Revenue Growth
Revenue increased by 7% in Q2 2025 compared to Q2 2024, marking the fourth consecutive quarter of year-over-year growth.
Clinical Solutions Revenue Surge
Clinical Solutions revenue increased by 32% from $1.6 million in Q2 2024 to $2.1 million in Q2 2025.
Improved Gross Margin
Gross margin improved to 38.7% in Q2 2025 from 29.2% in Q2 2024, driven by manufacturing efficiency gains and higher revenue.
Cost Reduction and Operational Efficiency
Reduced headcount by about 40% and cut annual operating expenses by approximately $18 million over the past 3 years.
New Facility and Increased Customer Base
Opened a state-of-the-art facility, growing clinical customers from 13 in 2020 to 48 in 2024, supporting over 60 therapies.