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) is a life sciences company focused on cold-chain sample management and multiomics services. News about AZTA often centers on how its sample management solutions, biorepository network and genomic services support drug development, clinical research and advanced cell therapies for pharmaceutical, biotech, academic and healthcare institutions.
On this page, readers can follow company announcements related to financial results, segment performance in Sample Management Solutions and Multiomics, and updates on margin trends and cost structure. Earnings releases and accompanying commentary provide insight into revenue contributions from products and services, as well as the company’s efforts to streamline operations and refine its portfolio.
Azenta’s news flow also includes strategic transactions and capital allocation decisions, such as the definitive agreement to sell its B Medical Systems business and the authorization of a share repurchase program. These items illustrate how the company prioritizes core capabilities and balances investment in growth with returning capital to shareholders.
Another key theme in AZTA news is partnerships and collaborations. Recent releases describe Azenta’s role in supporting the PRECEDE Foundation’s pancreatic cancer early detection efforts through secure sample storage, and its collaboration with Frenova and Nephronomics, where GENEWIZ by Azenta provides genomic sequencing and Azenta manages long-term sample storage for a large kidney disease research program.
Investors and researchers can use this news feed to monitor developments in Azenta’s sample management and multiomics businesses, track major collaborations and stay aware of governance and shareholder-related events such as investor days, conference participation and annual meeting information.
Azenta, Inc. (Nasdaq: AZTA) announced its participation in two investor conferences in March 2023. The first event is the Cowen 43rd Annual Health Care Conference in Boston, MA, on March 7th, featuring a presentation at 12:50 pm ET. The second is the Barclays Global Healthcare Conference in Miami, FL, on March 15th, with a presentation starting at 3:35 pm ET. Investors can access the live webcasts via the Azenta investor relations website, with replays available thereafter. Azenta provides life sciences solutions, focusing on cold-chain sample management and genomic services for global healthcare institutions.
Azenta (NASDAQ: AZTA) has launched the Cryo Store Pico™, an automated cryogenic storage system aimed at high-value biological samples across various stages of life sciences. The Pico enhances sample integrity and regulatory compliance, offering features specifically tailored for cell and gene therapy developers. It facilitates controlled access and traceability while maintaining a compact design for clinical use. The product is now available for order and will be showcased at the SLAS 2023 International Conference in San Diego, CA. Azenta aims to speed up breakthroughs in life sciences with its innovative cryogenic solutions.
Ansa Biotechnologies has appointed Dr. Matthew F. McManus as Independent Director and Chairperson of its Board of Directors. Dr. McManus, who has extensive experience in the life sciences industry, was previously the EVP and COO at Azenta (NASDAQ:AZTA). He has held leadership roles at Bio-Techne and PrimeraDx, leading key transformations in the molecular diagnostics sector. His expertise is expected to enhance Ansa's growth, particularly in commercializing its proprietary DNA synthesis technology, which promises advancements in medicine, agriculture, and industrial biology.
Azenta, Inc. (Nasdaq: AZTA) will participate in the BTIG MedTech, Digital Health, Life Science & Diagnostic Tools Conference on February 15-16, 2023. Interested participants should contact their BTIG representative to attend. Azenta is recognized globally for providing life sciences solutions, facilitating faster market delivery of breakthroughs and therapies. Their comprehensive offerings include cold-chain sample management and genomic services, primarily serving pharmaceutical, biotech, academic, and healthcare institutions worldwide. The company is based in Burlington, MA, with operations spanning North America, Europe, and Asia.
Azenta, Inc. (Nasdaq: AZTA) reported Q1 2023 revenue of $178 million, a 28% year-over-year increase, driven by an 80% surge in Life Sciences Products revenue, thanks to the acquisition of B Medical. Organic revenue growth, excluding COVID impacts, stood at 7%.
Despite these gains, the company recorded a diluted EPS loss of ($0.15) and an operating loss of $28 million. Management aims to streamline operations for a projected 2% margin improvement in the second half of FY23. Guidance for Q2 2023 estimates revenue between $156 million and $171 million with a non-GAAP EPS forecast of (0.04) to 0.04.
Azenta, Inc. (Nasdaq: AZTA) is set to announce its fiscal first quarter 2023 earnings on February 8, 2023, after market close. The earnings period concluded on December 31, 2022. Following the announcement, the company will hold a conference call at 4:30 p.m. ET to discuss the financial results. Analysts and investors can dial in or access the live webcast via the Azenta website. Azenta, headquartered in Burlington, MA, provides life sciences solutions, including cold-chain sample management and genomic services, aiding pharmaceutical, biotech, and healthcare sectors globally.
Azenta, Inc. (NASDAQ: AZTA) has announced the acquisition of Ziath, Ltd., a leading provider of 2D barcode readers based in Cambridge, UK, enhancing Azenta's life sciences workflow solutions. This strategic acquisition is expected to improve offerings across the sample lifecycle, aligning with Azenta's current products. CEO Neil Benn will continue leading Ziath under Azenta’s umbrella. The transaction is anticipated to be accretive to non-GAAP earnings for FY 2023 and GAAP earnings for FY 2024, showcasing a promising financial outlook.
Azenta, Inc. (Nasdaq: AZTA) will participate in the 41st Annual J.P. Morgan Healthcare Conference on January 11, 2023, in San Francisco, CA. The management presentation is scheduled for 3:45 pm PST, and a live webcast will be accessible via the Azenta investor relations website. A replay will be available after the event. Azenta specializes in life sciences solutions, offering cold-chain sample management and genomic services to support drug development and clinical research globally.
Azenta, Inc. (Nasdaq: AZTA) announced its participation in the 25th Annual Needham Growth Conference on January 11, 2023, in New York, NY. The presentation will begin at 11:00 am ET and can be accessed via a live webcast on Azenta's investor relations website. Following the event, a replay will be available. Azenta is known for providing life sciences solutions, including cold-chain sample management and genomic services, aimed at accelerating breakthroughs in drug development and advanced therapies.
Cabot Corporation (NYSE: CBT) announced the promotion of three senior leaders to Executive Vice President: Hobart C. Kalkstein, Erica McLaughlin, and Jeff Zhu. Kalkstein oversees the Reinforcement Materials Segment, McLaughlin serves as CFO and Head of Corporate Strategy, and Zhu directs the Performance Chemicals Segment. CEO Sean Keohane praised their significant contributions and expressed excitement about their expanded roles in driving the company's growth strategy. This leadership enhancement is seen as a strategic move to bolster Cabot's performance and sustainability initiatives.
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