Olink Holding Ab Sponsored Adr (OLK) has released an update.
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Olink Holding AB reported an 18% increase in Q4 2023 revenue, achieving $68.6 million, and a 21% growth in full-year revenue, reaching $169.6 million, driven by robust kit sales and new installations. Despite the revenue growth, the company faced a Q4 net loss of $7.6 million with an adjusted EBITDA of $13.3 million, reflecting increased operating expenses linked to business investments and the pending acquisition by Thermo Fisher. Geographically, the Americas led in revenue generation for both Q4 and the full year, as the company anticipates the Thermo Fisher acquisition to be completed by mid-2024.
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