Cytek Biosciences Inc (CTKB)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Gross profit | US$ in thousands | 109,426 | 100,974 | 79,144 |
| Revenue | US$ in thousands | 193,015 | 2,963 | 2,181 |
| Gross profit margin | 56.69% | 3,407.83% | 3,628.79% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $109,426K ÷ $193,015K
= 56.69%
Cytek Biosciences Inc's gross profit margin has exhibited significant variability over the past three years. In particular, the gross profit margin was 56.69% as of December 31, 2023, a substantial decrease from the exceptionally high levels of 3,407.83% and 3,628.79% reported in the prior two years. Such fluctuations may indicate changes in the company's cost structure, pricing strategies, or efficiency in managing production costs. Further investigation into the factors influencing these fluctuations would be warranted to gain a better understanding of Cytek Biosciences Inc's performance and prospects.
Peer comparison
Dec 31, 2023