MXCT PRESS-RELEASE SEC Filing Analysis

Latest settled — T+20d

MXCT ▲ +24.93% at T+20d

SHORT call ✗ call lost -24.93% · α vs SPY -17.07% · entry $0.6900 → $0.8620

Next anchor: T+60d in 8d

Last close $1.15 (close Jun 8) · -66.67% from $0.6900 entry (call sign-flipped)

Entry anchored
Mar 24, 03:59 PM ET
via Databento tick

T+1d

+3.91%

call -3.91% · α -5.68%

$0.7170

settled 3mo ago

T+5d

+7.83%

call -7.83% · α -8.07%

$0.7440

settled 2mo ago

T+20d

+24.93%

call -24.93% · α -17.07%

$0.8620

settled 7w ago

T+60d

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call — · α —

—

in 8d

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Executive Summary

MaxCyte reported Q4 and full-year 2025 results with total revenue of $7.3M and $33.0M, respectively, representing 16% and 15% YoY declines. Core revenue fell 22% in Q4 and 9% for the year, driven by reduced activity from SPL customers, including a 15% drop from its largest customer. The company issued 2026 guidance of $30–32M in revenue, below 2025 levels, citing ongoing headwinds, while projecting cash of at least $136M by year-end.

Key Financial Metrics

Revenue

$33.0M

-15.0% YoY

EPS

$-0.42

Guidance

$30M-$32M

lowered

Actionable Insight

Traders should monitor whether the anticipated stabilization in SPL customer spending materializes in H2 2026. Given declining revenue, negative EPS, and downward guidance, the stock may face continued pressure unless there is a near-term inflection in core business performance or new licensing deals.

Key Facts

Q4 2025 revenue was $7.3M, down 16% YoY; full-year 2025 revenue was $33.0M, down 15% YoY
Core business revenue declined 22% in Q4 and 9% for the full year
SPL Program-related revenue dropped to $3.4M in 2025 from $6.1M in 2024
2026 revenue guidance is $30–32M, below 2025's $33.0M, with $4M expected core revenue headwind
Net loss widened to $44.6M in 2025 from $41.1M in 2024 despite lower operating expenses
Cash, cash equivalents, and investments decreased to $155.6M from $190.3M at year-end 2024

Financial Impact

Revenue expected to decline further in 2026 to $30–32M from $33.0M in 2025, with core business under pressure and SPL milestones down significantly

revenueepscash_flowguidance

Risk Factors

Continued revenue decline beyond 2026 if SPL customer recovery is delayed
Dilution risk if additional financing is required to sustain operations despite $155.6M cash balance

Market Snapshot

Exchange

Nasdaq

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3261732

2 reports for MXCT

T+1T+5T+20T+60

Filters

Reports for MXCT — sortable, filterable
	Type				Now
Apr 29, 2026 5w ago	DEFA14A NEUTRAL ★ 2/10	$0.8800 $1.21	▲ +37.50%	▲ +32.27%	$1.15 (+30.68%)
Mar 24, 2026 11w ago	Press Release BEARISH ★ 7/10	$0.6900 $0.8620	▼ −24.93%	▼ −17.07%	$1.15 (−66.67%)

US Market Status

Market Closed — Opens in 8h 35m

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