Core Insights - 10x Genomics reported a revenue of $154.9 million for Q1 2025, marking a 10% increase from $141.0 million in Q1 2024, driven by license and royalty revenue from a patent litigation settlement [4][11] - The company is temporarily shifting to quarterly guidance due to uncertainties in U.S. academic and government research funding, while focusing on cost reduction initiatives to maintain a strong balance sheet [3][9] - Operating loss decreased to $39.3 million in Q1 2025 from $61.5 million in Q1 2024, with a net loss of $34.4 million compared to $59.9 million in the prior year [7][11] Financial Performance - Gross margin improved to 68% in Q1 2025 from 66% in Q1 2024, attributed to higher license and royalty revenue and lower manufacturing costs [5] - Operating expenses decreased by 6% to $144.8 million in Q1 2025 from $154.4 million in Q1 2024, primarily due to a gain on settlement related to litigation [6] - Cash and cash equivalents, along with marketable securities, totaled $426.9 million as of March 31, 2025 [8] Revenue Breakdown - Revenue from products and services was $137.8 million, a slight decrease of 2% from $141.0 million in Q1 2024, mainly due to a significant drop in instrument revenue [11] - License and royalty revenue contributed $16.8 million, related to a patent litigation settlement [4][11] - Consumables revenue increased to $115.4 million in Q1 2025 from $110.3 million in Q1 2024, while instrument revenue fell to $14.8 million from $25.5 million [11][17] Geographic Revenue Distribution - Revenue from the Americas reached $90.6 million, up from $79.6 million in Q1 2024, with U.S. revenue specifically increasing to $86.8 million from $75.6 million [18] - Revenue from Europe, the Middle East, and Africa was $31.9 million, down from $34.7 million in the prior year [18] - Asia-Pacific revenue totaled $32.4 million, an increase from $26.7 million in Q1 2024, with China contributing $16.9 million [18] Strategic Initiatives - The company plans to reduce operating expenses by over $50 million in 2025, including an approximate 8% reduction in its global workforce [11] - 10x Genomics announced a roadmap for product launches across its platforms, enhancing experimental capabilities and extending into protein offerings [11] - A partnership with Arc Institute was established to develop the Arc Virtual Cell Atlas, utilizing Chromium Flex technology for large-scale single-cell data generation [11]

Core Viewpoint - Torex Gold Resources Inc. reported Q1 2025 results that align with expectations, highlighting significant milestones including the commencement of commercial production at the Media Luna project and a focus on returning to positive free cash flow generation [1][2][4]. Financial Performance - The company generated revenue of $170.0 million, with a record average realized gold price of $2,793 per ounce, despite lower sales volumes due to a four-week tie-in period at the processing plant [7][12]. - Reported net income was $39.0 million, or $0.45 per share, with adjusted net earnings of $35.9 million, or $0.42 per share [12][26]. - EBITDA for the quarter was $88.1 million, while adjusted EBITDA was $91.8 million [12][27]. Production and Costs - Gold equivalent payable production for the quarter was 59,630 ounces, with annual guidance maintained at 400,000 to 450,000 ounces [7][12]. - All-in sustaining costs were $1,405 per ounce sold, slightly above the guidance range of $1,400 to $1,600 per ounce [12][14]. - The company experienced a negative free cash flow of $133.3 million, attributed to lower sales volumes and capital expenditures of $123.5 million [12][28]. Project Updates - The Media Luna project achieved commercial production on April 26, 2025, following a successful tie-in period at the processing plant [2][4]. - The company invested $55.5 million in the Media Luna project during the quarter, with physical progress reported at approximately 98% [12][22]. Safety and Environmental Performance - The company recorded one lost-time injury during the quarter, resulting in a lost-time injury frequency of 0.59 per million hours worked [5][12]. - A comprehensive 'Next Level Safety' program has been initiated to maintain a fatality-free status in operations [5]. Exploration Activities - Ongoing drilling at Media Luna West and initial testing at Media Luna East have shown promising results, indicating exploration upside and potential resource expansion [8][12]. - The company plans to conduct approximately 125,000 meters of drilling in 2025, nearly double the amount drilled in 2024, to enhance production profiles and extend reserve life [8][12].

Core Viewpoint - Torex Gold Resources Inc. has officially declared commercial production at the Media Luna mine, marking its transition to a dual producer of gold and copper, and completing the development phase of the Media Luna Project [1][2]. Project Development - The Media Luna Project achieved commercial production as of April 26, 2025, with construction substantially complete, and mine and mill throughput averaging over 40% and 60% of design rates for 30 days, respectively [1][8]. - As of the end of Q1 2025, overall construction of Media Luna was 98% complete, with underground development at 98% and surface construction at 96% [8][9]. - The project team is focused on ramping up the underground mine to a design level of 7,500 tonnes per day (tpd) by mid-2026, which is six months ahead of the original schedule [4][11]. Financial Performance - The project was funded almost entirely through cash generated from existing operations at ELG, with a modest level of net debt expected to be repaid quickly as the company transitions to positive free cash flow generation in mid-2025 [3][6]. - In Q1 2025, $55.5 million was spent on the Media Luna Project, with non-sustaining capital expenditures expected to continue post-commercial production primarily for the completion of the paste plant [6][7]. Operational Readiness - The operational readiness plan for both surface and underground infrastructure is nearing completion, with commissioning activities for the flotation circuits and water treatment plant delivered [26][27]. - Approximately 200 employees were transferred from the ELG Open Pits to the underground mine, and over 160 new employees were recruited to meet the operational requirements [27]. Strategic Objectives - Torex aims to deliver Media Luna to full production, build the EPO project, optimize production and costs at Morelos, and grow reserves and resources while maintaining responsible mining practices [30][28].

Company Overview - 10x Genomics, Inc. is a leader in single cell and spatial biology, providing integrated solutions that include instruments, consumables, and software to enhance biological research and advance human health [3]. Upcoming Event - Members of 10x Genomics' management team will participate in a fireside chat at the BofA Securities 2025 Healthcare Conference on May 13, 2025, at 11:20 a.m. Pacific Time [1]. - A live webcast of the fireside chat will be accessible on the company's website, with an archive available for at least 30 days post-event [2]. Product Impact - The company's products are instrumental in breakthroughs across various fields such as oncology, immunology, and neuroscience, contributing to significant advancements in understanding health and disease [3]. Disclosure Practices - 10x Genomics utilizes various channels, including SEC filings, press releases, and social media, to disclose material non-public information and comply with regulatory obligations [4].

Torex Gold Reports Q1 2025 Production ResultsProcessing plant tie-ins concluded and first copper concentrate achieved; quarterly production in line with planApril 10, 2025 6:00 PM EDT | Source: Torex Gold Resources Inc.(All amounts expressed in U.S. dollars unless otherwise stated)Toronto, Ontario--(Newsfile Corp. - April 10, 2025) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) reports Q1 2025 gold equivalent ("AuEq") payable production of 59,630 ounces ("oz") and AuEq sold ...

Processing plant tie-ins and restart complete; commercial production expected in coming weeks(All amounts expressed in U.S. dollars unless otherwise stated)Toronto, Ontario--(Newsfile Corp. - March 24, 2025) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) announces completion of the four-week tie-in period for the Media Luna Project ("Media Luna") and first production of precious metal-rich copper concentrate.Jody Kuzenko, President and CEO of Torex, stated:"Following almost three years t ...

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...

Torex Gold Reports Year-End 2024 Reserves & ResourcesDrilling success continues to support reserve life extensionsMarch 19, 2025 6:00 PM EDT | Source: Torex Gold Resources Inc.(All amounts expressed in U.S. dollars unless otherwise stated)Toronto, Ontario--(Newsfile Corp. - March 19, 2025) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) is pleased to report year-end 2024 mineral reserves and resources for the Morelos Complex, which includes the producing El Limón Guajes ("ELG ...

10x Genomics' ATAC-Seq patents found valid and infringed PLEASANTON, Calif., March 3, 2025 /PRNewswire/ -- 10x Genomics (Nasdaq: TXG), a leader in single-cell and spatial biology, today provided an update on its patent litigation with Parse Biosciences. Through a consent agreement entered on February 25, 2025, in the United States District Court for the District of Delaware, Parse agreed - a week before trial was to start - to a worldwide permanent injunction that prevents it from making, using, selling or ...

Torex Gold Reports Excellent Drill Results from Media Luna West and Initial Results from Media Luna EastCompelling results return multiple high-grade intercepts at both Media Luna East and WestFebruary 24, 2025 6:00 AM EST | Source: Torex Gold Resources Inc.(All amounts expressed in U.S. dollars unless otherwise stated)Toronto, Ontario--(Newsfile Corp. - February 24, 2025) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) is pleased to provide results from the ongoing drilling ...