Favorable Patent Litigation Settlement
10x Genomics settled worldwide patent litigation with Bruker on favorable terms, receiving an upfront payment of $68 million, contributing to both operating expenses and license and royalty revenue.
Strong Performance in China
There was a 41% year-over-year increase in APAC revenue, driven by strong performance in China, which benefited from a temporary pull forward in purchasing activity.
Growth in Spatial Consumables Revenue
Spatial consumables revenue increased by 24%, primarily driven by Xenium consumables performance.
Financial Stability and Cash Increase
10x Genomics increased its cash balance by $40 million during the quarter, excluding settlement-related payments.
New Product Launches
Launch of Visium HD 3 Prime and HD cell segmentation capabilities, with upcoming products like Visium HD XL and Xenium RNA plus protein expected to enhance spatial analysis.