Cytek Biosciences, Inc.

CTKB

CTKBCytek Biosciences, Inc. US flag

NASDAQ Global Select

4.19

USD

-0.05

- -

541.11MMarket Cap

Income Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	58	93	128	164	193	200	201
+ Sales & Services Revenue	58	93	128	164	193	200	201
- Cost of Revenue	29	41	49	63	84	89	97
+ Cost of Goods & Services	29	41	49	63	84	89	97
Gross Profit	29	52	79	101	109	111	104
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	26	38	70	103	137	132	145
+ Selling, General & Admin	17	24	46	68	93	92	108
+ Research & Development	9	14	24	35	44	39	36
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	3	14	9	-2	-28	-21	-40
- Non-Operating (Income) Loss	19	-1	3	-3	-12	-15	-11
+ Interest Expense, Net	-1	- -	2	-2	-4	-10	-2
+ Interest Expense	- -	- -	2	3	2	- -	- -
- Interest Income	1	- -	- -	5	6	10	2
+ Other Non-Op (Income) Loss	20	-1	2	-1	-8	-4	-9
Pretax Income	-16	14	6	1	-16	-6	-30
- Income Tax Expense (Benefit)	1	-5	3	-1	-4	- -	37
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-17	19	3	2	-12	-6	-67
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-17	19	3	3	-12	-6	-67
- Minority Interest	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-17	19	3	3	-12	-6	-67
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-17	19	3	3	-12	-6	-67
EBIT	3	14	9	-2	-28	-21	-40
EBITDA	3	14	10	4	-19	-10	-28
EBITDA Margin (%)	5.31	15.36	8.13	2.35	-9.64	-5.01	-14.1
EBITA	3	14	9	-2	-28	-21	-40
Gross Margin (%)	49.54	55.7	61.86	61.56	56.69	55.43	51.84
Operating Margin (%)	4.77	14.71	7.16	-1.1	-14.43	-10.24	-20.04
Profit Margin (%)	-29.07	20.91	2.35	1.57	-6.29	-3	-33.02
Sales per Employee	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	- -	1	1	6	9	10	12
Basic Weighted Avg Shares	102	32	77	135	131	131	128
Basic EPS, GAAP	-0.16	0.62	0.04	0.02	-0.09	-0.05	-0.52
Basic EPS from Cont Ops	-0.16	0.62	0.04	0.02	-0.09	-0.05	-0.52
Diluted Weighted Avg Shares	105	36	82	139	131	131	128
Diluted EPS, GAAP	-0.16	0.54	0.04	0.02	-0.09	-0.05	-0.52
Diluted EPS from Cont Ops	-0.16	0.54	0.04	0.02	-0.09	-0.05	-0.52

Balance Sheet (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	68	209	432	454	392	396	392
+ Cash, Cash Equivalents & STI	30	165	365	341	262	278	262
+ Cash & Cash Equivalents	30	165	365	297	167	99	91
+ ST Investments	- -	- -	- -	45	95	179	171
+ Accounts & Notes Receiv	18	18	30	51	56	61	72
+ Accounts Receivable, Net	17	17	30	49	56	61	63
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	1	1	- -	2	- -	- -	10
+ Inventories	18	23	32	48	61	44	48
+ Raw Materials	12	13	17	27	36	23	20
+ Work In Process	2	3	2	5	10	6	17
+ Finished Goods	5	7	13	16	15	15	11
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	1	2	5	14	13	14	10
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	3	11	32	65	102	103	70
+ Property, Plant & Equip, Net	1	2	6	28	29	28	29
+ Property, Plant & Equip	1	3	8	31	35	37	41
- Accumulated Depreciation	- -	1	2	3	6	9	12
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	2	9	26	38	73	75	40
+ Total Intangible Assets	1	1	15	14	39	37	34
+ Goodwill	- -	- -	10	10	16	17	17
+ Other Intangible Assets	- -	- -	5	4	23	20	17
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1	8	11	23	34	38	7
Total Assets	70	220	463	519	494	500	462
+ Payables & Accruals	7	7	13	14	12	16	21
+ Accounts Payable	2	3	3	5	3	6	6
+ Accrued Taxes	1	1	4	2	3	4	6
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	4	3	6	7	6	7	8
+ ST Debt	- -	3	- -	4	3	8	9
+ ST Borrowings	- -	3	- -	1	1	5	6
+ ST Finance Leases	- -	- -	- -	3	2	4	3
+ Other ST Liabilities	14	16	20	32	41	43	48
+ Deferred Revenue	3	4	8	15	24	27	30
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	11	12	12	17	17	17	18
Total Current Liabilities	21	27	33	49	56	68	78
+ LT Debt	- -	- -	- -	15	11	9	15
+ LT Borrowings	- -	- -	- -	2	2	1	1
+ LT Finance Leases	- -	- -	- -	12	9	8	14
+ Other LT Liabilities	91	209	25	30	34	27	27
+ Accrued Liabilities	2	3	10	13	15	16	18
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	89	206	15	17	19	11	9
Total Noncurrent Liabilities	91	209	25	45	45	36	42
Total Liabilities	112	236	58	94	101	104	120
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	7	424	443	424	431	441
+ Common Stock	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	6	424	443	423	431	441
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-42	-23	-20	-17	-29	-35	-102
+ Other Equity	- -	- -	1	-1	-1	- -	2
Equity Before Minority Interest	-42	-16	405	425	393	396	342
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
Total Equity	-42	-16	405	426	393	396	342
Total Liabilities & Equity	70	220	463	519	494	500	462
Shares Outstanding	131	131	134	135	131	129	129
Number of Employees	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	15	12	11	17
Net Debt	-30	-162	-365	-294	-165	-93	-84
Net Debt to Equity	72.23	1,013.59	-89.94	-69.03	-42	-23.5	-24.59
Tangible Common Equity Ratio	-60.96	-7.65	87.08	81.4	77.73	77.57	72.01
Current Ratio	3.22	7.86	13.01	9.26	6.97	5.86	5.04
Cash Conversion Cycle	- -	229.94	254.23	301.83	322.28	298.49	263.68

Cash Flow Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-17	19	3	2	-12	-6	-67
+ Depreciation & Amortization	- -	1	1	6	9	10	12
+ Non-Cash Items	2	3	9	20	19	13	55
+ Stock-Based Compensation	- -	1	7	17	22	27	25
+ Deferred Income Taxes	- -	- -	- -	- -	- -	-3	34
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	1	2	2	3	-3	-11	-3
+ Chg in Non-Cash Work Cap	1	-8	-9	-40	-11	8	-5
+ (Inc) Dec in Accts Receiv	-13	- -	-12	-20	-7	-5	- -
+ (Inc) Dec in Inventories	-15	-6	-7	-18	4	15	-5
+ (Inc) Dec in Prepaid Assets	1	-8	-6	-19	-10	-3	-3
+ Inc (Dec) in Accts Payable	7	3	11	9	-1	2	4
+ Inc (Dec) in Other	20	3	6	7	3	-1	-2
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-14	15	5	-12	5	25	-5
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	-2	-4	-10	-5	-4	-4
+ Acq of Fixed Prod Assets	-1	-2	-4	-10	-5	-4	-4
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	216	- -	-44	-22	-15
+ Increase in Capital Stock	- -	- -	216	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	-44	-22	-15
+ Net Change in LT Investment	- -	- -	- -	-46	-44	-79	14
+ Dec in LT Investment	- -	- -	- -	- -	132	195	292
+ Inc in LT Investment	- -	- -	- -	-46	-176	-274	-278
+ Net Cash From Acq & Div	- -	- -	-17	- -	-45	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	-17	- -	-45	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-1	-2	-21	-56	-94	-83	10
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	3	-3	3	-1	8	6
+ Cash From Debt	- -	4	- -	3	- -	8	11
+ Repayments of Debt	- -	-1	-3	- -	-1	-1	-5
+ Other Financing Activities	- -	120	1	3	3	-2	-5
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	- -	123	214	6	-42	-16	-13
Effect of Foreign Exchange Rates	- -	-1	1	-2	-1	5	- -
Net Changes in Cash	-15	136	197	-63	-130	-73	-8
EBITDA	3	14	10	4	-19	-10	-28
EBITDA Margin (%)	5.31	15.36	8.13	2.35	-9.64	-5.01	-14.1
Free Cash Flow	-15	14	- -	-22	- -	22	-9
Net Cash Paid for Acquisitions	- -	- -	17	- -	45	- -	- -
Free Cash Flow to Firm	- -	- -	1	- -	- -	- -	- -
Free Cash Flow to Equity	- -	16	-3	-19	- -	30	-2
Free Cash Flow per Basic Share	-0.14	0.43	- -	-0.16	- -	0.17	-0.07
Price/Free Cash Flow	- -	- -	147.97	-598.7	117.94	29.12	-1,300.64
Cash Flow to Net Income	0.82	0.78	1.54	-4.75	-0.43	-4.22	0.07
Capital Expenditures	-1	-2	-4	-10	-5	-4	-4