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New words:
abandonment, advisor, alter, attract, CEO, communication, Cooperation, Dr, efficiency, enacting, energy, engineering, ensuring, essential, factor, gas, greenhouse, guideline, harm, impose, introduced, judicial, launched, long, motivate, multinational, OECD, optimization, optimize, optimizing, order, pending, permanently, Pillar, recruit, reoccur, Schwartz, scientific, smooth, stay, staying, Stephen, strategic, streamlining, successful, successor, train, turnover, validity, voluntarily, weather
Removed:
August, commenced, estimation, hereof, labor, monitored, plant, record, terminated
Financial report summary
?Management Discussion
- Please refer to the commentary provided below for further discussion and analysis of the factors contributing to our results from operations for the three and six months ended March 31, 2024 compared to the three and six months ended March 31, 2023.
- Non-GAAP financial measures are used in addition to and in conjunction with results presented in accordance with GAAP and should not be relied upon to the exclusion of GAAP financial measures. Management adjusts the GAAP results for the impact of amortization of intangible assets, restructuring charges, purchase price accounting adjustments to inventory, charges related to merger and acquisitions and share repurchases, goodwill and intangible asset impairment charges, and non-recurring costs related to the Company’s business transformation initiatives to provide investors better perspective on the results of operations which the Company believes is more comparable to the similar analysis provided by its peers. Management also excludes special charges and gains, such as gains and losses from the sale of assets, certain tax benefits and charges, as well as other gains and charges that are not representative of the normal operations of the business. Management strongly encourages investors to review our financial statements and publicly filed reports in their entirety and not rely on any single measure. A reconciliation of non-GAAP measures to the most nearly comparable GAAP measures is included under “Operating Loss” and “Gross Margin” below.
- Revenue for the three months ended March 31, 2024 increased 7% compared to the corresponding prior fiscal year period, driven by a 51% increase in our B Medical Systems segment and a 4% increase in our Sample Management Solutions segment, while revenue in our Multiomics segment remained flat.