Cytek Biosciences

Cytek Biosciences

CTKB
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CTKB · Stock Price

USD 4.92+0.44 (+9.82%)
Market Cap: $570.8M

Historical price data

Market Cap: $570.8MFounded: 2014Employees: 500-1000HQ: Fremont, United States

Overview

Cytek Biosciences is a mission-driven company advancing cell analysis through its innovative Full Spectrum Flow Cytometry (FSP) technology, which enables high-parameter, high-resolution cell profiling. The company has achieved significant growth, marked by public listing, strategic acquisitions, and recent recognition as a growth leader by TIME Magazine. Its strategy centers on a hybrid revenue model from instrument sales and high-margin recurring consumables, while expanding from research into clinical diagnostics and cell therapy manufacturing.

OncologyImmunologyInfectious DiseasesInflammatory Diseases

Technology Platform

Proprietary Full Spectrum Flow Cytometry (FSP) technology that captures the entire emission spectrum of fluorochromes, enabling high-parameter (40+ color) single-cell analysis with superior resolution and flexible panel design compared to conventional filter-based cytometry.

Funding History

4
Total raised:$435M
IPO$250M
Series C$120M
Series B$50M
Series A$15M

Opportunities

Significant growth lies in transitioning its proven spectral technology from research into the clinical diagnostics and cell therapy manufacturing markets, which offer larger, more stable revenue streams.
Expansion in the Asia-Pacific region through its Singapore hub presents a major geographic opportunity.

Risk Factors

Faces intense competition from larger, well-capitalized players like BD and Beckman Coulter.
Success is contingent on navigating complex regulatory pathways for clinical adoption and is sensitive to cyclical swings in life sciences research funding.

Competitive Landscape

Operates in a niche dominated by giants but maintains leadership in high-parameter spectral cytometry through superior technology flexibility and a focused platform. Competes directly with BD's FACSymphony, Beckman's CytoFLEX, and Sony's ID7000.

Company Timeline

2014Founded

Founded in Fremont, United States

2018Series B

Series B: $50.0M

2020Series C

Series C: $120.0M

2021IPO

IPO — $250.0M