Standard BioTools Inc.
1.2700-0.05 (-3.79%)
Oct 28, 4:00:00 PM EDT · NasdaqGS · LAB · USD
Key Stats
Market Cap
485.13MP/E (TTM)
-Basic EPS (TTM)
-0.37Dividend Yield
0%Recent Filings
8-K
Restructuring cuts 15% workforce
Standard BioTools Inc. launched a restructuring plan on September 13, 2025, cutting about 15% of its global workforce to boost efficiency and trim costs amid steady revenue forecasts. The move targets lower operating expenses while advancing long-term strategy. Severance costs hit $7.5 million, payable over coming months. Reductions risk hurting sales and development.
8-K
R&D consolidation and layoffs
Standard BioTools Inc. announced on August 28, 2025, a restructuring to consolidate its South San Francisco R&D into its Singapore facility, co-locating with manufacturing, alongside a reduction-in-force targeting U.S. R&D employees, including management. This aims to cut operating expenses and boost efficiency in line with long-term strategy. Expected costs hit $3.6 million, mostly cash severance over coming months, yet actuals could vary. Reductions risk hurting sales and development.
10-Q
Q2 FY2025 results
Standard BioTools posted Q2 revenue of $21.8M, down 3% y/y but up 1% q/q (derived), as consumables climbed 18% y/y to offset a 26% drop in instruments from softer CyTOF XT demand; gross margin expanded to 48.8% from 46.1% y/y on better mix. Operating loss narrowed to $25.7M from $30.3M y/y, fueled by 14% lower R&D and 70% fewer restructuring charges, though SG&A rose 13% from stranded costs post-SomaScan carve-out. Diluted EPS from continuing operations improved to -$0.05 from -$0.07 y/y, aligning with 380K weighted shares. Cash and equivalents stood at $158.6M with $78.5M in short-term investments, no debt, and free cash flow negative at -$57.9M (derived) amid $51.0M operating burn. On June 22, 2025, the company inked a deal to sell its SomaScan proteomics unit to Illumina for up to $425M cash plus royalties, eyeing a H1 2026 close pending HSR antitrust review. Litigation over past mergers lingers as a drag.
8-K
SomaLogic sale unlocks $425M
Standard BioTools reported Q2 2025 revenue from continuing operations of $21.8 million, down 3% year-over-year, amid U.S. academic funding pressures, yet consumables surged 18% to $10.5 million across product lines. The company announced selling SomaLogic to Illumina for up to $425 million in cash plus royalties, expected to close in H1 2026, boosting cash to at least $550 million for inorganic growth. It targets adjusted EBITDA break-even in 2026. Deal timing risks loom.
8-K
Exec retention via RSUs
Standard BioTools Inc. approved hefty RSU retention awards on July 29, 2025, effective August 1, to lock in CEO Michael Egholm with 3 million units—25% vesting in 2026, the rest annually—and CFO Alex Kim with 1.5 million units, 40% in mid-2026 and 60% in 2027. These tie to continued employment under the 2011 Equity Incentive Plan and change-of-control protections. Retention signals confidence amid biotech pressures. Kim's bonus target also rose to 80% of base salary retroactive to January 2025.
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