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Singular Genomics Systems, Inc. - $OMIC STOCK NEWS

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Singular Genomics Systems, Inc. (Nasdaq: OMIC) will announce its first quarter 2024 financial results on May 14, 2024, after the market closes. The company focuses on next-generation sequencing and spatial multiomics technologies. The management will host a conference call to discuss the results. Investors can join the call or access the webcast on investor.singulargenomics.com.

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Rhea-AI Summary
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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Rhea-AI Summary
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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3.39%
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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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Singular Genomics Systems, Inc.

Nasdaq:OMIC

OMIC Rankings

OMIC Stock Data

31.93M
51.02M
13.94%
48.39%
0.99%
Analytical Laboratory Instrument Manufacturing
Manufacturing
Link
United States of America
SAN DIEGO

About OMIC

singular genomics is a venture capital backed biotech company in la jolla, california. we foster a dynamic, fast paced, result oriented environment where we offer employees the opportunity to make a significant impact in a rapidly expanding company. singular genomics is inventing at the forefront of genomics, one of the world’s fastest growing industries. we are located in the center of the biotech hub on the torrey mesa close to the pacific ocean and next door to prestigious institutions like the salk institute, scripps, sanford burnham, and ucsd. we offer free gym membership, 401k plan, competitive health benefits, flexible vacation, and equity incentives, so you can grow as the company grows. we are working to accelerate genomics for the advancement of science and medicine and are passionate about the potential of genomics for improving human health.