Welcome to our dedicated page for Azenta news (Ticker: AZTA), a resource for investors and traders seeking the latest updates and insights on Azenta stock.
Azenta Inc (NASDAQ: AZTA) generates news through quarterly earnings releases that detail performance across its Sample Repository Solutions and Genomic Services businesses. These reports reveal how pharmaceutical industry R&D spending patterns affect demand for automated storage systems and contract laboratory work. Investors track revenue breakdowns by segment and geography to understand which parts of the life sciences tools market drive growth.
The company announces partnerships with pharmaceutical firms, biotechnology companies, and research institutions that adopt Azenta's cold-chain storage infrastructure or contract sequencing services. Product launches introducing new automated storage capabilities or expanded genomic analysis offerings signal technology investments. Regulatory approvals for clinical sample storage facilities in new countries indicate geographic expansion supporting multinational drug development programs.
Strategic developments including acquisitions of complementary laboratory service providers or sample management technology companies shape Azenta's competitive position within the life sciences tools sector. Share repurchase authorizations and capital allocation decisions reflect management's financial strategy. Industry analysts cover Azenta as a proxy for pharmaceutical innovation activity, since drug development programs require the sample storage and genomic services the company provides.
This page aggregates real-time news coverage of Azenta's business developments, competitive positioning, and market dynamics affecting the life sciences tools industry. Bookmark this resource to monitor how shifts in pharmaceutical R&D investment and biotechnology funding impact Azenta's two operating segments.
Azenta, Inc. (NASDAQ: AZTA) reported its Q3 2022 financial results, revealing a revenue of $133 million, a 3% increase year-over-year but a 9% decline sequentially. The diluted EPS from continuing operations was ($0.09), a decrease from the prior quarter. Life Sciences Services achieved a 6% year-over-year increase, driven by storage solutions, despite a decline in Life Sciences Products. The company ended the quarter with $2.5 billion in cash, highlighted by acquisitions of Barkey and B Medical Systems. Q4 2022 revenue guidance is set between $131 million and $141 million.
Azenta, Inc. (Nasdaq: AZTA) has announced a definitive agreement to acquire B Medical Systems for approximately €410 million, with potential additional payments of up to €50 million upon performance milestones. This acquisition, expected to close in October 2022, enhances Azenta's cold chain solutions, particularly in vaccine storage and transportation—targeting growing emerging markets. B Medical reported approximately €109 million in revenue in the past twelve months. The deal is anticipated to benefit Azenta's earnings in fiscal years 2023 and 2024.
Azenta, Inc. (Nasdaq: AZTA) will participate in the UBS Genomics 2.0 and MedTech Innovations Summit on August 11, 2022, starting at 4:00 pm PT. The presentation will be available via live webcast on Azenta's investor relations website. A replay will be accessible after the event. Azenta is a global provider of life sciences solutions, focusing on cold-chain sample management and genomic services across drug development and clinical research. The company, previously known as Brooks Automation, changed its name and ticker on December 1.
Azenta, Inc. (Nasdaq: AZTA) reported preliminary third-quarter results for fiscal 2022, ending June 30. The revenue is projected at $133 million, a 3% increase year-over-year, with 6% organic growth after currency adjustments. GAAP diluted EPS is estimated between ($0.13) and ($0.08), primarily due to tax impacts, while non-GAAP diluted EPS is expected between $0.08 and $0.12. The Services segment revenue is projected at $85 million, with 6% growth, whereas the Products segment is at $47 million, reflecting a 3% decrease year-over-year.
Azenta, Inc. (Nasdaq: AZTA) has successfully completed its acquisition of Barkey Holding GmbH, a renowned provider of controlled rate thawing devices for medical and biotech sectors. This strategic move enhances Azenta's cold chain capabilities and broadens its customer base in the growing cell and gene therapy market, which currently serves over 100 clients. The acquisition is expected to provide significant synergies by extending Azenta's service offerings across all development and commercialization phases. As of December 1, 2021, Azenta changed its name and ticker from Brooks Automation, Inc. (Nasdaq: BRKS).
Azenta, Inc. (Nasdaq: AZTA) has announced a definitive agreement to acquire Barkey Holding GmbH, a leading provider of controlled rate thawing devices for the medical industry, for approximately €80 million. The acquisition is expected to close in early July 2022 and will enhance Azenta's cold chain product offerings in the growing cell and gene therapy market. Barkey generated around €17 million in revenue over the past year and will add significant capabilities to Azenta's operations. The acquisition is anticipated to be accretive to non-GAAP earnings immediately and to GAAP earnings within a year.
Azenta, Inc. (Nasdaq: AZTA) will participate in the Jefferies Healthcare Conference in New York City on June 9, 2022, with a presentation scheduled for 3:30 PM ET. The event will be available via live webcast on Azenta's investor relations website, with a replay accessible afterward.
As a provider of life sciences solutions, Azenta focuses on cold-chain sample management and genomic services, aiding drug development and clinical research. The company rebranded from Brooks Automation, Inc. on December 1, 2021.
Azenta, Inc. (Nasdaq: AZTA), a leading provider of life sciences solutions, will participate in the UBS Global Healthcare Conference on May 24, 2022, at 2:45 pm ET. The live presentation can be accessed via the investor relations website. Azenta, previously known as Brooks Automation, provides essential cold-chain sample management and genomic services, supporting drug development and advanced therapies across various sectors.
Azenta, Inc. (Nasdaq: AZTA) reported preliminary Q2 results for the period ended March 31, 2022. Revenue from continuing operations reached $146 million, reflecting a 12% year-over-year increase. Life Sciences Services showed significant growth of 19%, primarily in Sample Repository Solutions and Genomics Services. However, the company posted a diluted EPS from continuing operations of ($0.02), down from $0.04 the previous quarter, and operating losses totaled $5 million. Azenta anticipates Q3 revenue between $140 million to $150 million.
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