Alpha Teknova (NASDAQ:TKNO) Announces Earnings Results

Key Points

• Alpha Teknova reported a quarterly loss of ($0.07) earnings per share, surpassing analysts' expectations of ($0.10), with revenue reaching $10.29 million.
• Shares of Alpha Teknova fell by 2.5% to $4.23 following the earnings announcement, amidst concerns over a significant negative return on equity of 25.98%.
• Geode Capital Management significantly increased its stake in Alpha Teknova by 64.4%, now holding roughly 0.56% of the company’s shares.

Alpha Teknova (NASDAQ:TKNO - Get Free Report) posted its quarterly earnings results on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.03, Zacks reports. Alpha Teknova had a negative return on equity of 25.98% and a negative net margin of 55.24%. The company had revenue of $10.29 million for the quarter, compared to analyst estimates of $9.90 million. Alpha Teknova updated its FY 2025 guidance to EPS.

Alpha Teknova Stock Down 2.5%

Shares of NASDAQ TKNO traded down $0.11 during midday trading on Friday, hitting $4.23. 606,997 shares of the company's stock were exchanged, compared to its average volume of 344,755. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.64 and a quick ratio of 4.71. Alpha Teknova has a twelve month low of $3.45 and a twelve month high of $10.37. The company has a market cap of $226.05 million, a PE ratio of -10.07 and a beta of 0.32. The firm's fifty day simple moving average is $5.06 and its 200-day simple moving average is $6.08.

Insider Buying and Selling at Alpha Teknova

In other news, Director Martha J. Demski sold 8,000 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $5.06, for a total transaction of $40,480.00. Following the sale, the director owned 12,000 shares of the company's stock, valued at approximately $60,720. This trade represents a 40.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.50% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Alpha Teknova stock. Geode Capital Management LLC increased its position in shares of Alpha Teknova, Inc. (NASDAQ:TKNO - Free Report) by 64.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 298,850 shares of the company's stock after buying an additional 117,016 shares during the quarter. Geode Capital Management LLC owned about 0.56% of Alpha Teknova worth $1,468,000 as of its most recent SEC filing. 13.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Stephens raised Alpha Teknova to a "strong-buy" rating and set a $8.00 target price on the stock in a research report on Tuesday, July 22nd.

Alpha Teknova Company Profile

Alpha Teknova, Inc produces critical reagents for the research, discovery, development, and commercialization of novel therapies, vaccines, and molecular diagnostics in the United States and internationally. The company offers pre-poured media plates for cell growth and cloning; liquid cell culture media and supplements for cellular expansion; and molecular biology reagents for sample manipulation, resuspension, and purification.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.