EarningsEBITDA misses again on mix, startup costs & RD/collab investments.
Financial PerformanceBiologics Safety Testing fell ~5% year-over-year and ~18% quarter-over-quarter, to $14.9M, with the revenue shortfall attributed to disappointing China performance.
ProfitabilityAdjusted EBITDA was below the model and the 2024 adjusted EBITDA outlook was lowered, though 2024 revenue guidance was maintained.