Positive Start to Fiscal Year 2025
Fiscal 2025 started with positive momentum, with organic revenue growing by 4% year-over-year and adjusted EBITDA margin expanding by 400 basis points.
Multiomics Business Growth
The Multiomics segment reported a 6% growth year-over-year, with Next Generation Sequencing growing by 11% and Gene Synthesis by 5%.
Strong Cash Position
Azenta ended the quarter with $530 million in cash, cash equivalents, and marketable securities, demonstrating strong financial health.
Operational Improvements
Gross margin increased by 270 basis points year-over-year, and adjusted EBITDA margin improved by 400 basis points, indicating better operational efficiencies.