Noah Lewis's questions to Cytek Biosciences (CTKB) leadership • Q2 2025
Question
Noah Lewis of Raymond James questioned the gross margin performance, asking about the expected cadence for the rest of the year and the impact of one-time items. He also sought more detail on the drivers of biopharma strength in the U.S.
Answer
CFO William McCombe explained that gross margins are expected to improve in the second half of the year, driven by seasonally higher instrument revenues and the absence of one-time costs that impacted Q1 and Q2. He noted the Q2 margin was affected by a one-time inventory adjustment for service parts. Regarding biopharma, McCombe stated the strength was broad-based across large pharma and smaller biotech, driven by the harmonization capabilities of Cytek's technology and the new features of the Aurora EVO system.