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Singular Genomics Systems, Inc. - OMIC STOCK NEWS

Welcome to our dedicated page for Singular Genomics Systems news (Ticker: OMIC), a resource for investors and traders seeking the latest updates and insights on Singular Genomics Systems stock.

Singular Genomics Systems, Inc. is a pioneering life science technology company headquartered in La Jolla, California. Positioned in the heart of the biotech hub near the Pacific Ocean, Singular Genomics is surrounded by prestigious institutions such as the Salk Institute, Scripps, Sanford Burnham, and UCSD. The company is at the cutting edge of genomics, one of the world's fastest-growing industries, and boasts a dynamic and fast-paced work environment that encourages innovation and results.

Singular Genomics is committed to advancing science and medicine through the development of next-generation sequencing (NGS) and multiomics technologies. Their product portfolio includes the G4 Sequencing Platform and the PX Integrated Solution, each designed to cater to distinct market needs. The G4 Sequencing Platform targets the NGS market, while the PX Integrated Solution focuses on single-cell, spatial analysis, and proteomics markets. These products are applicable in diverse fields such as oncology, immunology, neurology, genetic diseases, infectious diseases, and the human microbiome.

The company also recently introduced the G4X™ Spatial Sequencer, a high-throughput in situ spatial sequencing platform capable of direct RNA sequencing, targeted transcriptomics, proteomics, and fluorescent H&E staining from formalin-fixed, paraffin-embedded (FFPE) tissues. This upgrade to the G4 Sequencing Platform marks Singular Genomics as the only company worldwide to offer capabilities for tissue-based in situ spatial multiomics and NGS on the same instrument.

Singular Genomics prides itself on its strong culture of collaboration and innovation. The company offers competitive benefits, including free gym memberships, a 401k plan, flexible vacation policies, and equity incentives, allowing employees to grow alongside the company. The firm’s mission is to empower researchers and clinicians to advance science and medicine, driving forward the potential of genomics to improve human health.

In recent developments, Singular Genomics' management participated in a panel discussion titled “Emerging Life Science Technologies Across Genomics and Proteomics.” This event highlighted their ongoing commitment to innovation and collaboration within the field. The company continues to make significant strides with the G4X system, which promises unprecedented throughput and capabilities for spatial profiling of tissue, further cementing its role as a leader in genomics technology.

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Singular Genomics Systems, Inc. (Nasdaq: OMIC) reported strong financial results for the fourth quarter and full year ended December 31, 2023. The company generated revenue of $1.1 million in Q4 2023, representing a 41% growth compared to the prior year. They shipped eight G4 systems in Q4, bringing the total to 24 commercial systems. Singular Genomics unveiled the G4X Spatial Sequencer, offering high-throughput in situ spatial sequencing capabilities. The G4X is expected to enhance sample throughput, reduce turnaround time, and lower costs. The company also announced updates to the G4 benchtop sequencing system and showcased Singular Connect, a web-based application for real-time monitoring.
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Singular Genomics Systems, Inc. (Nasdaq: OMIC) will report financial results for Q4 and full year 2023 on March 18, 2024. The company utilizes next-gen sequencing and multiomics tech. Investors can join the conference call for insights.
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Singular Genomics Systems, Inc. (Nasdaq: OMIC) announced groundbreaking new products and capabilities at the AGBT conference, including the G4X Spatial Sequencer for in situ spatial sequencing, updates to the G4 Sequencing Platform, and new programs and promotions for its product portfolio. The company also revealed plans to enter the clinical sequencing and spatial biology markets in 2024.
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Singular Genomics Systems, Inc. unveiled the G4X Spatial Sequencer, offering high-throughput in situ direct sequencing of RNA, targeted transcriptomics, and proteomics profiling from FFPE tissues. The G4X will be the industry's first dual-purpose instrument offering both traditional NGS and tissue-based spatial sequencing capabilities. With novel capabilities and unprecedented throughput, the G4X has the potential to open new areas of scientific discovery and accelerate research, positioning Singular as the only company worldwide to offer in situ spatial sequencing of tissues and NGS on the same instrument.
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Singular Genomics Systems, a company listed on Nasdaq under the ticker symbol OMIC, announced the shipment of eight G4 instruments in the fourth quarter of 2023. The preliminary unaudited revenue for the same period is expected to be approximately $1.0 million, reflecting a 31% growth compared to the fourth quarter of 2022. The company's Chairman and CEO, Drew Spaventa, expressed pride in the momentum built throughout 2023, highlighting the increase in the installed base of instruments and the launch of two new consumable kits. The company plans to aggressively build its installed base of instruments, introduce new products, and provide exceptional service to its customers in 2024. The full financial results for the fourth quarter and 2023 will be released in March 2024 after further internal review and audit by external auditors.
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Singular Genomics Systems, Inc. (Nasdaq: OMIC) reported financial results for Q3 2023, highlighting revenue of $0.5 million, shipment of five G4 systems, and cost-cutting measures. The company also launched Max Read flow cell kits for single cell sequencing and saw an increase in consumable kit orders. Operating expenses decreased, resulting in a net loss of $22.4 million. Singular Genomics aims to aggressively build its installed base and prioritize high-impact products on its product roadmap.
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Singular Genomics Systems, Inc. (Nasdaq: OMIC) will report financial results for Q3 2023 on November 14, 2023. The management will discuss the results during a conference call. Investors can listen to the call and access the webcast at investor.singulargenomics.com.
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Singular Genomics Systems to present at Gilmartin Group Emerging Growth Company Showcase
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Singular Genomics Systems, Inc. (Nasdaq: OMIC) reported recent corporate achievements and financial results for the second quarter ended June 30, 2023. The company highlighted significant advancements, including product launches, sales growth, and expanded commercial infrastructure. Financially, they generated $0.5 million in revenue and shipped three G4 systems in the second quarter of 2023. Operating expenses totaled $27.5 million, resulting in a net loss of $25.6 million. Cash, cash equivalents, and short-term investments totaled $206.7 million as of June 30, 2023.
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FAQ

What is the current stock price of Singular Genomics Systems (OMIC)?

The current stock price of Singular Genomics Systems (OMIC) is $19.55 as of December 20, 2024.

What is the market cap of Singular Genomics Systems (OMIC)?

The market cap of Singular Genomics Systems (OMIC) is approximately 50.7M.

What does Singular Genomics Systems, Inc. do?

Singular Genomics Systems, Inc. develops next-generation sequencing and multiomics technologies to empower researchers and clinicians in advancing science and medicine.

Where is Singular Genomics Systems, Inc. located?

The company is headquartered in La Jolla, California, within the biotech hub near the Pacific Ocean.

What are some of the key products offered by Singular Genomics?

Singular Genomics offers the G4 Sequencing Platform and the PX Integrated Solution, targeting NGS and single-cell, spatial analysis, and proteomics markets, respectively.

What is the G4X™ Spatial Sequencer?

The G4X™ Spatial Sequencer is a high-throughput in situ spatial sequencing platform capable of direct RNA sequencing, targeted transcriptomics, proteomics, and fluorescent H&E staining.

What markets do Singular Genomics' products serve?

Their products serve various markets, including oncology, immunology, neurology, genetic diseases, infectious diseases, and the human microbiome.

What are some benefits offered to employees at Singular Genomics?

Employees enjoy benefits such as free gym memberships, a 401k plan, competitive health benefits, flexible vacation policies, and equity incentives.

What recent event did Singular Genomics' management participate in?

They participated in a panel discussion titled 'Emerging Life Science Technologies Across Genomics and Proteomics,' highlighting their ongoing commitment to innovation.

How is Singular Genomics contributing to scientific advancements?

By developing cutting-edge sequencing technologies and collaborating with leading institutions, Singular Genomics accelerates research and discovery in various scientific fields.

What makes the G4X system unique?

The G4X system offers unprecedented throughput and the ability to perform in situ spatial multiomics and NGS on the same instrument, positioning Singular Genomics as an industry leader.

Where can investors find more information about Singular Genomics?

Investors can visit Singular Genomics’ official website at www.singulargenomics.com or contact their investor relations team for more information.

Singular Genomics Systems, Inc.

Nasdaq:OMIC

OMIC Rankings

OMIC Stock Data

50.69M
2.11M
13.9%
60.22%
2.85%
Medical Instruments & Supplies
Laboratory Analytical Instruments
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United States of America
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