Racheal Vatnsdal's questions to AKYA leadership • Q1 2024
Question
Asked for more detail on the academic market, including budget assumptions in guidance, and inquired about performance by geographic region, specifically the contribution from China.
Answer
The company's guidance assumes flat NIH and EU Horizon budgets. Geographically, APAC was the most challenged region in Q1, representing about 18% of total revenue, with China making up 60-70% of that APAC revenue. North America and EMEA saw similar low-to-high single-digit year-over-year challenges.