Ginkgo Reports Q1 Revenue of $19.47M, Below Expectations
Reports Q1 revenue $19.47M, consensus $42.96M. "We believe autonomous labs will replace the lab bench more quickly than people think," said Jason Kelly, CEO. "Nebula is already the world's largest autonomous lab with the ability to run real customer science around the clock and we're targeting to double its size this year. We see a large market that remains overwhelmingly manual today, and every experiment our Solutions, Datapoints, and Cloud Lab businesses run on Nebula generates revenue today while making the platform better for tomorrow. Ginkgo is singularly focused on leading the transition from the lab bench to autonomous research infrastructure that runs 24/7 and integrates directly with the AI models transforming drug discovery and industrial biotechnology."
