows NanoString, now a Bruker business, to seek an end to the injunction impacting sales of CosMx SMI products in Germany. The ruling is a significant victory for NanoString and Bruker, enabling a re-leveling of the playing field in the research tools industry in Germany.
Bruker has completed the acquisition of NanoString Technologies, Inc., for approximately $392.6 million, acquiring assets such as nCounter®, GeoMx®, CosMx™, and AtoMx™ product lines. The acquisition aims to enhance gene expression analysis and spatial transcriptomics for research purposes. NanoString generated revenues of $168 million in 2023 and has been important in supporting discovery, translational, and pre-clinical disease research with over 7,000 publications.
Bruker has completed the acquisition of ELITechGroup for €870 million in cash, excluding the clinical chemistry business, becoming a leading infectious disease specialist in the in-vitro diagnostics market. ELITech offers innovative sample-to-answer systems and assays for molecular diagnostics, with FY 2023 revenue of approximately EUR 150 million.
Bruker (BRKR) reported strong Q1 2024 financial results with revenues of $721.7 million, up 5.3% yoy. GAAP EPS was $0.35, non-GAAP EPS $0.53. FY 2024 guidance raised to $3.29-$3.35 billion, implying 11%-13% yoy growth. Acquisition of ELITech expected to boost revenue and EPS.
