Exceeded Revenue Guidance
10X Genomics reported total revenue of $149 million for the third quarter, exceeding the top end of their guidance range.
Strong Performance of Spatial Consumables
Spatial consumables revenue grew by 19% year-over-year, driven by strong demand for Xenium consumables.
Launch of Next-Generation Chromium Flex
10X Genomics began shipping the next generation of Chromium Flex, which offers improved sensitivity, robustness, scalability, and cost-effectiveness.
Partnership with Anthropic for Data Analysis
The partnership with Anthropic aims to address the data analysis bottleneck by integrating with Claude for Life Sciences, making data analysis more accessible.
Successful Balance Sheet Management
The company ended the quarter with $482 million in cash, cash equivalents, and marketable securities, up $35 million from the prior quarter.