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Dec 31, 2021
Mesa Labs Q3 2022 Earnings Report
Mesa Labs' financial performance saw revenue increase by 60%, but operating income decreased significantly due to unusual items. Net loss was also reported.
Key Takeaways
Mesa Labs reported a 60% increase in revenue for Q3 2022, driven by organic growth and acquisitions. However, the company experienced a decrease in operating income and reported a net loss, impacted by unusual items related to acquisitions and other adjustments.
Revenues increased by 60% compared to the same quarter last year, reaching $54,696 thousand.
Operating loss was $(2,512) thousand, a significant decrease compared to the prior year's operating income of $22 thousand.
Net loss was $(2,060) thousand, or $(0.39) per diluted share.
Organic revenue growth was 12% for the quarter.
Revenue by Segment
Forward Guidance
Mesa Labs completed the acquisition of Agena Bioscience and anticipates continued organic revenue and profitability growth, despite ongoing pandemic-related headwinds, with the Mesa Way operating model.
Positive Outlook
- Double-digit organic revenues growth yielding 12% for the quarter.
- Completed the acquisition of Agena Bioscience.
- The Mesa Way operating model continues to build increasing resilience into our businesses.
- Excited about Agena’s growth prospects and the strategic options it brings to our future.
- The quality of our business portfolio improved during the quarter with the acquisition of Agena Bioscience.
Challenges Ahead
- Ongoing pandemic related headwinds including obstacles to direct customer engagement, supply chain reliability, and personnel availability.
- Calibration Solutions continues to struggle with revenues contracting 6% in the quarter as compared to the prior year.
- Global supply chain complications and pandemic related labor shortages.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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