false
0000933974
0000933974
2024-08-06
2024-08-06
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 6, 2024
Azenta, Inc.
(Exact name of registrant as specified in its charter)
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Delaware
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0-25434
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04-3040660
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(State or Other Jurisdiction
of Incorporation)
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(Commission File
Number)
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(IRS Employer
Identification No.)
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200 Summit Drive, Burlington, MA 01803
(Address of principal executive offices and Zip Code)
(978) 262-2400
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, $0.01 par value
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AZTA
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The Nasdaq Stock Market LLC
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition
On August 6, 2024, Azenta, Inc. (“Azenta” or the “Company”) announced via press release its financial results for the fiscal quarter ended June 30, 2024. A copy of the press release is attached hereto as Exhibit 99.1.
Limitation on Incorporation by Reference. The information in Item 2.02 and Exhibit 99.1 to this Current Report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
Cautionary Note Regarding Forward-Looking Statements. Except for historical information contained in this Current Report and the press release attached as an exhibit hereto, this Current Report and the press release contain forward-looking statements which involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. Please refer to the cautionary note in the press release attached as Exhibit 99.1 hereto regarding these forward-looking statements.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
EXHIBIT
NUMBER
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DESCRIPTION
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99.1
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104
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Cover Page Interactive Data File (embedded within the iXBRL (Inline eXtensible Business Reporting Language) document).
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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AZENTA, INC.
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/s/ Jason W. Joseph
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Date: August 6, 2024
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Jason W. Joseph
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Senior Vice President, General Counsel and Secretary
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Exhibit 99.1
![a01.jpg](https://www.sec.gov/Archives/edgar/data/933974/000143774924024893/a01.jpg)
Azenta Reports Third Quarter Results for Fiscal 2024, Ended June 30, 2024
BURLINGTON, Mass., August 6, 2024 (PR Newswire) – Azenta, Inc. (Nasdaq: AZTA) today reported financial results for the third quarter ended June 30, 2024.
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Quarter Ended
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Dollars in millions, except per share data
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June 30,
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March 31,
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June 30,
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Change
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2024
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2024
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2023
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Prior Qtr
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Prior Yr.
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Revenue from Continuing Operations
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|
$ |
173 |
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$ |
159 |
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$ |
166 |
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|
|
9 |
% |
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|
4 |
% |
Organic growth
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|
|
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|
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|
|
|
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|
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5 |
% |
Sample Management Solutions
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|
$ |
81 |
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|
$ |
74 |
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|
$ |
75 |
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|
|
9 |
% |
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|
7 |
% |
Multiomics
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|
$ |
64 |
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$ |
62 |
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$ |
64 |
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2 |
% |
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|
(0 |
)% |
B Medical Systems
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|
$ |
29 |
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|
$ |
23 |
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$ |
27 |
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|
25 |
% |
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7 |
% |
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Diluted EPS Continuing Operations
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$ |
(0.12 |
) |
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$ |
(2.47 |
) |
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$ |
(0.04 |
) |
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|
95 |
% |
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|
nm |
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Diluted EPS Total
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|
$ |
(0.12 |
) |
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$ |
(2.47 |
) |
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$ |
(0.02 |
) |
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95 |
% |
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nm |
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|
|
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|
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Non-GAAP Diluted EPS Continuing Operations
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|
$ |
0.16 |
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$ |
0.05 |
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$ |
0.13 |
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|
|
nm |
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|
25 |
% |
Adjusted EBITDA - Continuing Operations
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$ |
18 |
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$ |
9 |
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$ |
13 |
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|
89 |
% |
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|
39 |
% |
Adjusted EBITDA Margin - Continuing Operations
|
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|
10.3 |
% |
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5.9 |
% |
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7.8 |
% |
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Management Comments
“We delivered another solid quarter with above market growth, that together with the disciplined execution of our transformation initiatives, contributed to meaningful margin expansion and increased profitability,” said Steve Schwartz, President and CEO. "We are delivering not only to outsized growth, but also the operational transformation that will enable long-term scale, efficiency, and profitability for Azenta."
Third Quarter Fiscal 2024 Results
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●
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Revenue was $173 million, up 4% year over year. Organic revenue, which excludes the impacts from foreign exchange, was up 5% year over year. The year-over-year revenue increase was attributable to higher Sample Management Solutions and B Medical Systems (“B Medical”) revenues. The combined Sample Management Solutions and Multiomics business segments grew 4% on an organic basis.
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●
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Sample Management Solutions revenue was $81 million, up 7% year over year.
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o
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Organic revenue also grew 7%, mainly driven by higher revenues in Sample Repository Solutions and Core Products, particularly in Large-automated and Cryogenic Stores and in Consumables and Instruments. |
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●
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Multiomics revenue was $64 million, flat year over year.
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o
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Organic revenue grew 1% year over year, primarily driven by growth in Gene Synthesis and Next Generation Sequencing services, offset by a year-over-year decline in Sanger sequencing revenue.
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●
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B Medical Systems revenue was $29 million, up 7% year over year.
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o
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Organic revenue grew 8% year over year. The better-than-forecasted revenue in the quarter was mainly due to additional cold chain solutions orders received during the period.
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Summary of GAAP Earnings Results
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●
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Operating loss was $15 million. Operating margin was (8.5%), up 100 basis points year over year.
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o
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Gross margin was 40.0%, compared to 41.0% in the third quarter 2023, driven by higher amortization expense and transformation costs in the current period as well as purchase accounting impacts to inventory in the prior year period which did not reoccur, partially offset by higher revenue and operational efficiencies. |
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o
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Operating expenses were $84 million, flat year over year, driven by lower research and development and selling, general and administrative expenses, offset by increased restructuring and transformation charges related to the Company's cost reduction initiatives, in addition to a benefit of $1.4 million of fair value contingent consideration adjustments related to the B Medical Systems segment recognized in the third quarter of fiscal year 2023. |
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●
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Other income included $8.0 million of net interest income versus $11.3 million in the prior year period.
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●
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Diluted EPS from continuing operations was ($0.12) compared to ($0.04) in the third quarter of fiscal year 2023.
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Summary of Non-GAAP Earnings Results
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●
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Operating income was $5 million. Operating margin was 2.6%, an improvement of 330 basis points year over year.
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o
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Gross margin was 45.2%, down 40 basis points compared to the third quarter 2023.
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|
o
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Operating expense in the quarter was $74 million, down 4% year over year, primarily driven by the benefit from cost reduction actions.
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|
o
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Adjusted EBITDA was $18 million, and Adjusted EBITDA margin was 10.3%, an improvement of 260 basis points year over year.
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●
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Diluted EPS was $0.16, compared to $0.13 one year ago.
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Cash and Liquidity as of June 30, 2024
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●
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The Company ended the quarter with a total balance of cash, cash equivalents, restricted cash and marketable securities of $754 million.
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|
●
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Operating cash flow was $2 million in the quarter. Capital expenditures were $7 million, and free cash flow (cash flow from operations less capital expenditures) was negative $5 million.
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Share Repurchase Program Update
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●
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In the third quarter, the Company repurchased 4.2 million shares for $225.9 million under a 10b5-1 trading program.
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●
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As of June 30, 2024, the Company repurchased 25.1 million shares of common stock for $1.25 billion under the 2022 Repurchase Authorization. By the end of October 2024, the Company expects to complete the full capacity of the $1.5 billion share repurchase authorization announced in November 2022.
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Guidance for Continuing Operations for Full Year Fiscal 2024
|
●
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The Company is lowering its revenue guidance while raising its earnings guidance for fiscal year 2024:
|
|
o
|
Total revenue is expected to be in the range of $652 to $658 million due to the expected timing of orders in both B Medical and Sample Management Solutions.
|
|
o
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Total organic revenue is expected to be in the range of down 2% to down 1% relative to fiscal year 2023.
|
|
o
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Adjusted EBITDA margin expansion is expected to be approximately 300 basis points.
|
|
o
|
Non-GAAP diluted earnings per share is expected to be in the range of $0.30 to $0.36.
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Conference Call and Webcast
Azenta management will webcast its third quarter fiscal 2024 earnings conference call today at 4:30 p.m. Eastern Time. During the call, Company management will respond to questions concerning, but not limited to, the Company's financial performance, business conditions and industry outlook. Management's responses could contain information that has not been previously disclosed.
The call will be broadcast live over the Internet and, together with presentation materials referenced on the call, will be hosted at the Investor Relations section of Azenta's website at https://investors.azenta.com/events and will be archived online on this website for convenient on-demand replay.
Regulation G – Use of Non-GAAP financial Measures
The Company supplements its GAAP financial measures with certain non-GAAP financial measures to provide investors a perspective on the results of business operations, which the Company believes is comparable to the similar analyses provided by its peers. These measures are not presented in accordance with, nor are they a substitute for, U.S. generally accepted accounting principles, or GAAP. These measures should always be considered in conjunction with appropriate GAAP measures. A reconciliation of non-GAAP measures to the most nearly comparable GAAP measures is included at the end of this release following the consolidated balance sheets, statements of operations and statements of cash flows. Certain amounts in the tables that supplement the consolidated financial statements may not sum due to rounding. All percentages are calculated using unrounded amounts.
“Safe Harbor Statement” under Section 21E of the Securities Exchange Act of 1934
Some statements in this release are forward-looking statements made under Section 21E of the Securities Exchange Act of 1934. These statements are neither promises nor guarantees but involve risks and uncertainties, both known and unknown, that could cause Azenta’s financial and business results to differ materially from our expectations. They are based on the facts known to management at the time they are made. Forward-looking statements include but are not limited to statements about our revenue and earnings expectations, our ability to realize margin improvement from cost reductions, and our ability to deliver financial success in the future and otherwise related to future operating or financial performance and opportunities. Factors that could cause results to differ from our expectations include the following: our ability to reduce costs effectively; the volatility of the life sciences markets the Company serves; our possible inability to meet demand for our products due to difficulties in obtaining components and materials from our suppliers in required quantities and of required quality; the inability of customers to make payments to us when due; price competition; disputes concerning intellectual property; uncertainties in global political and economic conditions; and other factors and other risks, including those that we have described in our filings with the Securities and Exchange Commission, including but not limited to our Annual Report on Form 10-K, Current Reports on Form 8-K and our Quarterly Reports on Form 10-Q. As a result, we can provide no assurance that our future results will not be materially different from those projected. Azenta expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in our expectations or any change in events, conditions, or circumstances on which any such statement is based. Azenta undertakes no obligation to update the information contained in this press release.
About Azenta Life Sciences
Azenta, Inc. (Nasdaq: AZTA) is a leading provider of life sciences solutions worldwide, enabling impactful breakthroughs and therapies to market faster. Azenta provides a full suite of reliable cold-chain sample management solutions and multiomics services across areas such as drug development, clinical research and advanced cell therapies for the industry's top pharmaceutical, biotech, academic and healthcare institutions globally. Our global team delivers and supports these products and services through our industry-leading brands, including GENEWIZ, FluidX, Ziath, 4titude, Limfinity, Freezer Pro, Barkey, and B Medical Systems.
Azenta is headquartered in Burlington, Massachusetts, with operations in North America, Europe, and Asia. For more information, please visit www.azenta.com.
AZENTA INVESTOR CONTACTS:
Yvonne Perron
Vice President, Financial Planning & Analysis and Investor Relations
ir@azenta.com
Sherry Dinsmore
sherry.dinsmore@azenta.com
AZENTA, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
(In thousands, except per share data)
|
|
Three Months Ended
|
|
|
Nine Months Ended
|
|
|
|
June 30,
|
|
|
June 30,
|
|
|
|
2024
|
|
|
2023
|
|
|
2024
|
|
|
2023
|
|
Revenue
|
|
|
|
|
|
|
|
|
|
|
|
|
Products
|
|
$ |
68,763 |
|
|
$ |
67,296 |
|
|
$ |
181,173 |
|
|
$ |
205,011 |
|
Services
|
|
|
104,046 |
|
|
|
98,652 |
|
|
|
305,087 |
|
|
|
287,704 |
|
Total revenue
|
|
|
172,809 |
|
|
|
165,948 |
|
|
|
486,260 |
|
|
|
492,715 |
|
Cost of revenue
|
|
|
|
|
|
|
|
|
|
|
|
|
Products
|
|
|
47,555 |
|
|
|
42,747 |
|
|
|
126,051 |
|
|
|
136,855 |
|
Services
|
|
|
56,198 |
|
|
|
55,196 |
|
|
|
166,256 |
|
|
|
160,754 |
|
Total cost of revenue
|
|
|
103,753 |
|
|
|
97,943 |
|
|
|
292,307 |
|
|
|
297,609 |
|
Gross profit
|
|
|
69,056 |
|
|
|
68,005 |
|
|
|
193,953 |
|
|
|
195,106 |
|
Operating expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
7,913 |
|
|
|
8,968 |
|
|
|
25,113 |
|
|
|
25,024 |
|
Selling, general and administrative
|
|
|
73,833 |
|
|
|
75,465 |
|
|
|
230,723 |
|
|
|
241,356 |
|
Impairment of goodwill and intangible assets
|
|
|
— |
|
|
|
— |
|
|
|
115,975 |
|
|
|
— |
|
Contingent consideration - fair value adjustments
|
|
|
— |
|
|
|
(1,404 |
) |
|
|
— |
|
|
|
(18,549 |
) |
Restructuring charges
|
|
|
2,064 |
|
|
|
812 |
|
|
|
10,528 |
|
|
|
3,773 |
|
Total operating expenses
|
|
|
83,810 |
|
|
|
83,841 |
|
|
|
382,339 |
|
|
|
251,604 |
|
Operating loss
|
|
|
(14,754 |
) |
|
|
(15,836 |
) |
|
|
(188,386 |
) |
|
|
(56,498 |
) |
Other income
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income, net
|
|
|
8,004 |
|
|
|
11,347 |
|
|
|
27,650 |
|
|
|
32,406 |
|
Other income (expense), net
|
|
|
(282 |
) |
|
|
819 |
|
|
|
650 |
|
|
|
(704 |
) |
Loss before income taxes
|
|
|
(7,032 |
) |
|
|
(3,670 |
) |
|
|
(160,086 |
) |
|
|
(24,796 |
) |
Income tax benefit
|
|
|
(450 |
) |
|
|
(1,207 |
) |
|
|
(900 |
) |
|
|
(9,107 |
) |
Loss from continuing operations
|
|
|
(6,582 |
) |
|
|
(2,463 |
) |
|
|
(159,186 |
) |
|
|
(15,689 |
) |
Income (loss) from discontinued operations, net of tax
|
|
|
— |
|
|
|
993 |
|
|
|
— |
|
|
|
(1,943 |
) |
Net loss
|
|
$ |
(6,582 |
) |
|
$ |
(1,470 |
) |
|
$ |
(159,186 |
) |
|
$ |
(17,632 |
) |
Basic net loss per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from continuing operations
|
|
$ |
(0.12 |
) |
|
$ |
(0.04 |
) |
|
$ |
(2.90 |
) |
|
$ |
(0.23 |
) |
Income (loss) from discontinued operations, net of tax
|
|
|
— |
|
|
|
0.02 |
|
|
|
— |
|
|
|
(0.03 |
) |
Basic net loss per share
|
|
$ |
(0.12 |
) |
|
$ |
(0.02 |
) |
|
$ |
(2.90 |
) |
|
$ |
(0.26 |
) |
Diluted net loss per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from continuing operations
|
|
$ |
(0.12 |
) |
|
$ |
(0.04 |
) |
|
$ |
(2.90 |
) |
|
$ |
(0.23 |
) |
Income (loss) from discontinued operations, net of tax
|
|
|
— |
|
|
|
0.02 |
|
|
|
— |
|
|
|
(0.03 |
) |
Diluted net loss per share
|
|
$ |
(0.12 |
) |
|
$ |
(0.02 |
) |
|
$ |
(2.90 |
) |
|
$ |
(0.26 |
) |
Weighted average shares used in computing net loss per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
52,963 |
|
|
|
63,432 |
|
|
|
54,914 |
|
|
|
68,494 |
|
Diluted
|
|
|
52,963 |
|
|
|
63,432 |
|
|
|
54,914 |
|
|
|
68,494 |
|
AZENTA, INC.
CONSOLIDATED BALANCE SHEETS
(unaudited)
(In thousands, except share and per share data)
|
|
June 30,
|
|
|
September 30,
|
|
|
|
2024
|
|
|
2023
|
|
|
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$ |
336,543 |
|
|
$ |
678,910 |
|
Short-term marketable securities
|
|
|
259,296 |
|
|
|
338,873 |
|
Accounts receivable, net of allowance for expected credit losses ($6,507 and $8,057, respectively)
|
|
|
167,613 |
|
|
|
156,535 |
|
Inventories
|
|
|
115,270 |
|
|
|
128,198 |
|
Derivative asset
|
|
|
834 |
|
|
|
13,036 |
|
Prepaid expenses and other current assets
|
|
|
88,102 |
|
|
|
103,404 |
|
Total current assets
|
|
|
967,658 |
|
|
|
1,418,956 |
|
Property, plant and equipment, net
|
|
|
196,124 |
|
|
|
205,744 |
|
Long-term marketable securities
|
|
|
148,086 |
|
|
|
111,338 |
|
Long-term deferred tax assets
|
|
|
1,231 |
|
|
|
571 |
|
Goodwill
|
|
|
679,691 |
|
|
|
784,339 |
|
Intangible assets, net
|
|
|
253,475 |
|
|
|
294,301 |
|
Other assets
|
|
|
77,030 |
|
|
|
70,471 |
|
Total assets
|
|
$ |
2,323,295 |
|
|
$ |
2,885,720 |
|
Liabilities and stockholders' equity
|
|
|
|
|
|
|
Current liabilities
|
|
|
|
|
|
|
Accounts payable
|
|
$ |
39,115 |
|
|
$ |
35,796 |
|
Deferred revenue
|
|
|
33,268 |
|
|
|
34,614 |
|
Accrued warranty and retrofit costs
|
|
|
9,351 |
|
|
|
10,223 |
|
Accrued compensation and benefits
|
|
|
31,229 |
|
|
|
33,911 |
|
Accrued customer deposits
|
|
|
20,954 |
|
|
|
17,707 |
|
Accrued income taxes payable
|
|
|
11,705 |
|
|
|
7,378 |
|
Short-term operating lease liability
|
|
|
10,739 |
|
|
|
9,499 |
|
Accrued expenses and other current liabilities
|
|
|
46,213 |
|
|
|
61,800 |
|
Total current liabilities
|
|
|
202,574 |
|
|
|
210,928 |
|
Long-term deferred tax liabilities
|
|
|
58,080 |
|
|
|
67,301 |
|
Long-term operating lease liabilities
|
|
|
60,654 |
|
|
|
60,436 |
|
Other long-term liabilities
|
|
|
11,589 |
|
|
|
12,555 |
|
Total liabilities
|
|
|
332,897 |
|
|
|
351,220 |
|
|
|
|
|
|
|
|
|
Stockholders' equity
|
|
|
|
|
|
|
|
Preferred stock, $0.01 par value - 1,000,000 shares authorized, no shares issued or outstanding
|
|
|
— |
|
|
|
— |
|
Common stock, $0.01 par value - 125,000,000 shares authorized, 63,941,421 shares issued and 50,395,071 shares outstanding at June 30, 2024, 71,294,247 shares issued and 57,832,378 shares outstanding at September 30, 2023
|
|
|
639 |
|
|
|
713 |
|
Additional paid-in capital
|
|
|
758,269 |
|
|
|
1,156,160 |
|
Accumulated other comprehensive loss
|
|
|
(44,895 |
) |
|
|
(62,426 |
) |
Treasury stock, at cost - 13,546,350 shares at June 30, 2024 and 13,461,869 shares at September 30, 2023
|
|
|
(205,438 |
) |
|
|
(200,956 |
) |
Retained earnings
|
|
|
1,481,823 |
|
|
|
1,641,009 |
|
Total stockholders' equity
|
|
|
1,990,398 |
|
|
|
2,534,500 |
|
Total liabilities and stockholders' equity
|
|
$ |
2,323,295 |
|
|
$ |
2,885,720 |
|
AZENTA, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited)
(In thousands)
|
|
Nine Months Ended June 30,
|
|
|
|
2024
|
|
|
2023
|
|
Cash flows from operating activities
|
|
|
|
|
|
|
|
|
Net loss
|
|
$ |
(159,186 |
) |
|
$ |
(17,632 |
) |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
|
|
|
|
|
|
|
Depreciation and amortization
|
|
|
66,899 |
|
|
|
63,443 |
|
Impairment of goodwill and intangible assets
|
|
|
115,975 |
|
|
|
— |
|
Non-cash write-offs of assets
|
|
|
10,745 |
|
|
|
— |
|
Stock-based compensation
|
|
|
12,622 |
|
|
|
10,091 |
|
Contingent consideration adjustment
|
|
|
— |
|
|
|
(18,549 |
) |
Amortization and accretion on marketable securities
|
|
|
(4,706 |
) |
|
|
(6,942 |
) |
Deferred income taxes
|
|
|
(12,478 |
) |
|
|
(25,149 |
) |
Purchase accounting impact on inventory
|
|
|
— |
|
|
|
8,737 |
|
Loss on disposals of property, plant and equipment
|
|
|
297 |
|
|
|
37 |
|
Changes in operating assets and liabilities:
|
|
|
|
|
|
|
Accounts receivable
|
|
|
(10,923 |
) |
|
|
29,028 |
|
Inventories
|
|
|
11,433 |
|
|
|
(4,104 |
) |
Accounts payable
|
|
|
2,831 |
|
|
|
(13,193 |
) |
Deferred revenue
|
|
|
(1,635 |
) |
|
|
2,496 |
|
Accrued warranty and retrofit costs
|
|
|
(1,080 |
) |
|
|
1,412 |
|
Accrued compensation and tax withholdings
|
|
|
(2,825 |
) |
|
|
(15,830 |
) |
Accrued restructuring costs
|
|
|
1,125 |
|
|
|
311 |
|
Other assets and liabilities
|
|
|
7,484 |
|
|
|
(36,578 |
) |
Net cash provided by (used in) operating activities
|
|
|
36,578 |
|
|
|
(22,422 |
) |
Cash flows from investing activities
|
|
|
|
|
|
|
|
|
Purchases of property, plant and equipment
|
|
|
(25,339 |
) |
|
|
(29,218 |
) |
Purchases of marketable securities
|
|
|
(378,275 |
) |
|
|
(236,194 |
) |
Sales and maturities of marketable securities
|
|
|
431,544 |
|
|
|
951,504 |
|
Net investment hedge settlement
|
|
|
1,476 |
|
|
|
29,313 |
|
Acquisitions, net of cash acquired
|
|
|
— |
|
|
|
(386,508 |
) |
Net cash provided by investing activities
|
|
|
29,406 |
|
|
|
328,897 |
|
Cash flows from financing activities
|
|
|
|
|
|
|
|
|
Payments of finance leases
|
|
|
(584 |
) |
|
|
(181 |
) |
Withholding tax payments on net share settlements on equity awards
|
|
|
— |
|
|
|
(4,924 |
) |
Proceeds from Employee Stock Purchase Plan
|
|
|
1,678 |
|
|
|
— |
|
Share repurchases
|
|
|
(412,755 |
) |
|
|
(672,116 |
) |
Net cash used in financing activities
|
|
|
(411,661 |
) |
|
|
(677,221 |
) |
Effects of exchange rate changes on cash and cash equivalents
|
|
|
8,495 |
|
|
|
65,610 |
|
Net decrease in cash, cash equivalents and restricted cash
|
|
|
(337,182 |
) |
|
|
(305,136 |
) |
Cash, cash equivalents and restricted cash, beginning of period
|
|
|
684,045 |
|
|
|
1,041,296 |
|
Cash, cash equivalents and restricted cash, end of period
|
|
$ |
346,863 |
|
|
$ |
736,160 |
|
Supplemental disclosures:
|
|
|
|
|
|
|
Cash paid for income taxes, net
|
|
|
6,710 |
|
|
|
41,064 |
|
Purchases of property, plant and equipment included in accounts payable and accrued expenses
|
|
|
2,203 |
|
|
|
2,437 |
|
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets
|
|
|
|
|
|
|
|
|
June 30,
|
|
|
September 30,
|
|
|
|
2024
|
|
|
2023
|
|
Cash and cash equivalents of continuing operations
|
|
$ |
336,543 |
|
|
$ |
678,910 |
|
Short-term restricted cash included in prepaid expenses and other current assets
|
|
|
2,771 |
|
|
|
4,650 |
|
Long-term restricted cash included in other assets
|
|
|
7,549 |
|
|
|
485 |
|
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows
|
|
$ |
346,863 |
|
|
$ |
684,045 |
|
Notes on Non-GAAP Financial Measures
Non-GAAP financial measures are used in addition to and in conjunction with results presented in accordance with GAAP and should not be relied upon to the exclusion of GAAP financial measures. Management adjusts the GAAP results for the impact of amortization of intangible assets, restructuring charges, purchase price accounting adjustments and charges related to M&A, non-recurring costs related to the Company’s business transformation initiatives and share repurchases to provide investors better perspective on the results of operations which the Company believes is more comparable to the similar analysis provided by its peers. Management also excludes special charges and gains, such as impairment losses, gains and losses from the sale of assets, certain tax benefits and charges, as well as other gains and charges that are not representative of the normal operations of the business. Management strongly encourages investors to review our financial statements and publicly filed reports in their entirety and not rely on any single measure.
|
|
Quarter Ended |
|
|
June 30, 2024
|
|
|
March 31, 2024
|
|
|
June 30, 2023
|
|
|
|
|
|
|
|
per diluted
|
|
|
|
|
|
|
per diluted
|
|
|
|
|
|
|
per diluted
|
|
Amounts in thousands, except per share data
|
|
$
|
|
|
share
|
|
|
$
|
|
|
share
|
|
|
$
|
|
|
share
|
|
Net loss from continuing operations
|
|
$ |
(6,582 |
) |
|
$ |
(0.12 |
) |
|
$ |
(136,880 |
) |
|
$ |
(2.47 |
) |
|
$ |
(2,463 |
) |
|
$ |
(0.04 |
) |
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of completed technology
|
|
|
6,316 |
|
|
|
0.12 |
|
|
|
6,373 |
|
|
|
0.11 |
|
|
|
4,656 |
|
|
|
0.07 |
|
Purchase accounting impact on inventory
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,956 |
|
|
|
0.05 |
|
Amortization of other intangible assets
|
|
|
6,621 |
|
|
|
0.13 |
|
|
|
6,654 |
|
|
|
0.12 |
|
|
|
7,522 |
|
|
|
0.12 |
|
Transformation costs (1)
|
|
|
4,255 |
|
|
|
0.08 |
|
|
|
4,446 |
|
|
|
0.08 |
|
|
|
21 |
|
|
|
0.00 |
|
Restructuring and restructuring related charges
|
|
|
2,064 |
|
|
|
0.04 |
|
|
|
7,344 |
|
|
|
0.13 |
|
|
|
812 |
|
|
|
0.01 |
|
Impairment of goodwill and intangible assets
|
|
|
— |
|
|
|
— |
|
|
|
115,975 |
|
|
|
2.09 |
|
|
|
— |
|
|
|
— |
|
Contingent consideration - fair value adjustments
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1,404 |
) |
|
|
(0.02 |
) |
Merger and acquisition costs and costs related to share repurchase (2)
|
|
|
74 |
|
|
|
0.00 |
|
|
|
426 |
|
|
|
0.01 |
|
|
|
219 |
|
|
|
0.00 |
|
Tax adjustments (3)
|
|
|
(9 |
) |
|
|
(0.00 |
) |
|
|
1,659 |
|
|
|
0.03 |
|
|
|
(31 |
) |
|
|
(0.00 |
) |
Tax effect of adjustments
|
|
|
(4,000 |
) |
|
|
(0.09 |
) |
|
|
(3,200 |
) |
|
|
(0.06 |
) |
|
|
(3,947 |
) |
|
|
(0.06 |
) |
Non-GAAP adjusted net income from continuing operations
|
|
$ |
8,739 |
|
|
$ |
0.16 |
|
|
$ |
2,797 |
|
|
$ |
0.05 |
|
|
$ |
8,341 |
|
|
$ |
0.13 |
|
Stock based compensation, pre-tax
|
|
|
3,818 |
|
|
|
0.07 |
|
|
|
5,602 |
|
|
|
0.10 |
|
|
|
3,995 |
|
|
|
0.06 |
|
Tax rate
|
|
|
15 |
% |
|
|
— |
|
|
|
15 |
% |
|
|
— |
|
|
|
15 |
% |
|
|
— |
|
Stock-based compensation, net of tax
|
|
|
3,245 |
|
|
|
0.07 |
|
|
|
4,762 |
|
|
|
0.09 |
|
|
|
3,396 |
|
|
|
0.05 |
|
Non-GAAP adjusted net income excluding stock-based compensation - continuing operations
|
|
$ |
11,984 |
|
|
$ |
0.23 |
|
|
$ |
7,559 |
|
|
$ |
0.14 |
|
|
$ |
11,737 |
|
|
$ |
0.18 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares used in computing non-GAAP diluted net income per share
|
|
|
— |
|
|
|
52,963 |
|
|
|
— |
|
|
|
55,440 |
|
|
|
— |
|
|
|
63,432 |
|
|
|
Nine Months Ended
|
|
|
|
June 30, 2024
|
|
|
June 30, 2023
|
|
|
|
|
|
|
|
per diluted
|
|
|
|
|
|
|
per diluted
|
|
Amounts in thousands, except per share data
|
|
$
|
|
|
share
|
|
|
$
|
|
|
share
|
|
Net loss from continuing operations
|
|
$ |
(159,186 |
) |
|
$ |
(2.90 |
) |
|
$ |
(15,689 |
) |
|
$ |
(0.23 |
) |
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of completed technology
|
|
|
18,315 |
|
|
|
0.33 |
|
|
|
13,725 |
|
|
|
0.20 |
|
Purchase accounting impact on inventory
|
|
|
— |
|
|
|
— |
|
|
|
8,737 |
|
|
|
0.13 |
|
Amortization of other intangible assets
|
|
|
20,136 |
|
|
|
0.37 |
|
|
|
22,403 |
|
|
|
0.33 |
|
Transformation costs(1)
|
|
|
8,742 |
|
|
|
0.16 |
|
|
|
(34 |
) |
|
|
(0.00 |
) |
Restructuring and restructuring related charges
|
|
|
10,528 |
|
|
|
0.19 |
|
|
|
3,773 |
|
|
|
0.06 |
|
Impairment of goodwill and intangible assets
|
|
|
115,975 |
|
|
|
2.11 |
|
|
|
— |
|
|
|
— |
|
Contingent consideration - fair value adjustments
|
|
|
— |
|
|
|
— |
|
|
|
(18,549 |
) |
|
|
(0.27 |
) |
Merger and acquisition costs and costs related to share repurchase (2)
|
|
|
4,821 |
|
|
|
0.09 |
|
|
|
12,075 |
|
|
|
0.18 |
|
Indemnification asset release
|
|
|
— |
|
|
|
— |
|
|
|
(19 |
) |
|
|
(0.00 |
) |
Tax adjustments (3)
|
|
|
3,508 |
|
|
|
0.06 |
|
|
|
(1,411 |
) |
|
|
(0.02 |
) |
Tax effect of adjustments
|
|
|
(9,888 |
) |
|
|
(0.18 |
) |
|
|
(11,881 |
) |
|
|
(0.17 |
) |
Non-GAAP adjusted net income from continuing operations
|
|
$ |
12,951 |
|
|
$ |
0.24 |
|
|
$ |
13,130 |
|
|
$ |
0.19 |
|
Stock-based compensation, pre-tax
|
|
|
12,622 |
|
|
|
0.23 |
|
|
|
10,091 |
|
|
|
0.15 |
|
Tax rate
|
|
|
15 |
% |
|
|
— |
|
|
|
15 |
% |
|
|
— |
|
Stock-based compensation, net of tax
|
|
|
10,729 |
|
|
$ |
0.20 |
|
|
|
8,577 |
|
|
$ |
0.13 |
|
Non-GAAP adjusted net income excluding stock-based compensation - continuing operations
|
|
$ |
23,680 |
|
|
$ |
0.43 |
|
|
$ |
21,707 |
|
|
$ |
0.32 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares used in computing non-GAAP diluted net income per share
|
|
|
— |
|
|
|
54,914 |
|
|
|
— |
|
|
|
68,494 |
|
(1)
|
Transformation costs represent non-recurring expenses for strategic projects with anticipated long-term benefits to the Company focused on cost reduction and productivity improvement that do not meet the definition of restructuring charges. These costs are directed at simplifying, standardizing, streamlining, and optimizing the Company’s operations, processes and systems to permanently alter the Company’s operations for the long term. For a project to be considered transformational, successful completion of the project must be expected to bring long-term material benefits to the organization and involve significant changes to process and/or underlying technology. Transformation costs in the period result from actions taken as part of the Company’s 2024 transformation plan, and primarily relate to one time asset write downs associated with changes in technology, one time inventory write downs relating to restructuring actions taken in the period, and third-party consulting costs associated with process & systems re-design.
|
(2)
|
Includes expenses related to governance-related matters.
|
(3)
|
Tax adjustments during all periods include adjustments to tax benefits related to stock compensation. These adjustments are recognized in the period of vesting for US GAAP but included in the annual effective tax rate for Non-GAAP reporting. Tax adjustments for the nine months ended June 30, 2024 exclude the impact of recording valuation allowance adjustments against U.S. and foreign deferred tax assets in the amount of $2.4M and tax adjustments for the nine months ended June 30, 2023 exclude a $1.3M US GAAP tax benefit related to an incentive tax rate change in China.
|
|
|
Quarter Ended
|
|
|
Nine Months Ended
|
|
|
|
June 30,
|
|
|
March 31,
|
|
|
June 30,
|
|
|
June 30,
|
|
|
June 30,
|
|
Dollars in thousands
|
|
2024
|
|
|
2024
|
|
|
2023
|
|
|
2024
|
|
|
2023
|
|
GAAP net loss
|
|
$ |
(6,582 |
) |
|
$ |
(136,880 |
) |
|
$ |
(1,470 |
) |
|
$ |
(159,186 |
) |
|
$ |
(17,632 |
) |
Less: Income (loss) from discontinued operations
|
|
|
— |
|
|
|
— |
|
|
|
993 |
|
|
|
— |
|
|
|
(1,943 |
) |
GAAP net loss from continuing operations
|
|
|
(6,582 |
) |
|
|
(136,880 |
) |
|
|
(2,463 |
) |
|
|
(159,186 |
) |
|
|
(15,689 |
) |
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less: Interest income, net
|
|
|
(8,004 |
) |
|
|
(9,565 |
) |
|
|
(11,347 |
) |
|
|
(27,650 |
) |
|
|
(32,406 |
) |
Add / Less: Income tax (benefit) expense
|
|
|
(450 |
) |
|
|
(260 |
) |
|
|
(1,207 |
) |
|
|
(900 |
) |
|
|
(9,107 |
) |
Add: Depreciation
|
|
|
9,749 |
|
|
|
9,321 |
|
|
|
9,126 |
|
|
|
28,446 |
|
|
|
27,315 |
|
Add: Amortization of completed technology
|
|
|
6,316 |
|
|
|
6,373 |
|
|
|
4,656 |
|
|
|
18,315 |
|
|
|
13,725 |
|
Add: Amortization of other intangible assets
|
|
|
6,621 |
|
|
|
6,654 |
|
|
|
7,522 |
|
|
|
20,136 |
|
|
|
22,403 |
|
Earnings before interest, taxes, depreciation and amortization - Continuing operations
|
|
$ |
7,650 |
|
|
$ |
(124,357 |
) |
|
$ |
6,287 |
|
|
$ |
(120,839 |
) |
|
$ |
6,241 |
|
|
|
Quarter Ended
|
|
|
Nine Months Ended
|
|
|
|
June 30,
|
|
|
March 31,
|
|
|
June 30,
|
|
|
June 30,
|
|
|
June 30,
|
|
Dollars in thousands
|
|
2024
|
|
|
2024
|
|
|
2023
|
|
|
2024
|
|
|
2023
|
|
Earnings before interest, taxes, depreciation and amortization - Continuing operations
|
|
$ |
7,650 |
|
|
$ |
(124,357 |
) |
|
$ |
6,287 |
|
|
$ |
(120,839 |
) |
|
$ |
6,241 |
|
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Add: Stock-based compensation
|
|
|
3,818 |
|
|
|
5,602 |
|
|
|
3,995 |
|
|
|
12,622 |
|
|
|
10,091 |
|
Add: Purchase accounting impact on inventory
|
|
|
— |
|
|
|
— |
|
|
|
2,956 |
|
|
|
— |
|
|
|
8,737 |
|
Add: Restructuring and restructuring related charges
|
|
|
2,064 |
|
|
|
7,344 |
|
|
|
812 |
|
|
|
10,528 |
|
|
|
3,773 |
|
Add: Merger and acquisition costs and costs related to share repurchase(1)
|
|
|
74 |
|
|
|
426 |
|
|
|
219 |
|
|
|
4,821 |
|
|
|
12,075 |
|
Add: Impairment of goodwill and intangible assets
|
|
|
— |
|
|
|
115,975 |
|
|
|
— |
|
|
|
115,975 |
|
|
|
— |
|
Less: Contingent consideration - fair value adjustments
|
|
|
— |
|
|
|
— |
|
|
|
(1,404 |
) |
|
|
— |
|
|
|
(18,549 |
) |
Less: Transformation costs(2)
|
|
|
4,255 |
|
|
|
4,446 |
|
|
|
21 |
|
|
|
8,742 |
|
|
|
(34 |
) |
Less: Indemnification asset release
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(19 |
) |
Adjusted earnings before interest, taxes, depreciation and amortization - Continuing operations
|
|
$ |
17,861 |
|
|
$ |
9,436 |
|
|
$ |
12,886 |
|
|
$ |
31,849 |
|
|
$ |
22,315 |
|
(1)
|
Includes expenses related to governance-related matters.
|
(2)
|
Transformation costs represent non-recurring expenses for strategic projects with anticipated long-term benefits to the Company focused on cost reduction and productivity improvement that do not meet the definition of restructuring charges. These costs are directed at simplifying, standardizing, streamlining, and optimizing the Company’s operations, processes and systems to permanently alter the Company’s operations for the long term. For a project to be considered transformational, successful completion of the project must be expected to bring long-term material benefits to the organization and involve significant changes to process and/or underlying technology. Transformation costs in the period result from actions taken as part of the Company’s 2024 transformation plan, and primarily relate to one time asset write downs associated with changes in technology, one time inventory write downs relating to restructuring actions taken in the period, and third-party consulting costs associated with process & systems re-design.
|
|
|
Quarter Ended
|
|
Dollars in thousands
|
|
June 30, 2024
|
|
|
March 31, 2024
|
|
|
June 30, 2023
|
|
GAAP gross profit
|
|
$ |
69,056 |
|
|
|
40.0 |
% |
|
$ |
63,385 |
|
|
|
39.8 |
% |
|
$ |
68,005 |
|
|
|
41.0 |
% |
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of completed technology
|
|
|
6,316 |
|
|
|
3.7 |
% |
|
|
6,373 |
|
|
|
4.0 |
% |
|
|
4,656 |
|
|
|
2.8 |
% |
Purchase accounting impact on inventory
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,956 |
|
|
|
1.8 |
% |
Transformation costs(1)
|
|
|
2,656 |
|
|
|
1.5 |
% |
|
|
710 |
|
|
|
0.4 |
% |
|
|
— |
|
|
|
— |
|
Non-GAAP adjusted gross profit
|
|
$ |
78,028 |
|
|
|
45.2 |
% |
|
$ |
70,468 |
|
|
|
44.3 |
% |
|
$ |
75,617 |
|
|
|
45.6 |
% |
|
|
Nine Months Ended
|
|
Dollars in thousands
|
|
June 30, 2024
|
|
|
June 30, 2023
|
|
GAAP gross profit
|
|
$ |
193,953 |
|
|
|
39.9 |
% |
|
$ |
195,106 |
|
|
|
39.6 |
% |
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of completed technology
|
|
|
18,315 |
|
|
|
3.8 |
% |
|
|
13,725 |
|
|
|
2.8 |
% |
Purchase accounting impact on inventory
|
|
|
— |
|
|
|
— |
|
|
|
8,737 |
|
|
|
1.8 |
% |
Transformation costs(1)
|
|
|
3,365 |
|
|
|
0.7 |
% |
|
|
— |
|
|
|
— |
|
Non-GAAP adjusted gross profit
|
|
$ |
215,633 |
|
|
|
44.3 |
% |
|
$ |
217,568 |
|
|
|
44.2 |
% |
(1)
|
Transformation costs represent non-recurring expenses for strategic projects with anticipated long-term benefits to the Company focused on cost reduction and productivity improvement that do not meet the definition of restructuring charges. These costs are directed at simplifying, standardizing, streamlining, and optimizing the Company’s operations, processes and systems to permanently alter the Company’s operations for the long term. For a project to be considered transformational, successful completion of the project must be expected to bring long-term material benefits to the organization and involve significant changes to process and/or underlying technology. Transformation costs in the period result from actions taken as part of the Company’s 2024 transformation plan, and primarily relate to one time asset write downs associated with changes in technology, one time inventory write downs relating to restructuring actions taken in the period, and third-party consulting costs associated with process & systems re-design.
|
|
|
Sample Management Solutions
|
|
|
Multiomics
|
|
|
|
Quarter Ended
|
|
|
Quarter Ended
|
|
|
|
June 30,
|
|
|
March 31,
|
|
|
June 30,
|
|
|
June 30,
|
|
|
March 31,
|
|
|
June 30,
|
|
Dollars in thousands
|
|
2024
|
|
|
2024
|
|
|
2023
|
|
|
2024
|
|
|
2024
|
|
|
2023
|
|
GAAP gross profit
|
|
$ |
36,279 |
|
|
|
45.0 |
% |
|
$ |
32,943 |
|
|
|
44.4 |
% |
|
$ |
34,930 |
|
|
|
46.4 |
% |
|
$ |
29,199 |
|
|
|
45.9 |
% |
|
$ |
27,721 |
|
|
|
44.6 |
% |
|
$ |
28,294 |
|
|
|
44.3 |
% |
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of completed technology
|
|
|
1,010 |
|
|
|
1.3 |
% |
|
|
1,027 |
|
|
|
1.4 |
% |
|
|
744 |
|
|
|
1.0 |
% |
|
|
1,038 |
|
|
|
1.6 |
% |
|
|
1,040 |
|
|
|
1.7 |
% |
|
|
1,220 |
|
|
|
1.9 |
% |
Transformation costs(1)
|
|
|
(127 |
) |
|
|
(0.2 |
)% |
|
|
359 |
|
|
|
0.5 |
% |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Non-GAAP adjusted gross profit
|
|
$ |
37,162 |
|
|
|
46.1 |
% |
|
$ |
34,329 |
|
|
|
46.3 |
% |
|
$ |
35,674 |
|
|
|
47.4 |
% |
|
$ |
30,237 |
|
|
|
47.5 |
% |
|
$ |
28,761 |
|
|
|
46.2 |
% |
|
$ |
29,514 |
|
|
|
46.2 |
% |
|
|
B Medical Systems
|
|
|
Segment Total
|
|
|
|
Quarter Ended
|
|
|
Quarter Ended
|
|
|
|
June 30,
|
|
|
March 31,
|
|
|
June 30,
|
|
|
June 30,
|
|
|
March 31,
|
|
|
June 30,
|
|
Dollars in thousands
|
|
2024
|
|
|
2024
|
|
|
2023
|
|
|
2024
|
|
|
2024
|
|
|
2023
|
|
GAAP gross profit
|
|
$ |
3,578 |
|
|
|
12.5 |
% |
|
$ |
2,721 |
|
|
|
11.9 |
% |
|
$ |
4,781 |
|
|
|
17.9 |
% |
|
$ |
69,056 |
|
|
|
40.0 |
% |
|
$ |
63,385 |
|
|
|
39.8 |
% |
|
$ |
68,005 |
|
|
|
41.0 |
% |
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of completed technology
|
|
|
4,268 |
|
|
|
15.0 |
% |
|
|
4,306 |
|
|
|
18.9 |
% |
|
|
2,692 |
|
|
|
10.1 |
% |
|
|
6,316 |
|
|
|
3.7 |
% |
|
|
6,373 |
|
|
|
4.0 |
% |
|
|
4,656 |
|
|
|
2.8 |
% |
Purchase accounting impact on inventory
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,956 |
|
|
|
11.0 |
% |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,956 |
|
|
|
1.8 |
% |
Transformation costs(1)
|
|
|
2,783 |
|
|
|
9.8 |
% |
|
|
351 |
|
|
|
1.5 |
% |
|
|
— |
|
|
|
— |
|
|
|
2,656 |
|
|
|
1.5 |
% |
|
|
710 |
|
|
|
0.4 |
% |
|
|
— |
|
|
|
— |
|
Non-GAAP adjusted gross profit
|
|
$ |
10,629 |
|
|
|
37.3 |
% |
|
$ |
7,378 |
|
|
|
32.4 |
% |
|
$ |
10,429 |
|
|
|
39.0 |
% |
|
$ |
78,028 |
|
|
|
45.2 |
% |
|
$ |
70,468 |
|
|
|
44.3 |
% |
|
$ |
75,617 |
|
|
|
45.6 |
% |
|
|
Sample Management Solutions
|
|
|
Multiomics
|
|
|
|
Nine Months Ended
|
|
|
Nine Months Ended
|
|
Dollars in thousands
|
|
June 30, 2024
|
|
|
June 30, 2023
|
|
|
June 30, 2024
|
|
|
June 30, 2023
|
|
GAAP gross profit
|
|
$ |
102,494 |
|
|
|
43.8 |
% |
|
$ |
94,509 |
|
|
|
42.6 |
% |
|
$ |
85,391 |
|
|
|
45.3 |
% |
|
$ |
83,013 |
|
|
|
44.4 |
% |
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of completed technology
|
|
|
2,853 |
|
|
|
1.2 |
% |
|
|
2,106 |
|
|
|
0.9 |
% |
|
|
3,117 |
|
|
|
1.7 |
% |
|
|
3,661 |
|
|
|
2.0 |
% |
Transformation costs(1)
|
|
|
231 |
|
|
|
0.1 |
% |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Non-GAAP adjusted gross profit
|
|
$ |
105,578 |
|
|
|
45.2 |
% |
|
$ |
96,615 |
|
|
|
43.6 |
% |
|
$ |
88,508 |
|
|
|
46.9 |
% |
|
$ |
86,674 |
|
|
|
46.3 |
% |
|
|
B Medical Systems
|
|
|
Segment Total
|
|
|
|
Nine Months Ended
|
|
|
Nine Months Ended
|
|
Dollars in thousands
|
|
June 30, 2024
|
|
|
June 30, 2023
|
|
|
June 30, 2024
|
|
|
June 30, 2023
|
|
GAAP gross profit
|
|
$ |
6,068 |
|
|
|
9.5 |
% |
|
$ |
17,584 |
|
|
|
21.0 |
% |
|
$ |
193,953 |
|
|
|
39.9 |
% |
|
$ |
195,106 |
|
|
|
39.6 |
% |
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of completed technology
|
|
|
12,345 |
|
|
|
19.3 |
% |
|
|
7,957 |
|
|
|
9.5 |
% |
|
|
18,315 |
|
|
|
3.8 |
% |
|
|
13,724 |
|
|
|
2.8 |
% |
Purchase accounting impact on inventory and contracts acquired
|
|
|
— |
|
|
|
— |
|
|
|
8,737 |
|
|
|
10.4 |
% |
|
|
— |
|
|
|
— |
|
|
|
8,737 |
|
|
|
1.8 |
% |
Transformation costs(1)
|
|
|
3,134 |
|
|
|
4.9 |
% |
|
|
— |
|
|
|
— |
|
|
|
3,365 |
|
|
|
0.7 |
% |
|
|
— |
|
|
|
— |
|
Non-GAAP adjusted gross profit
|
|
$ |
21,547 |
|
|
|
33.7 |
% |
|
$ |
34,278 |
|
|
|
41.0 |
% |
|
$ |
215,633 |
|
|
|
44.3 |
% |
|
$ |
217,567 |
|
|
|
44.2 |
% |
(1)
|
Transformation costs represent non-recurring expenses for strategic projects with anticipated long-term benefits to the Company focused on cost reduction and productivity improvement that do not meet the definition of restructuring charges. These costs are directed at simplifying, standardizing, streamlining, and optimizing the Company’s operations, processes and systems to permanently alter the Company’s operations for the long term. For a project to be considered transformational, successful completion of the project must be expected to bring long-term material benefits to the organization and involve significant changes to process and/or underlying technology. Transformation costs in the period result from actions taken as part of the Company’s 2024 transformation plan, and primarily relate to one time asset write downs associated with changes in technology, one time inventory write downs relating to restructuring actions taken in the period, and third-party consulting costs associated with process & systems re-design.
|
|
|
Sample Management Solutions
|
|
|
Multiomics
|
|
|
B Medical Systems
|
|
|
|
Quarter Ended
|
|
|
Quarter Ended
|
|
|
Quarter Ended
|
|
|
|
June 30,
|
|
|
March 31,
|
|
|
June 30,
|
|
|
June 30,
|
|
|
March 31,
|
|
|
June 30,
|
|
|
June 30,
|
|
|
March 31,
|
|
|
June 30,
|
|
Dollars in thousands
|
|
2024
|
|
|
2024
|
|
|
2023
|
|
|
2024
|
|
|
2024
|
|
|
2023
|
|
|
2024
|
|
|
2024
|
|
|
2023
|
|
GAAP operating (loss) profit
|
|
$ |
2,469 |
|
|
$ |
(3,005 |
) |
|
$ |
70 |
|
|
$ |
(1,768 |
) |
|
$ |
(4,006 |
) |
|
$ |
(4,632 |
) |
|
$ |
(5,142 |
) |
|
$ |
(5,810 |
) |
|
$ |
(4,129 |
) |
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of completed technology
|
|
|
1,010 |
|
|
|
1,027 |
|
|
|
744 |
|
|
|
1,038 |
|
|
|
1,040 |
|
|
|
1,220 |
|
|
|
4,268 |
|
|
|
4,306 |
|
|
|
2,692 |
|
Purchase accounting impact on inventory
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,956 |
|
Amortization of other intangible assets
|
|
|
51 |
|
|
|
52 |
|
|
|
(1 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
Transformation costs(1)
|
|
|
(127 |
) |
|
|
359 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,783 |
|
|
|
351 |
|
|
|
— |
|
Other adjustment
|
|
|
1 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Non-GAAP adjusted operating (loss) profit
|
|
$ |
3,404 |
|
|
$ |
(1,567 |
) |
|
$ |
813 |
|
|
$ |
(730 |
) |
|
$ |
(2,966 |
) |
|
$ |
(3,412 |
) |
|
$ |
1,908 |
|
|
$ |
(1,153 |
) |
|
$ |
1,520 |
|
|
|
Total Segments
|
|
|
Corporate
|
|
|
Total
|
|
|
|
Quarter Ended
|
|
|
Quarter Ended
|
|
|
Quarter Ended
|
|
|
|
June 30,
|
|
|
March 31,
|
|
|
June 30,
|
|
|
June 30,
|
|
|
March 31,
|
|
|
June 30,
|
|
|
June 30,
|
|
|
March 31,
|
|
|
June 30,
|
|
Dollars in thousands
|
|
2024
|
|
|
2024
|
|
|
2023
|
|
|
2024
|
|
|
2024
|
|
|
2023
|
|
|
2024
|
|
|
2024
|
|
|
2023
|
|
GAAP operating loss
|
|
$ |
(4,441 |
) |
|
$ |
(12,821 |
) |
|
$ |
(8,691 |
) |
|
$ |
(10,313 |
) |
|
$ |
(134,134 |
) |
|
$ |
(7,145 |
) |
|
$ |
(14,754 |
) |
|
$ |
(146,955 |
) |
|
$ |
(15,836 |
) |
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of completed technology
|
|
|
6,316 |
|
|
|
6,373 |
|
|
|
4,656 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
6,316 |
|
|
|
6,373 |
|
|
|
4,656 |
|
Purchase accounting impact on inventory
|
|
|
— |
|
|
|
— |
|
|
|
2,956 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,956 |
|
Amortization of other intangible assets
|
|
|
51 |
|
|
|
52 |
|
|
|
— |
|
|
|
6,570 |
|
|
|
6,602 |
|
|
|
7,522 |
|
|
|
6,621 |
|
|
|
6,654 |
|
|
|
7,522 |
|
Transformation costs(1)
|
|
|
2,656 |
|
|
|
710 |
|
|
|
— |
|
|
|
1,599 |
|
|
|
3,736 |
|
|
|
21 |
|
|
|
4,255 |
|
|
|
4,446 |
|
|
|
21 |
|
Restructuring charges
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,064 |
|
|
|
7,344 |
|
|
|
812 |
|
|
|
2,064 |
|
|
|
7,344 |
|
|
|
812 |
|
Impairment of goodwill and intangible assets
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
115,975 |
|
|
|
— |
|
|
|
— |
|
|
|
115,975 |
|
|
|
— |
|
Contingent consideration adjustment
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1,404 |
) |
|
|
— |
|
|
|
— |
|
|
|
(1,404 |
) |
Merger and acquisition costs and costs related to share repurchase (2)
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
74 |
|
|
|
426 |
|
|
|
219 |
|
|
|
74 |
|
|
|
426 |
|
|
|
219 |
|
Other adjustment
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1 |
) |
|
|
— |
|
|
|
(2 |
) |
|
|
(1 |
) |
|
|
— |
|
|
|
(2 |
) |
Non-GAAP adjusted operating (loss) profit
|
|
$ |
4,582 |
|
|
$ |
(5,686 |
) |
|
$ |
(1,079 |
) |
|
$ |
(7 |
) |
|
$ |
(51 |
) |
|
$ |
23 |
|
|
$ |
4,575 |
|
|
$ |
(5,737 |
) |
|
$ |
(1,056 |
) |
|
|
Sample Management Solutions
|
|
|
Multiomics
|
|
|
B Medical Systems
|
|
|
|
Nine Months Ended
|
|
|
Nine Months Ended
|
|
|
Nine Months Ended
|
|
Dollars in thousands
|
|
June 30,
|
|
|
June 30,
|
|
|
June 30,
|
|
|
June 30,
|
|
|
June 30,
|
|
|
June 30,
|
|
|
|
2024
|
|
|
2023
|
|
|
2024
|
|
|
2023
|
|
|
2024
|
|
|
2023
|
|
GAAP operating loss
|
|
$ |
(2,259 |
) |
|
$ |
(10,627 |
) |
|
$ |
(10,264 |
) |
|
$ |
(14,150 |
) |
|
$ |
(19,133 |
) |
|
$ |
(13,604 |
) |
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of completed technology
|
|
|
2,853 |
|
|
|
2,106 |
|
|
|
3,117 |
|
|
|
3,661 |
|
|
|
12,345 |
|
|
|
7,957 |
|
Purchase accounting impact on inventory
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
8,737 |
|
Amortization of other intangibles
|
|
|
154 |
|
|
|
259 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,366 |
|
Transformation costs(1)
|
|
|
231 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,134 |
|
|
|
— |
|
Other adjustment
|
|
|
2 |
|
|
|
1 |
|
|
|
— |
|
|
|
2 |
|
|
|
— |
|
|
|
— |
|
Non-GAAP adjusted operating (loss) profit
|
|
$ |
981 |
|
|
$ |
(8,261 |
) |
|
$ |
(7,147 |
) |
|
$ |
(10,487 |
) |
|
$ |
(3,654 |
) |
|
$ |
4,456 |
|
|
|
Total Segments
|
|
|
Corporate
|
|
|
Total
|
|
|
|
Nine Months Ended
|
|
|
Nine Months Ended
|
|
|
Nine Months Ended
|
|
Dollars in thousands
|
|
June 30,
|
|
|
June 30,
|
|
|
June 30,
|
|
|
June 30,
|
|
|
June 30,
|
|
|
June 30,
|
|
|
|
2024
|
|
|
2023
|
|
|
2024
|
|
|
2023
|
|
|
2024
|
|
|
2023
|
|
GAAP operating loss
|
|
$ |
(31,656 |
) |
|
$ |
(38,381 |
) |
|
$ |
(156,730 |
) |
|
$ |
(18,117 |
) |
|
$ |
(188,386 |
) |
|
$ |
(56,498 |
) |
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of completed technology
|
|
|
18,315 |
|
|
|
13,724 |
|
|
|
— |
|
|
|
1 |
|
|
|
18,315 |
|
|
|
13,725 |
|
Purchase accounting impact on inventory
|
|
|
— |
|
|
|
8,737 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
8,737 |
|
Amortization of other intangibles
|
|
|
154 |
|
|
|
1,625 |
|
|
|
19,982 |
|
|
|
20,778 |
|
|
|
20,136 |
|
|
|
22,403 |
|
Transformation costs(1)
|
|
|
3,365 |
|
|
|
— |
|
|
|
5,377 |
|
|
|
(34 |
) |
|
|
8,742 |
|
|
|
(34 |
) |
Restructuring and restructuring related charges
|
|
|
— |
|
|
|
— |
|
|
|
10,528 |
|
|
|
3,773 |
|
|
|
10,528 |
|
|
|
3,773 |
|
Impairment of goodwill and intangible assets
|
|
|
— |
|
|
|
— |
|
|
|
115,975 |
|
|
|
— |
|
|
|
115,975 |
|
|
|
— |
|
Contingent consideration - fair value adjustments
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(18,549 |
) |
|
|
— |
|
|
|
(18,549 |
) |
Merger and acquisition costs and costs related to share repurchase (2)
|
|
|
— |
|
|
|
— |
|
|
|
4,821 |
|
|
|
12,075 |
|
|
|
4,821 |
|
|
|
12,075 |
|
Other adjustment
|
|
|
2 |
|
|
|
3 |
|
|
|
(1 |
) |
|
|
(3 |
) |
|
|
1 |
|
|
|
— |
|
Non-GAAP adjusted operating loss
|
|
$ |
(9,820 |
) |
|
$ |
(14,292 |
) |
|
$ |
(48 |
) |
|
$ |
(76 |
) |
|
$ |
(9,868 |
) |
|
$ |
(14,368 |
) |
(1)
|
Transformation costs represent non-recurring expenses for strategic projects with anticipated long-term benefits to the Company focused on cost reduction and productivity improvement that do not meet the definition of restructuring charges. These costs are directed at simplifying, standardizing, streamlining, and optimizing the Company’s operations, processes and systems to permanently alter the Company’s operations for the long term. For a project to be considered transformational, successful completion of the project must be expected to bring long-term material benefits to the organization and involve significant changes to process and/or underlying technology. Transformation costs in the period result from actions taken as part of the Company’s 2024 transformation plan, and primarily relate to one time asset write downs associated with changes in technology, one time inventory write downs relating to restructuring actions taken in the period, and third-party consulting costs associated with process & systems re-design.
|
(2)
|
Includes expenses related to governance-related matters.
|
|
|
Sample Management Solutions
|
|
|
Multiomics
|
|
|
B Medical Systems
|
|
|
Azenta Total
|
|
|
|
Quarter Ended
|
|
|
Quarter Ended
|
|
|
Quarter Ended
|
|
|
Quarter Ended
|
|
|
|
June 30,
|
|
|
June 30,
|
|
|
|
|
|
|
June 30,
|
|
|
June 30,
|
|
|
|
|
|
|
June 30,
|
|
|
June 30,
|
|
|
|
|
|
|
June 30,
|
|
|
June 30,
|
|
|
|
|
|
Dollars in millions
|
|
2024
|
|
|
2023
|
|
|
Change
|
|
|
2024
|
|
|
2023
|
|
|
Change
|
|
|
2024
|
|
|
2023
|
|
|
Change
|
|
|
2024
|
|
|
2023
|
|
|
Change
|
|
Revenue
|
|
$ |
81 |
|
|
$ |
75 |
|
|
|
7 |
% |
|
$ |
64 |
|
|
$ |
64 |
|
|
|
(0 |
)% |
|
$ |
29 |
|
|
$ |
27 |
|
|
|
7 |
% |
|
$ |
173 |
|
|
$ |
166 |
|
|
|
4 |
% |
Acquisitions/divestitures
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Currency exchange rates
|
|
|
(0 |
) |
|
|
— |
|
|
|
0 |
% |
|
|
(1 |
) |
|
|
— |
|
|
|
1 |
% |
|
|
(0 |
) |
|
|
— |
|
|
|
1 |
% |
|
|
(1 |
) |
|
|
— |
|
|
|
1 |
% |
Organic revenue
|
|
$ |
81 |
|
|
$ |
75 |
|
|
|
7 |
% |
|
$ |
64 |
|
|
$ |
64 |
|
|
|
1 |
% |
|
$ |
29 |
|
|
$ |
27 |
|
|
|
8 |
% |
|
$ |
174 |
|
|
$ |
166 |
|
|
|
5 |
% |
|
|
Sample Management Solutions
|
|
|
Multiomics
|
|
|
B Medical Systems
|
|
|
Azenta Total
|
|
|
|
Nine Months Ended
|
|
|
Nine Months Ended
|
|
|
Nine Months Ended
|
|
|
Nine Months Ended
|
|
|
|
June 30,
|
|
|
June 30,
|
|
|
|
|
|
|
June 30,
|
|
|
June 30,
|
|
|
|
|
|
|
June 30,
|
|
|
June 30,
|
|
|
|
|
|
|
June 30,
|
|
|
June 30,
|
|
|
|
|
|
Dollars in millions
|
|
2024
|
|
|
2023
|
|
|
Change
|
|
|
2024
|
|
|
2023
|
|
|
Change
|
|
|
2024
|
|
|
2023
|
|
|
Change
|
|
|
2024
|
|
|
2023
|
|
|
Change
|
|
Revenue
|
|
$ |
234 |
|
|
$ |
222 |
|
|
|
5 |
% |
|
$ |
189 |
|
|
$ |
187 |
|
|
|
1 |
% |
|
$ |
64 |
|
|
$ |
84 |
|
|
|
(24 |
)% |
|
$ |
486 |
|
|
$ |
493 |
|
|
|
(1 |
)% |
Acquisitions/divestitures
|
|
|
1 |
|
|
|
— |
|
|
|
(1 |
)% |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
— |
|
|
|
(0 |
)% |
Currency exchange rates
|
|
|
2 |
|
|
|
— |
|
|
|
(1 |
)% |
|
|
(1 |
) |
|
|
— |
|
|
|
1 |
% |
|
|
1 |
|
|
|
— |
|
|
|
(1 |
)% |
|
|
1 |
|
|
|
— |
|
|
|
(0 |
)% |
Organic revenue
|
|
$ |
231 |
|
|
$ |
222 |
|
|
|
4 |
% |
|
$ |
190 |
|
|
$ |
187 |
|
|
|
1 |
% |
|
$ |
63 |
|
|
$ |
84 |
|
|
|
(24 |
)% |
|
$ |
484 |
|
|
$ |
493 |
|
|
|
(2 |
)% |
v3.24.2.u1
Document And Entity Information
|
Aug. 06, 2024 |
Document Information [Line Items] |
|
Entity, Registrant Name |
Azenta, Inc.
|
Document, Type |
8-K
|
Document, Period End Date |
Aug. 06, 2024
|
Entity, Incorporation, State or Country Code |
DE
|
Entity, File Number |
0-25434
|
Entity, Tax Identification Number |
04-3040660
|
Entity, Address, Address Line One |
200 Summit Drive
|
Entity, Address, City or Town |
Burlington
|
Entity, Address, State or Province |
MA
|
Entity, Address, Postal Zip Code |
01803
|
City Area Code |
978
|
Local Phone Number |
262-2400
|
Written Communications |
false
|
Soliciting Material |
false
|
Pre-commencement Tender Offer |
false
|
Pre-commencement Issuer Tender Offer |
false
|
Title of 12(b) Security |
Common Stock, $0.01 par value
|
Trading Symbol |
AZTA
|
Security Exchange Name |
NASDAQ
|
Entity, Emerging Growth Company |
false
|
Amendment Flag |
false
|
Entity, Central Index Key |
0000933974
|
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
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dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
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dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
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dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
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dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
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Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
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Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the state or province.
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dei_EntityAddressStateOrProvince |
Namespace Prefix: |
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Data Type: |
dei:stateOrProvinceItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
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dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
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dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
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Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
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dei_EntityFileNumber |
Namespace Prefix: |
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Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
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dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
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Namespace Prefix: |
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|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
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|
X |
- DefinitionLocal phone number for entity.
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Namespace Prefix: |
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Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
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Period Type: |
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|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 13e -Subsection 4c
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Period Type: |
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X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 14d -Subsection 2b
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Namespace Prefix: |
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Period Type: |
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X |
- DefinitionTitle of a 12(b) registered security.
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Period Type: |
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- DefinitionName of the Exchange on which a security is registered.
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- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Section 14a -Number 240 -Subsection 12
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Namespace Prefix: |
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Data Type: |
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Balance Type: |
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Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
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dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
dei:tradingSymbolItemType |
Balance Type: |
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Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Securities Act -Number 230 -Section 425
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dei_WrittenCommunications |
Namespace Prefix: |
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Azenta (NASDAQ:AZTA)
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Azenta (NASDAQ:AZTA)
過去 株価チャート
から 8 2023 まで 8 2024