10X Genomics, Inc. Stock Price, News & Analysis

10x Genomics (TXG) reported third-quarter 2021 revenue of $125.3 million, marking a 74% increase from the previous year and an 8% rise sequentially. The company launched the Chromium X instrument and increased its installed base, contributing to higher consumables revenue. Operating expenses decreased to $116.7 million, down 5% year-over-year, primarily due to lower R&D expenses. The operating loss improved to $15.9 million from $65.3 million in Q3 2020. Net loss narrowed to $17.2 million compared to $65.8 million a year prior. 2021 revenue guidance was revised to $490-$500 million, indicating 64%-67% growth.

10x Genomics (Nasdaq: TXG) will report its third quarter 2021 financial results after market close on November 3, 2021. Management will host a conference call at 1:30 p.m. PT to discuss the results and future business outlook. The call will be accessible via a live webcast on the company’s website, which will also archive the event for 45 days.

10x Genomics focuses on life science technology, providing integrated solutions for biological analysis, adopted by leading global research institutions and cited in over 2,800 research papers.

10x Genomics (Nasdaq: TXG) will participate in the Morgan Stanley 19th Annual Global Healthcare Conference on September 13th at 2:45 p.m. ET. The presentation will be accessible via a live and archived webcast through the company’s Investors’ section. 10x Genomics is a leader in life science technology, providing innovative solutions for analyzing biological systems. Their products are recognized globally, with over 2,800 research citations and a strong patent portfolio of more than 1,150 patents and applications.

10x Genomics, Inc. (Nasdaq: TXG) has announced its participation in the UBS Genomics 2.0 and MedTech Innovations Summit, scheduled for August 10, 2021, at 6:00 p.m. Eastern Time. A live and archived webcast of the presentation will be available on the company’s website in the 'Investors' section. 10x Genomics specializes in life science technology, providing integrated solutions for biological system analysis, with over 1,150 patents and applications. Their products are widely used in top global research institutions and pharmaceutical companies.

10x Genomics, Inc. (TXG) reported Q2 2021 revenues of $115.8 million, marking a 170% increase year-over-year and a 9% increase sequentially. This growth was driven by higher consumables revenue amid decreased pandemic impacts. The company launched Chromium X and began shipping Visium Spatial Gene Expression for FFPE. Gross margin improved to 96% due to a reversal of $14.7 million in accrued royalties linked to a settlement with Bio-Rad. While operating expenses rose to $121.3 million, the operating loss decreased to $10.3 million. Full-year revenue guidance of $480 million to $500 million remains unchanged.

10x Genomics, Inc. (Nasdaq: TXG) announced a global settlement and cross-license agreement with Bio-Rad Laboratories, resolving all ongoing litigation. The agreement provides both companies a non-exclusive, royalty-bearing license for single cell analysis products, excluding spatial and digital PCR products. 10x Genomics has invested nearly $1 billion in R&D, resulting in over 1,100 patents, underscoring the strength of its innovation. The settlement eliminates legal disputes, allowing both companies to focus on product development and market growth.

10x Genomics announces the launch of its new Chromium X Series, a state-of-the-art platform for single cell analysis that enables routine experiments involving millions of cells at just two cents per cell. This innovative series includes the Chromium X and Chromium iX, facilitating seamless upgrades for expanding research projects. The Chromium X is designed to support various applications, including drug screening and biomarker identification. Available for pre-order, it is expected to ship later this quarter.

10x Genomics (Nasdaq: TXG) will report its Q2 2021 financial results on August 4, 2021, after market close. A conference call will follow at 1:30 p.m. PT to discuss the results and company outlook. The event will be accessible via live webcast, archived for 45 days. 10x Genomics focuses on technologies for biological analysis, with a portfolio of over 1,100 patents and products used by top global research institutions and pharmaceutical companies. The company emphasizes its commitment to advancing human health through innovative solutions.