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Arphra AIPlain-English read on Azenta, Inc.’s valuationIncome statement
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Revenue & profit | |||||||||
| Revenue | $513.7M | $555.5M | $665.07M | $573.45M | $593.82M | $600.45M | $629.52M | $675.03M | $683.5M |
| Cost of revenue | $299.19M | $324.88M | $431.82M | $318.83M | $323.54M | $341.56M | $372.15M | $399.35M | $394.47M |
| Gross profit | $214.51M | $230.62M | $233.26M | $254.62M | $270.28M | $245.03M | $259.37M | $286.82M | $287.88M |
| Gross margin | +41.76% | +41.52% | +35.07% | +44.40% | +45.52% | +40.81% | +41.20% | +42.49% | +42.12% |
| Operating | |||||||||
| Research & development | $22.41M | $27.54M | $33.96M | $31.52M | $30.39M | $31.14M | $33.59M | $35.63M | $35.24M |
| Selling, general & administrative | $188.5M | $227.1M | $281.5M | $253.08M | $251.16M | $261.34M | $262.48M | $294.73M | $301.26M |
| Total operating expenses | $210.91M | $254.64M | $315.45M | $284.6M | $281.55M | $294.84M | $297.47M | $330.59M | $327.92M |
| Operating income | $3.6M | -$24.02M | -$82.2M | -$29.98M | -$11.27M | -$39.05M | -$41.83M | -$43.41M | -$43.56M |
| Operating margin | +0.70% | -4.32% | -12.36% | -5.23% | -1.90% | -6.50% | -6.64% | -6.43% | -6.37% |
| EBITDA | $9.94M | $48.36M | $55.15M | $71.62M | $54.07M | $61.24M | $62.88M | $66.97M | $68.09M |
| EBIT | -$46.93M | -$5.35M | -$30.43M | -$19.13M | -$7.14M | -$18.02M | -$18.64M | -$20.74M | -$20.2M |
| Below the line | |||||||||
| Interest expense | $2.04M | $4.59M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest income | $632K | $20.29M | $43.74M | $33.18M | $18.78M | $30.41M | $32.3M | $35.94M | $34.69M |
| Other income / expense | -$52.57M | $14.09M | $51.77M | $10.86M | $4.13M | — | — | — | — |
| Pre-tax income | -$48.97M | -$9.94M | -$30.43M | -$19.13M | -$7.14M | -$18.21M | -$19.15M | -$20.63M | -$20.37M |
| Income tax expense | -$20.1M | $1.35M | -$17.55M | $5.24M | -$31.6M | — | — | — | — |
| Earnings | |||||||||
| Net income | $110.75M | -$428.96M | -$14.26M | -$164.9M | -$55.76M | -$82.64M | -$83.72M | -$89.93M | -$92.74M |
| Net income · continuing ops | -$28.87M | -$11.29M | -$12.88M | -$24.37M | $24.46M | -$4.13M | -$4.43M | -$4.73M | -$4.73M |
| Net margin | +21.56% | -77.22% | -2.14% | -28.76% | -9.39% | -13.76% | -13.30% | -13.32% | -13.57% |
| EPS · basic | $-0.39 | $-0.15 | $-0.22 | $-3.09 | $-1.22 | $0.45 | $0.62 | $0.85 | $1.29 |
| EPS · diluted | $-0.39 | $-0.15 | $-0.22 | $-3.09 | $-1.22 | $0.45 | $0.61 | $0.85 | $1.30 |
| EPS · low estimate | — | — | — | — | — | $0.44 | $0.60 | $0.80 | $1.27 |
| EPS · high estimate | — | — | — | — | — | $0.45 | $0.62 | $0.89 | $1.31 |
| Shares · basic | 74.23M | 74.9M | 66.25M | 53.18M | 45.74M | 45.41M | 45.3M | 45.4M | 45.51M |
| Shares · diluted | 74.46M | 74.9M | 66.25M | 53.18M | 45.9M | 45.94M | 46.06M | 46.06M | 45.97M |
| Coverage | |||||||||
| Analysts (revenue) | — | — | — | — | — | 4 | 4 | 4 | 2 |
| Analysts (EPS) | — | — | — | — | — | 3 | 2 | 2 | 1 |
Coverage notes. Historical figures come’s as-reported income statements / balance sheets / cash flows in our data warehouse. Forecast columns (italicised, faint accent tint) carry vendor-supplied numbers where available (revenue + EPS consensus) and ratio-derived values for every other line. Margins / ratios are the trailing-3y average from history applied to the forecast revenue; values are clamped to enforce P&L identity (gross ≥ operating, EBITDA ≥ operating, net ≤ operating) and balance-sheet identity (assets = liabilities + equity by construction). Cash-flow FCF reconciles to OCF + CapEx. USD conversion uses the period-end close of the issuer's reported/USD pair from forex_prices_daily; share counts stay unconverted.
Financials
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