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Azenta, Inc. (AZTA) SEC Filing 10-Q Quarterly Report for the period ending Thursday, March 31, 2022

Azenta, Inc.

CIK: 933974 Ticker: AZTA

Exhibit 99.1

Graphic

Azenta Life Sciences Reports Preliminary Results of Second Quarter of Fiscal 2022, Ended March 31, 2022

Robust customer demand bolstered by operational execution drives strong second quarter results

CHELMSFORD, Mass., May 9, 2022 (PR Newswire) -- Azenta, Inc. (Nasdaq: AZTA) today reported preliminary financial results for the second quarter ended March 31, 2022.

Summary of Preliminary Results

On February 1, 2022, the Company completed the sale of its Semiconductor Automation business. The related gain on the sale and the results of the Semiconductor Automation business are treated as discontinued operations and reflected in total diluted EPS. Due to the complexities of the financial carve-out of the business from the Company’s financial results, the Company expects it will require additional time to finalize its financial statements and intends to file a Form 12b-25 with the Securities and Exchange Commission in order to extend the due date of its quarterly report on Form 10-Q for the quarter ended March 31, 2022 for five days, as permitted by Rule 12b-25 under the Securities Exchange Act. As a result, the financial results presented herein are preliminary.

Quarter Ended

Dollars in millions, except per share data

March 31, 

December 31, 

March 31, 

Change

2022

2021

2021

Prior Qtr.

Prior Yr.

Revenue from Continuing Operations

    

$

146

    

$

140

    

$

130

4

%

12

%

Life Sciences Products

$

54

$

50

$

52

7

%

2

%

Life Sciences Services

$

92

$

90

$

77

2

%

19

%

Diluted EPS Continuing Operations

$

(0.02)

$

0.04

$

(0.10)

(163)

%

75

%

Diluted EPS Total

$

28.15

$

0.58

$

0.32

NM

NM

%

Non-GAAP Diluted EPS Continuing Operations

$

0.12

$

0.12

$

0.14

(2)

%

(15)

%

Adjusted EBITDA Continuing Operations

$

19

$

20

$

24

(2)

%

(18)

%


The following information was filed by Azenta, Inc. (AZTA) on Monday, May 9, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Azenta, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

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Inside Azenta, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Cash Flows (Parenthetical)
Consolidated Statements Of Changes In Stockholders Equity
Consolidated Statements Of Changes In Stockholders Equity (Parenthetical)
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (Parenthetical)
Consolidated Statements Of Operations
Acquisitions
Acquisitions - Amounts Of Assets And Liabilities At Fair Value As Of Acquisition Date (Details)
Acquisitions - Contingent Consideration Paid (Details)
Acquisitions - General Information (Details)
Acquisitions - Goodwill (Details)
Acquisitions - Intangible Assets Acquired (Details)
Acquisitions - Purchase Consideration (Details)
Commitments And Contingencies
Commitments And Contingencies - Purchase Commitments (Details)
Commitments And Contingencies - Tariff Matter (Details)
Debt And Line Of Credit
Debt And Line Of Credit (Details)
Discontinued Operations
Discontinued Operations (Tables)
Discontinued Operations - Acquisitions (Details)
Discontinued Operations - Assets And Liabilities (Details)
Discontinued Operations - Financial Results (Details)
Discontinued Operations - General Information (Details)
Discontinued Operations - Non-Cash Items And Capital Expenditures (Details)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Anti-Dilutive Securities (Details)
Earnings Per Share - Tabular Disclosure (Details)
Fair Value Measurements
Fair Value Measurements (Details)
Fair Value Measurements (Tables)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Amortization Expense (Details)
Goodwill And Intangible Assets - Components Of Identifiable Intangible Assets (Details)
Goodwill And Intangible Assets - Estimated Future Amortization Expense Of Intangible Assets (Details)
Goodwill And Intangible Assets - Goodwill Roll Forward (Details)
Income Taxes
Income Taxes - Provision (Benefit) (Details)
Income Taxes - Unrecognized Tax Benefits - Decrease In Unrecognized Tax Benefits Is Reasonably Possible (Details)
Income Taxes - Unrecognized Tax Benefits - Interest Expense (Details)
Income Taxes - Valuation Allowance (Details)
Leases
Leases (Tables)
Leases - Additional Information (Details)
Leases - Assets And Liabilities - Finance Leases (Details)
Leases - Assets And Liabilities - Operating Leases (Details)
Leases - Assets Obtained In Exchange For Lease Liabilities (Details)
Leases - Future Lease Payments - Finance Leases (Details)
Leases - Future Lease Payments - Operating Leases (Details)
Leases - Gross Difference - Finance Leases (Details)
Leases - Gross Difference - Operating Leases (Details)
Leases - Lease Expense (Details)
Leases - Supplemental Cash Flow Information (Details)
Marketable Securities
Marketable Securities (Tables)
Marketable Securities - Fair Value Of Marketable Securities By Contractual Maturity (Details)
Marketable Securities - Summary Of Amortized Cost And Fair Value (Details)
Marketable Securities - Unrealized Loss Position (Details)
Nature Of Operation
Nature Of Operation (Details)
Other Balance Sheet Information
Other Balance Sheet Information (Tables)
Other Balance Sheet Information - Capitalized Direct Costs (Details)
Other Balance Sheet Information - Product Warranty And Retrofit Activity On Gross Basis (Details)
Other Balance Sheet Information - Summary Of Account Receivable (Details)
Other Balance Sheet Information - Summary Of Inventories (Details)
Revenue From Contracts With Customers
Revenue From Contracts With Customers (Tables)
Revenue From Contracts With Customers - Contract Balances (Details)
Revenue From Contracts With Customers - Costs To Obtain And Fulfill A Contract (Details)
Revenue From Contracts With Customers - Disaggregated By Reporting Unit (Details)
Revenue From Contracts With Customers - Remaining Performance Obligations (Details)
Segment And Geographic Information
Segment And Geographic Information (Tables)
Segment And Geographic Information - Financial Information For Business Segments - Assets (Details)
Segment And Geographic Information - General Information (Details)
Segment And Geographic Information - Net Revenues Based Upon Source Of Order By Geographic Area - Additional Information (Details)
Segment And Geographic Information - Net Revenues Based Upon Source Of Order By Geographic Area - Tabular Disclosure (Details)
Segment And Geographic Information - Reconciliation Of Reportable Segment Assets To Corresponding Consolidated Amounts (Details)
Segment And Geographic Information - Reconciliation Of Reportable Segment Operating Income (Loss) To Corresponding Consolidated Amounts (Details)
Significant Customers
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Employee Stock Purchase Plan (Details)
Stock-Based Compensation - Performance-Based Restricted Stock Unit Grants (Details)
Stock-Based Compensation - Restricted Stock Unit Activity - Additional Information (Details)
Stock-Based Compensation - Restricted Stock Unit Activity - Tabular Disclosure (Details)
Stock-Based Compensation - Restricted Stock Unit Activity - Unrecognized Compensation Cost (Details)
Stock-Based Compensation - Restricted Stock Units Granted - Tabular Disclosure (Details)
Stock-Based Compensation - Stock-Based Compensation Expense (Details)
Stock-Based Compensation - Time-Based Restricted Stock Unit Grants (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Derivative Instruments (Details)
Summary Of Significant Accounting Policies - Foreign Currency Translation (Details)
Summary Of Significant Accounting Policies - Hedging Activities (Details)
Summary Of Significant Accounting Policies - Recently Issued And Adopted Accounting Pronouncements (Details)

Material Contracts, Statements, Certifications & more

Azenta, Inc. provided additional information to their SEC Filing as exhibits

Ticker: AZTA
CIK: 933974
Form Type: 10-Q Quarterly Report
Accession Number: 0001558370-22-009015
Submitted to the SEC: Mon May 16 2022 5:11:28 PM EST
Accepted by the SEC: Mon May 16 2022
Period: Thursday, March 31, 2022
Industry: Special Industry Machinery

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