Mar 20, 03:50 AM

Singular Genomics to Lay off 20% of Workforce, Q4 Revenues Up 41%, Saves $20M/Year, Extends Cash Runway to Late 2026

Singular Genomics Systems, Inc. reported its Q4 2023 earnings call transcript. The company plans to lay off 20% of its workforce to save $20 million annually and extend cash runway. Q4 revenues increased by 41%.

Written with ChatGPT (GPT-3).

Sources

Open Outcrier@OpenOutcrier
2 years ago
$OBLG (+71.4% pre) Oblong Announces Financial Results for Fourth Quarter 2023 and Provides Business Update - SI https://t.co/OGFc04GEO2
GenomeWeb@GenomeWeb
2 years ago
Singular Genomics to Lay off 20 Percent of Workforce, Q4 Revenues up 41 Percent https://t.co/ZHgKXZoZtu
GenomeWeb@GenomeWeb
2 years ago
Singular Genomics to Lay off 20 Percent of Workforce, Q4 Revenues up 41 Percent. Along with other operating expense reductions, the firm expects to save approximately $20 million a year and extend its cash runway to late 2026. https://t.co/GsSK6AeHic

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Singular Genomics to Lay off 20% of Workforce, Q4 Revenues Up 41%, Saves $20M/Year, Extends Cash Runway to Late 2026

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