Financial PerformanceRepligen delivered 3Q24 revenue of $155M, beating consensus expectations of $153M, with gross margin at 50.7%, exceeding consensus expectations of 49.5%.
Growth OutlookRGEN still expects 5-10% above market average growth, with a focus expected to shift toward growth as trends improve and worst fears tied to CEO transition are off the table.
Product InnovationRGEN has maintained a steady cadence of around 10 new product launches per year across its portfolio, with new products significantly contributing to revenue growth.