Annuncio • May 14
MaxCyte, Inc. Reiterates Earnings Revenue Guidance for the Full Year 2026 MaxCyte, Inc. reiterated earnings revenue guidance for the full year 2026. For the full year, the company revenue expected to be $30 million to $32 million. Annuncio • May 13
MaxCyte, Inc. (NasdaqGS:MXCT) announces an Equity Buyback for $10 million worth of its shares. MaxCyte, Inc. (NasdaqGS:MXCT) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its common stock. The program is valid for 1 year. Annuncio • May 03
MaxCyte, Inc., Annual General Meeting, Jun 17, 2026 MaxCyte, Inc., Annual General Meeting, Jun 17, 2026. Location: 9713 key west avenue, suite 400, md 20850, rockville United States Annuncio • Apr 30
MaxCyte, Inc. to Report Q1, 2026 Results on May 12, 2026 MaxCyte, Inc. announced that they will report Q1, 2026 results After-Market on May 12, 2026 Annuncio • Mar 23
MaxCyte, Inc. Appoints Parmeet Ahuja as Chief Financial Officer, Effective March 30, 2026 MaxCyte, Inc. announced that it has appointed Parmeet Ahuja as Chief Financial Officer, effective March 30, 2026. Mr. Ahuja succeeds Douglas Swirsky, who is transitioning from the role as previously announced in November 2025. Mr. Ahuja brings over 20 years of finance leadership experience across a global, publicly traded, life sciences organization, most recently serving as Vice President, Investor Relations at Agilent Technologies, where he worked closely with senior leadership to help shape and communicate the company’s narrative to analysts and investors. Previously, he held several leadership roles at Agilent in operational finance, financial planning and analysis, enterprise audit and controls, and global financial operations. Mr. Ahuja holds an MBA in Finance from San Jose State University and a Bachelor of Commerce in Accounting from Delhi University. Annuncio • Mar 21
MaxCyte, Inc. Announces Notice of Non-Compliance with Nasdaq Minimum Bid Price Requirement On March 16, 2026, MaxCyte, Inc. received notice from the Listing Qualifications staff of The Nasdaq Stock Market LLC that, because the closing bid price for the Company's common stock had fallen below $1.00 per share for 30 consecutive trading days, the Company no longer complies with the minimum bid price requirement for continued listing on the Nasdaq Global Select Market under Nasdaq Listing Rule 5450(a)(1). The Notice has no immediate effect on the listing of the Company's common stock on the Nasdaq Global Select Market, and the Company's common stock will continue to trade on the Nasdaq Global Select Market. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial compliance period of 180 calendar days, or until September 14, 2026, to regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of the Company's common stock must meet or exceed $1.00 per share for a minimum of 10 consecutive trading days prior September 14, 2026. If the Company does not regain compliance by September 14, 2026, the Company may be eligible for an additional 180 calendar day compliance period if it applies to transfer the listing of its common stock from the Nasdaq Global Select Market to the Nasdaq Capital Market. To qualify, the Company would be required to meet the continued listing requirement for the market value of its publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the minimum bid price requirement, and provide written notice of its intention to cure the minimum bid price deficiency during the second compliance period. As part of its review process, Nasdaq will make a determination as to whether it believes the Company will be able to cure this deficiency. If Nasdaq staff determines that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible for such additional compliance period, Nasdaq will provide notice that the Company's common stock will be subject to delisting. Upon receipt of such notice, the Company would have the right to appeal any determination to delist its common stock, and the common stock would remain listed on the Nasdaq Global Select Market until completion of the appeal process. There can be no assurance that the Company will be able to regain compliance with the minimum bid price requirement or will otherwise be in compliance with other applicable Nasdaq listing rules. Annuncio • Nov 13
MaxCyte, Inc. Announces Planned CFO Transition in 2026 MaxCyte, Inc. announced that Chief Financial Officer Douglas Swirsky has informed the Company of his decision to transition from his role in the first half of 2026. Mr. Swirsky and the Company are working closely to ensure a smooth and orderly transition, and he will remain Chief Financial Officer until a successor has been appointed. The Company has initiated a structured search process to identify Mr. Swirsky’s successor. Following the transition period, Mr. Swirsky will continue in an advisory capacity to support strategic initiatives and ensure continuity. Annuncio • Nov 05
MaxCyte, Inc. Reiterates Revenue Guidance for the Full Year 2025 MaxCyte, Inc. reiterated revenue guidance for the full year 2025. The company core revenue is expected to be flat to a 10% decline compared to 2024, inclusive of revenue from SeQure Dx. SPL Program-related revenue is expected to be approximately $5 million for the year. SPL-program related revenue guidance includes both expected revenue from pre-commercial milestone payments and commercial royalties/sales-based payments. Annuncio • Oct 08
MaxCyte, Inc. to Report Q3, 2025 Results on Nov 05, 2025 MaxCyte, Inc. announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Annuncio • Aug 07
MaxCyte, Inc. Lowers Earnings Guidance for the Year 2025 MaxCyte, Inc. lowered earnings guidance for the year 2025. For the year, Core revenue is expected to be flat to a 10% decline compared to 2024, inclusive of revenue from SeQure Dx. Annuncio • Jul 09
MaxCyte, Inc. to Report Q2, 2025 Results on Aug 06, 2025 MaxCyte, Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Annuncio • Jun 25
MaxCyte Shareholders Approves Common Stock Cancelation Date MaxCyte, Inc. provided further update with regards to the cancellation of admission of the Company's common stock ("Common Stock") to trading on AIM (the "Cancellation"), as approved by shareholders at the Annual General Meeting held on 18 June 2025. Shareholders are reminded that the last day of dealings in the Company's Common Stock on AIM will be 25 June 2025 and that the cancellation of their admission to trading on AIM will take place at 7:00 a.m. (UK time) on 26 June 2025. Following the delisting, there will be no public market in the United Kingdom on which the Common Stock can be traded, however the Company will retain its U.S. listing of Common Stock on the Nasdaq Global Select Market ("Nasdaq") under ticker symbol MXCT. Annuncio • May 08
MaxCyte, Inc. Reiterates Revenue Guidance for the Year 2025 MaxCyte, Inc. reiterated revenue guidance for the year 2025. For the year, the company reiterates core revenue is expected to grow 8% to 15% compared to 2024, inclusive of revenue from SeQure Dx. SPL Program-related revenue is expected to be approximately $5 million for the year. SPL-program related revenue guidance includes both expected revenue from pre-commercial milestone payments and commercial royalties/sales-based payments. Annuncio • Apr 17
MaxCyte, Inc., Annual General Meeting, Jun 18, 2025 MaxCyte, Inc., Annual General Meeting, Jun 18, 2025. Location: 9713 key west avenue, suite 400, rockville, 20850, maryland United States Annuncio • Apr 10
MaxCyte, Inc. to Report Q1, 2025 Results on May 07, 2025 MaxCyte, Inc. announced that they will report Q1, 2025 results After-Market on May 07, 2025 Annuncio • Mar 12
MaxCyte, Inc. Provides Revenue Guidance for the Year 2025 MaxCyte, Inc. provided revenue guidance for the year 2025. For the period, the company expects core revenue is expected to grow 8% to 15% compared to 2024, inclusive of revenue from SeQure Dx. SPL Program-related revenue is expected to be approximately $5 million for the year. SPL-program related revenue guidance includes both expected revenue from pre-commercial milestone payments and commercial royalties/sales-based payments. Annuncio • Feb 07
MaxCyte, Inc. to Report Q4, 2024 Results on Mar 11, 2025 MaxCyte, Inc. announced that they will report Q4, 2024 results at 4:30 PM, GMT Standard Time on Mar 11, 2025 Annuncio • Jan 30
MaxCyte, Inc. (AIM:MXCT) acquired SeQure Dx, Inc. for $7 million. MaxCyte, Inc. (AIM:MXCT) acquired SeQure Dx, Inc. for $7 million on January 30, 2025. Maxcyte paid a total consideration of $4.5 million at closing in cash for the entire issued share capital of SeQure DX on a cash free, debt free basis using Maxcyte’s existing cash resources and an additional amount of $2.5 million to be paid in contingent consideration if the SeQure exceeds certain revenue targets. For the period ending December 31, 2024, SeQure Dx, Inc. reported total revenue of $1.7 million and net loss of $6.5 million and total assets of $0.7 million.
MaxCyte, Inc. (AIM:MXCT) completed the acquisition of SeQure Dx, Inc. on January 30, 2025. Annuncio • Dec 23
MaxCyte, Inc. Announces Retirement of Board Member Art Mandell MaxCyte, Inc. announced that Art Mandell has retired from his position as a member of the Board of Directors of MaxCyte effective December 31, 2024. Mr. Mandell has served on the Board since 2006 and has been an integral part of MaxCyte’s growth and strategic direction. Upon Mr. Mandell’s retirement, MaxCyte will have nine directors. During Mr. Mandell’s tenure, MaxCyte has achieved significant milestones including its initial public offering on the UK AIM exchange and US Nasdaq Listing, the launch of its flagship ExPERT™ platform, signing 29 Strategic Platform Licenses with cell and gene therapy biotech companies and supporting the industry’s first, FDA-approved, CRISPR edited non-viral cell therapy. Annuncio • Dec 10
MaxCyte, Inc. Raises Revenue Guidance for 2024 MaxCyte, Inc. raised Revenue guidance for 2024. For the period, the company expects core business revenue of 6% to 8% growth compared to 2023. SPL Program-related revenue is expected to be approximately $6 million. The outlook for the full year does not include SPL Program-related revenue from Vertex/CRISPR’s CASGEVY. Reported Earnings • Nov 07
Third quarter 2024 earnings released: US$0.11 loss per share (vs US$0.11 loss in 3Q 2023) Third quarter 2024 results: US$0.11 loss per share (further deteriorated from US$0.11 loss in 3Q 2023). Revenue: US$8.16m (up 2.0% from 3Q 2023). Net loss: US$11.6m (loss widened 2.7% from 3Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Life Sciences industry in Europe. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 29% per year. Annuncio • Nov 07
MaxCyte, Inc. Updates Revenue Guidance for the Full Year 2024 MaxCyte, Inc. updated revenue guidance for the full year 2024. For the period, Company expects core business revenue of at least 5% growth compared to 2023. SPL Program-related revenue is expected to be approximately $6 million. The outlook for the full year does not include SPL Program-related revenue from Vertex/CRISPR’s CASGEVY. Annuncio • Oct 15
MaxCyte, Inc. Announces Appointment of Cynthia Collins as Non-Executive Director MaxCyte, Inc. announced the appointment of Cynthia Collins to the Company's Board of Directors as a non-executive director, effective October 14, 2024. Collins will serve on the board's compensation committee. Following her appointment, MaxCyte's total Board of Directors will increase to 10 members. Ms. Collins brings over 40 years of experience in the biotechnology industry and cell and gene medicines to MaxCyte, including her most recent role as Chief Executive Officer of Editas Medicine, where she was involved in dosing the first patient ever with an in-vivo gene modified therapy. Previously, Ms. Collins served as Chief Executive Officer of Human Longevity Inc., Chief Executive Officer/General Manager of General Electric Healthcare's Cell Therapy and Lab Businesses, and Chief Executive Officer of GenVec, Inc., a vaccine and gene therapy company. Currently, Ms. Collins serves as a member of the Board of Directors of several healthcare companies, including Alanis Therapeutics, Nutcracker Therapeutics, Poseida Therapeutics, Certara, DermTech, Draper Laboratory, and Panavance Therapeutics. She is also a board member of the Foundation for mRNA Medicines. Cynthia Collins holds a Bachelor of Science degree in Microbiology from the University of Illinois, Urbana and an MBA from The University of Chicago Booth School of Business. Cynthia Collins, was previously appointed as an independent director to the Board of DermTech, Inc. on May 24, 2018. On June 18, 2024, the Company filed for Chapter 11 bankruptcy. On August 21, 2024 the US Bankruptcy Court for the District of Delaware approved the sale of a substantial amount of DermTech Inc.'s assets through a court-supervised auction. Annuncio • Oct 11
MaxCyte, Inc. to Report Q3, 2024 Results on Nov 06, 2024 MaxCyte, Inc. announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Annuncio • Oct 10
MaxCyte, Inc. Appoints Ali Soleymannezhad as Chief Commercial Officer MaxCyte, Inc. announced the appointment of Ali Soleymannezhad as Chief Commercial Officer, effective as of September 11, 2024. In his new role, Mr. Soleymannezhad will lead MaxCyte’s commercial operations to increase adoption of the ExPERT Platform, provide best-in-class scientific, technical and regulatory support to customers, and expand the Company’s market impact in Cell and Gene Therapy. Prior to his role as Chief Commercial Officer, Mr. Soleymannezhad was the Executive Vice President of Bioprocessing, where he led global product development and marketing strategy for MaxCyte’s bioprocessing business. Mr. Soleymannezhad brings 20 years of technical sales, marketing, and product development experience to his new role. Prior to Executive Vice President of Bioprocessing at MaxCyte, he served as Executive Vice President for the Separations and Purification business at Tosoh Bioscience and oversaw a team of 140 employees across four global manufacturing, development, and commercial sites. Mr. Soleymannezhad was also Vice President of Global Marketing and Business Development and Director of Sales and Marketing-Americas at Tosoh and served on the board of Semba Biosciences. Reported Earnings • Aug 07
Second quarter 2024 earnings released: US$0.09 loss per share (vs US$0.10 loss in 2Q 2023) Second quarter 2024 results: US$0.09 loss per share (improved from US$0.10 loss in 2Q 2023). Revenue: US$10.4m (up 15% from 2Q 2023). Net loss: US$9.38m (loss narrowed 11% from 2Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Life Sciences industry in Europe. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Annuncio • Aug 07
MaxCyte, Inc. Reaffirms Revenue Guidance for the Full Year 2024 MaxCyte, Inc. reaffirmed revenue guidance for the full year 2024. The company affirmed 2024 revenue guidance for core business revenue and increases SPL Program-related revenue guidance. The company continues to expect full year 2024 core business revenue to be flat to 5% growth compared to 2023. SPL Program-related revenue is now expected to be approximately $6 million. The outlook for the full year does not include SPL Program-related revenue from Vertex/CRISPR’s CASGEVYTM. New Risk • Jul 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (US$42m net loss in 2 years). Annuncio • Jul 10
MaxCyte, Inc. to Report Q2, 2024 Results on Aug 06, 2024 MaxCyte, Inc. announced that they will report Q2, 2024 results at 4:30 PM, GMT Standard Time on Aug 06, 2024 Annuncio • Jul 03
MaxCyte, Inc.(NasdaqGS:MXCT) dropped from Russell 2500 Growth Index MaxCyte, Inc.(NasdaqGS:MXCT) dropped from Russell 2500 Growth Index Recent Insider Transactions • Jun 13
President recently bought €455k worth of stock On the 10th of June, Maher Masoud bought around 100k shares on-market at roughly €4.55 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Maher's only on-market trade for the last 12 months. New Risk • May 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.07% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.07% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (US$41m net loss in 2 years). Annuncio • May 09
Maxcyte, Inc. Affirms Revenue Guidance for the Full Year 2024 MaxCyte, Inc. affirmed revenue guidance for the full year 2024. The company affirmed 2024 revenue guidance for core business revenue and is increasing SPL Program-related revenue guidance. MaxCyte continues to expect full year 2024 core business revenue to be flat to 5% growth compared to 2023. SPL Program-related revenue is now expected to be approximately $5 million. The outlook for the full year does not include SPL Program-related revenue from Vertex/CRISPR’s CASGEVY™. Reported Earnings • May 08
First quarter 2024 earnings released: US$0.092 loss per share (vs US$0.11 loss in 1Q 2023) First quarter 2024 results: US$0.092 loss per share (improved from US$0.11 loss in 1Q 2023). Revenue: US$11.3m (up 32% from 1Q 2023). Net loss: US$9.53m (loss narrowed 13% from 1Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Life Sciences industry in Europe. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Annuncio • Apr 28
MaxCyte, Inc., Annual General Meeting, Jun 11, 2024 MaxCyte, Inc., Annual General Meeting, Jun 11, 2024, at 11:00 US Eastern Standard Time. Location: 9713 Key West Avenue, Suite 400 Rockville Maryland United States Agenda: To elect the Board’s three nominees as identified in the accompanying Proxy Statement as Class III directors: Will Brooke, John Johnston, and Richard Douglas; to approve an amendment to the MaxCyte, Inc. 2022 Equity Incentive Plan to increase the shares of the Company’s common stock issuable thereunder by 2,300,000 shares; to ratify the Audit Committee’s selection of CohnReznick LLP as the independent registered public accounting firm of the Company for its fiscal year ending December 31, 2024; and to conduct any other business properly brought before the meeting. Annuncio • Apr 11
MaxCyte, Inc. to Report Q1, 2024 Results on May 07, 2024 MaxCyte, Inc. announced that they will report Q1, 2024 results After-Market on May 07, 2024 Annuncio • Mar 14
MaxCyte, Inc. Reiterates Earnings Guidance for the Year 2024 MaxCyte, Inc. reiterated earnings guidance for the year 2024. Management is reiterating 2024 revenue guidance for core business revenue and SPL Program-related revenue. Management expects full year 2024 core business revenue to be flat to 5% growth compared to 2023, and SPL Program-related revenue is expected to be approximately $3 million. Outlook for the full year does not include SPL Program-related revenue from Vertex/CRISPR’s CASGEVYTM and reflects a difficult year-over-year comparison from a client milestone recognized in 2023 that was initially expected in 2024. Reported Earnings • Mar 13
Full year 2023 earnings released: US$0.37 loss per share (vs US$0.23 loss in FY 2022) Full year 2023 results: US$0.37 loss per share (further deteriorated from US$0.23 loss in FY 2022). Revenue: US$41.3m (down 6.7% from FY 2022). Net loss: US$37.9m (loss widened 61% from FY 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Life Sciences industry in Europe. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Annuncio • Mar 07
MaxCyte, Inc. Provides Revenue Guidance for the Fiscal Year 2023 and 2024 MaxCyte, Inc. provided revenue guidance for the fiscal year 2023 and 2024. For the year 2023, Company re-affirms total revenue to be between $41.1 million and $41.3 million, compared to $44.3 million for fiscal year 2022. Core revenue is expected to be between $29.6 million and $29.8 million, compared to $39.6 million for fiscal year 2022.For the Year 2024, Company expects Core revenue to be flat to 5% growth compared to 2023. Annuncio • Feb 10
MaxCyte, Inc. to Report Fiscal Year 2023 Results on Mar 12, 2024 MaxCyte, Inc. announced that they will report fiscal year 2023 results After-Market on Mar 12, 2024 Annuncio • Jan 27
MaxCyte, Inc. Announces Departure of Cenk Sumen as Chief Scientific Officer MaxCyte, Inc. announced on January 23, 2024, Cenk Sumen, Ph.D.’s employment as chief scientific officer of the company ended. Dr. Sumen will maintain a relationship with the Company as a member of the company’s Scientific Advisory Board. Annuncio • Jan 09
MaxCyte, Inc. Provides Preliminary Financial Guidance for the Fourth Quarter and Full Year Ended December 31, 2023 MaxCyte, Inc. provided preliminary financial guidance for the fourth quarter and full year ended December 31, 2023. Total revenue for the fourth quarter of 2023 is expected to be between $15.5 million and $15.7 million, compared to $12.4 million in the fourth quarter of 2022.Total revenue for the fiscal year of 2023 is expected to be between $41.1 and $41.3 million, compared to $44.3 million for fiscal year 2022. Annuncio • Dec 12
MaxCyte, Inc. Provides Revenue Guidance Update for 2023 MaxCyte, Inc. is reiterating 2023 expected core business revenue of $28 million- $30 million, and the company now expects to exceed prior SPL program-related guidance, with revenue of at least $10 million. Core business revenue consists of sales and leases of instrument and disposables to cell therapy and drug discovery customers and excludes any milestone revenues under SPL programs. New Risk • Nov 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings are forecast to decline by an average of 3.8% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (US$42m net loss in 2 years). Annuncio • Nov 10
MaxCyte, Inc. Provides Revenue Guidance for the Year 2023 MaxCyte, Inc. provided revenue guidance for the year 2023. For the period, the company expects total revenue to be approximately $34 million - 36 million. Reported Earnings • Nov 09
Third quarter 2023 earnings released: US$0.11 loss per share (vs US$0.063 loss in 3Q 2022) Third quarter 2023 results: US$0.11 loss per share (further deteriorated from US$0.063 loss in 3Q 2022). Revenue: US$8.00m (down 25% from 3Q 2022). Net loss: US$11.3m (loss widened 75% from 3Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Life Sciences industry in Europe. Annuncio • Oct 07
MaxCyte, Inc. Provides Revenue Guidance for the Third Quarter and Full Year of 2023 MaxCyte, Inc. provided revenue guidance for the third quarter and full year of 2023. Total revenue of $7.8 million to $8.0 million in the third quarter of 2023, a decrease of 25% to 27% compared to the third quarter of 2022; the decline is due to continued reduced customer activity in the sector.For the full year, the company’s total revenue now expected to be approximately $34 million to $36 million. Annuncio • Oct 05
MaxCyte, Inc. to Report Q3, 2023 Results on Nov 08, 2023 MaxCyte, Inc. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023 Annuncio • Sep 07
Maxcyte, Inc. Appoints Ali Soleymannezhad as Executive Vice President of Bioprocessing MaxCyte, Inc. announced the appointment of Ali Soleymannezhad as Executive Vice President of Bioprocessing, effective August 21, 2023. Mr. Soleymannezhad will lead global product development and marketing strategy for MaxCyte's bioprocessing business. The bioprocessing business is anchored by the STx and VLx platforms supporting biotherapeutic research, development and manufacturing using transient expression to produce complex proteins, vaccines and biologics at scale. Mr. Soleymannezhad brings almost 20 years of technical, sales and marketing expertise in biomanufacturing, bioprocessing and bioanalysis to his new role. Most recently, he served as Executive Vice President for the Separations and Purification business at Tosoh Bioscience overseeing a team of 140 employees across four global manufacturing, development, and commercial sites. During his tenure at Tosoh, Mr. Soleymannezhad was also Vice President of Global Marketing and Business Development and Director of Sales and Marketing Americas and served on the board of Semba Biosciences. Mr. Soleymannezhad received a Master of Business Administration in finance from Jones Graduate School of Business at Rice University in Texas after completing his Master and Bachelor of Chemical Engineering at University of Western Ontario's Faculty of Engineering in Canada. New Risk • Aug 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.1% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$36m net loss in 2 years). Share price has been volatile over the past 3 months (6.6% average weekly change). Annuncio • Aug 10
MaxCyte, Inc. Provides Revenue Guidance for the Year 2023 MaxCyte, Inc. provided revenue guidance for the year 2023. For the year, the company expects core revenue to be comparable to 2022 and Strategic Platform License program-related revenue expectations remain unchanged at approximately $6 million. Reported Earnings • Aug 10
Second quarter 2023 earnings released: US$0.10 loss per share (vs US$0.081 loss in 2Q 2022) Second quarter 2023 results: US$0.10 loss per share (further deteriorated from US$0.081 loss in 2Q 2022). Revenue: US$9.04m (down 5.9% from 2Q 2022). Net loss: US$10.5m (loss widened 27% from 2Q 2022). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Life Sciences industry in Europe. Annuncio • Jul 14
MaxCyte, Inc. to Report Q2, 2023 Results on Aug 09, 2023 MaxCyte, Inc. announced that they will report Q2, 2023 results at 4:30 PM, GMT Standard Time on Aug 09, 2023 Board Change • May 11
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Member of Scientific Advisory Board Marcela Maus was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • May 11
MaxCyte, Inc. Provides Revenue Guidance for the Year 2023 MaxCyte, Inc. provided revenue guidance for the year 2023. For the year, the company expects total revenue to grow between 8% and 12% compared to 2022, with core revenue growth of 5% to 10% and Strategic Platform License (“SPL”) program-related revenue expectations remaining the same at approximately $6 million for the year. Board Change • Apr 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Member of Scientific Advisory Board Marcela Maus was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 01
Key Executive recently bought €319k worth of stock On the 29th of March, Richard Douglas bought around 80k shares on-market at roughly €3.99 per share. This transaction increased Richard's direct individual holding by 4x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Richard's only on-market trade for the last 12 months. Reported Earnings • Mar 17
Full year 2022 earnings released: US$0.23 loss per share (vs US$0.21 loss in FY 2021) Full year 2022 results: US$0.23 loss per share (further deteriorated from US$0.21 loss in FY 2021). Revenue: US$44.3m (up 31% from FY 2021). Net loss: US$23.6m (loss widened 24% from FY 2021). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Life Sciences industry in Europe. Annuncio • Feb 02
MaxCyte, Inc. to Report Q4, 2022 Results on Mar 15, 2023 MaxCyte, Inc. announced that they will report Q4, 2022 results at 4:30 PM, GMT Standard Time on Mar 15, 2023 Annuncio • Dec 02
MaxCyte, Inc. Appoints Patrick J. Balthrop, Sr. as Class II Director and Member of Nominating Committee and Corporate Governance Committee MaxCyte, Inc. announced that on November 30, 2022, upon the recommendation of its Nominating and Corporate Governance Committee, the Board of Directors of the company appointed Patrick J. Balthrop, Sr. to serve as a Class II director. Mr. Balthrop will serve for the term expiring at the Company’s 2023 annual meeting of stockholders, and until his successor has been duly elected and qualified, or until his earlier death, resignation or removal. Mr. Balthrop was also appointed as a member of the Nominating Committee and Corporate Governance Committee. Mr. Balthrop, 66, has more than three decades of experience in the healthcare sector, particularly in diagnostics, life science tools and medical devices. From 2004 until his retirement in 2014, Mr. Balthrop was President, Chief Executive Officer and a director of Luminex Corporation. From 2002 to 2004, he served as president of Fisher Healthcare, now a division of Thermo Fisher Scientific, Inc. He previously served for more than 20 years in roles of increasing responsibility with Abbott Laboratories, including as head of Abbott Vascular and Corporate VP of Worldwide Operations for Abbott Diagnostics. He currently serves as chairman of the board of the privately held life sciences companies Agendia, Inc. and Diagnostic Life Sciences and as director of the privately held life sciences company Pattern Biosciences. Within the past five years, he served as a director of the publicly held diagnostics company Oxford Immunotec Global PLC, including as its chairman from June 2019 until March 2021. He has also served as a member of the board of directors of Personalis, Inc., from 2015 until March 2021. In January 2015, Mr. Balthrop founded and has since served as Principal of Apalachee Ventures, LLC. He also serves as executive advisor to Water Street Healthcare Partners. Mr. Balthrop holds a B.S. in Biology from Spring Hill College and an M.B.A. from the Kellogg School of Management at Northwestern University. Annuncio • Nov 12
MaxCyte, Inc. Provides Revenue Guidance for 2022 MaxCyte, Inc. provided revenue guidance for 2022. For the period, the company expected to grow approximately 30% compared to 2021. Continue to expect SPL Program-related revenue to be approximately $4.0 million in 2022. Reported Earnings • Nov 11
Third quarter 2022 earnings released: US$0.063 loss per share (vs US$0.032 loss in 3Q 2021) Third quarter 2022 results: US$0.063 loss per share (further deteriorated from US$0.032 loss in 3Q 2021). Revenue: US$10.6m (up 5.0% from 3Q 2021). Net loss: US$6.43m (loss widened 140% from 3Q 2021). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Life Sciences industry in Europe. Annuncio • Oct 13
MaxCyte, Inc. to Report Q3, 2022 Results on Nov 09, 2022 MaxCyte, Inc. announced that they will report Q3, 2022 results at 4:30 PM, GMT Standard Time on Nov 09, 2022 Annuncio • Aug 13
Maxcyte, Inc. Revenue Guidance for 2022 MaxCyte, Inc. expected core business revenue (instruments and disposables to cell therapy and drug discovery customers and excluding program-related revenue) in 2022 to grow approximately 30% compared to 2021. The company continue to expect SPL Program-related revenue to be approximately $4 million in 2022. Reported Earnings • Aug 12
Second quarter 2022 earnings released: US$0.081 loss per share (vs US$0.052 loss in 2Q 2021) Second quarter 2022 results: US$0.081 loss per share (down from US$0.052 loss in 2Q 2021). Revenue: US$9.61m (up 35% from 2Q 2021). Net loss: US$8.26m (loss widened 87% from 2Q 2021). Over the next year, revenue is forecast to grow 22%, compared to a 13% growth forecast for the industry in Germany. Annuncio • Jul 16
MaxCyte, Inc. to Report Q2, 2022 Results on Aug 10, 2022 MaxCyte, Inc. announced that they will report Q2, 2022 results After-Market on Aug 10, 2022 Annuncio • Jun 26
MaxCyte, Inc.(NasdaqGS:MXCT) dropped from Russell 2000 Growth Index MaxCyte, Inc.(NasdaqGS:MXCT) dropped from Russell 2000 Growth Index Annuncio • May 28
MaxCyte, Inc., Annual General Meeting, Jun 29, 2022 MaxCyte, Inc., Annual General Meeting, Jun 29, 2022, at 11:00 US Eastern Standard Time. Location: 21 Firstfield Road, Suite 202 Gaithersburg Maryland United States Agenda: To elect the board’s three nominees, doug doerfler, yasir al-wakeel and rekha hemrajani, to the board of directors to hold office until the 2025 annual meeting of stockholders; to approve the company’s 2022 equity incentive plan; to ratify the selection by the audit committee of the board of directors of cohnreznick llp as the independent registered public accounting firm of the company for its fiscal year ending December 31, 2022; and to conduct any other business properly brought before the meeting. Reported Earnings • May 11
First quarter 2022 earnings released: US$0.04 loss per share (vs US$0.088 loss in 1Q 2021) First quarter 2022 results: US$0.04 loss per share (up from US$0.088 loss in 1Q 2021). Revenue: US$11.6m (up 78% from 1Q 2021). Net loss: US$4.07m (loss narrowed 43% from 1Q 2021). Over the next year, revenue is forecast to grow 19%, compared to a 12% growth forecast for the industry in Germany. Annuncio • May 10
MaxCyte, Inc. Provides Revenue Guidance for the Full Year 2022 MaxCyte, Inc. provided revenue guidance for the full year 2022. For the period, the company expected core business revenue (instruments and disposables to cell therapy and drug discovery customers and excluding program-related revenue) to grow at least 25% compared to 2021 core business revenue. The company also continue to expect SPL Program-related revenue to be approximately $4 million in 2022. Annuncio • Apr 21
MaxCyte, Inc. to Report Q1, 2022 Results on May 09, 2022 MaxCyte, Inc. announced that they will report Q1, 2022 results After-Market on May 09, 2022 Annuncio • Feb 25
MaxCyte, Inc. to Report Q4, 2021 Results on Mar 22, 2022 MaxCyte, Inc. announced that they will report Q4, 2021 results After-Market on Mar 22, 2022 Annuncio • Jan 25
Maxcyte, Inc. Provides Preliminary Earnings Guidance for the Fourth Quarter and Full Year Ended December 31, 2021 MaxCyte, Inc. provides Preliminary earnings guidance for the fourth quarter and full year ended December 31, 2021. For the quarter, the company expects total revenue to be more than $10.0 million, up from $8.5 million of total revenue in the fourth quarter of 2020, reflecting growth of at least 17% in total revenue and at least 37% in core business revenue.For the year, The company expects revenue to be more than $33.7 million, up from $26.2 million in full year 2020, reflecting growth of at least 28% in total revenue and at least 36% in core business revenue. Recent Insider Transactions • Nov 24
Independent Chairman of the Board recently bought €197k worth of stock On the 22nd of November, Richard Douglas bought around 20k shares on-market at roughly €9.87 per share. This was the largest purchase by an insider in the last 3 months. This was Richard's only on-market trade for the last 12 months. Recent Insider Transactions • Nov 17
Founder recently sold €1.1m worth of stock On the 12th of November, Douglas Doerfler sold around 100k shares on-market at roughly €11.06 per share. This was the largest sale by an insider in the last 3 months. This was Douglas' only on-market trade for the last 12 months. Reported Earnings • Nov 11
Third quarter 2021 earnings released: US$0.032 loss per share (vs US$0.037 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$10.1m (up 33% from 3Q 2020). Net loss: US$2.68m (loss narrowed 6.8% from 3Q 2020). Reported Earnings • Sep 15
Second quarter 2021 earnings released: US$0.052 loss per share (vs US$0.046 loss in 2Q 2020) The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: US$7.11m (up 38% from 2Q 2020). Net loss: US$4.42m (loss widened 47% from 2Q 2020). Annuncio • Sep 15
MaxCyte, Inc. Provides Preliminary Revenue Guidance for the Year 2021 MaxCyte, Inc. provided preliminary revenue guidance for the year 2021. The company is establishing an initial projection of total revenue of approximately $30 million for fiscal year 2021. Board Change • Jul 31
High number of new directors Independent Non-Executive Director Yasir Al-Wakeel was the last director to join the board, commencing their role in 2021. Breakeven Date Change • Jul 11
Forecast breakeven pushed back to 2023 The 3 analysts covering MaxCyte previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 34% per year to 2022. The company is expected to make a profit of US$5.40m in 2023. Average annual earnings growth of 78% is required to achieve expected profit on schedule. Reported Earnings • Apr 24
Full year 2020 earnings released: US$0.17 loss per share (vs US$0.23 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: US$26.2m (up 21% from FY 2019). Net loss: US$11.8m (loss narrowed 8.4% from FY 2019).