Academic And Government SectorThe academic and government sector, which is about 20% of the mix, is likely to remain an overhang.
Government ImpactThe government shutdown and macroeconomic factors have contributed to a slowdown in bookings and capital expenditure decisions, negatively impacting certain revenues.
Revenue MissFQ3 total revs of $144M missed consensus $149M largely due to geo-driven slowdown in both storage and gene synthesis segments.