Azenta delivered a strong performance in an evolving and uncertain macroeconomic environment, with revenue up 5% year over year and adjusted EBITDA up 75% year over year, demonstrating the resilience of its portfolio.
Revenue from continuing operations increased by 5% year over year to $143 million.
Diluted EPS from continuing operations was ($0.40), while Non-GAAP diluted EPS from continuing operations was $0.05.
Adjusted EBITDA for continuing operations grew by 75% year over year to $14 million, with a margin of 10.0%.
The company ended the quarter with a total balance of cash, cash equivalents, restricted cash, and marketable securities of $540 million.
The Company is reiterating its revenue guidance for fiscal year 2025, expecting total organic revenue to grow in the range of 3% to 5% relative to fiscal 2024, and Adjusted EBITDA margin expansion of approximately 300 basis points relative to fiscal 2024.
Visualization of income flow from segment revenue to net income