Teknova Reports Fourth Quarter and Full Year 2023 Financial Results

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BTIG Downgrades Alpha Teknova Inc. (TKNO) to Neutral

March 12, 2024 6:09 AM EDT

BTIG analyst Mark Massaro downgraded Alpha Teknova Inc. (NASDAQ: TKNO) from Buy to Neutral.

The analyst comments "While we recognize we are analyzing small numbers and Alpha Teknova is in relatively early days of commercialization, TKNO delivered a ~5% revenue miss in Q4, reported just 17% gross margins, and initiated a 2024 revenue guide... More