false 0001831915 0001831915 2023-11-28 2023-11-28





Washington, D.C. 20549







Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

November 28, 2023



Cytek Biosciences, Inc.

(Exact name of registrant as specified in its charter)




Delaware   001-40632   47-2547526

(State or other jurisdiction

of incorporation)



File Number)


(IRS Employer

Identification No.)

47215 Lakeview Boulevard

Fremont, California

(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (877) 922-9835

(Former name or former address, if changed since last report.)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class





Name of each exchange

on which registered

Common Stock, par value $0.001 per share   CTKB   Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐




Item 7.01

Regulation FD Disclosure

On November 28, 2023, Cytek Biosciences, Inc. (the “Company”) made available an updated corporate presentation, which can be found on the Company’s website. The presentation is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference in this Item 7.01.

The information provided in this Item 7.01 of this Current Report on Form 8-K, including the exhibits hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, regardless of any incorporation language in such a filing, except as expressly set forth by specific reference in such a filing.


Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.






99.1    Corporate Presentation dated November 2023
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


    Cytek Biosciences, Inc.
Date: November 28, 2023     By:  

/s/ Wenbin Jiang, Ph.D.

      Wenbin Jiang, Ph.D.
      President and Chief Executive Officer

Slide 1

Corporate Presentation November 2023 Dr. Wenbin Jiang, CEO Patrik Jeanmonod, CFO Paul Goodson, Investor Relations Exhibit 99.1

Slide 2

Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, statements regarding Cytek’s business and operational goals and strategies; Cytek’s business development plans; Cytek’s estimated market size and opportunities; Cytek’s prospective products; objectives of management for future operations; and the expected key strategic benefits from the flow cytometry and imaging business acquired from Luminex. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. All statements other than statements of historical facts contained in this presentation, including, without limitation, statements The words “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from currently anticipated results, including but not limited to, risks relating to global economic and market conditions; Cytek's ability to evaluate its prospects for future viability and predict future performance; Cytek’s ability to accurately forecast customer demand and adoption of its products; Cytek’s ability to successfully integrate the acquired Luminex business and recognize the anticipated benefits of the transaction; Cytek’s dependence on certain sole and single source suppliers; competition; market acceptance of Cytek’s current and potential products; Cytek’s ability to manage the growth and complexity of its organization, maintain relationships with customers and suppliers and retain key employees; Cytek’s ability to maintain, protect and enhance its intellectual property; and Cytek’s ability to continue to stay in compliance with its material contractual obligations, applicable laws and regulations. Information on these and additional risks and uncertainties and other information affecting Cytek’s business and operating results is contained in Cytek’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, and in its other filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof. Except as required by applicable law, Cytek does not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise. No representations or warranties (expressed or implied) are made about the accuracy of any such forward-looking statements. Certain information contained in this presentation relate to or are based on studies, publications, surveys and other data obtained from third-party sources and Cytek’s internal estimates and research. While Cytek believes these third-party sources to be reliable as of the date of this presentation, it has not independently verified, and makes no representation as to the adequacy, fairness, accuracy or completeness of, any information obtained from third-party sources. While Cytek believes its internal research is reliable, such research has not been verified by any independent source. Cytek’s estimates are derived from publicly available information, management’s knowledge of the Cytek’s industry and management’s assumptions based on such information and knowledge, which they believe to be reasonable. This data involves a number of assumptions and limitations which are necessarily subject to a high degree of uncertainty and risk due to a variety of factors. This presentation includes certain financial information in accordance with U.S. GAAP and also on a non-GAAP basis for the twelve months ended September 30, 2023. Management believes that non-GAAP financial measures, including “Adjusted EBITDA”, taken in conjunction with GAAP financial measures, provide useful information for both management and investors by excluding certain non-cash and other expenses that are not indicative of the company’s core operating results. Management uses non-GAAP measures to compare the company’s performance relative to forecasts and strategic plans and to benchmark the company’s performance externally against competitors. Non-GAAP information is not prepared under a comprehensive set of accounting rules and should only be used to supplement an understanding of the company’s operating results as reported under U.S. GAAP. Cytek encourages investors to carefully consider its results under GAAP, as well as its supplemental non-GAAP information and the reconciliation between these presentations, to more fully understand its business. Reconciliations between GAAP and non-GAAP operating results are presented in the tables accompanying this presentation. Cytek, Full Spectrum Profiling, FSP, Northern Lights, Cytek Aurora, cFluor, Tonbo, Amnis, Guava, Muse, ImageStream, FlowSight, CellStream and easyCyte are trademarks of Cytek Biosciences, Inc. Other trademarks appearing in this presentation are the property of their respective holders.

Slide 3

Cytek’s Leadership Team Wenbin Jiang, Ph.D. Chief Executive Officer Valerie Barnett General Counsel Allen Poirson, Ph.D. SVP, Corporate and Business Development Ming Yan, Ph.D. Chief Technology Officer Patrik Jeanmonod Chief Financial Officer Philippe Busque SVP, Global Sales and Services Paul Goodson Head of Investor Relations Chris Williams Chief Operating Officer

Slide 4

Investing to Capture the Cell Analysis Opportunity1 2020 Reagents 2018 Northern Lights™ 2017 Cytek Aurora ™ 2021 Cell Sorter Strong Financial Profile Broad Customer Base and Global Presence Validated Technology Platform 1,500+ Customers 1,997 Cytek Units Placed $183.1M $9.3M TTM Revenue/ A-EBITDA 70+ Countries 1,450+ Cytek Peer-Reviewed Publications $288M 9/30/23 Cash and Equivalents 2021 Tonbo™ 2022 CE-IVDD 2023 Luminex ` Nine months ended September 30, 2023 except as otherwise noted.

Slide 5

Global Scale and Reach with Diversified Revenue Mix Nine months ended September 30, 2023 % Revenue by Industry Since launch of Aurora Series in 20171… 1,500+ Customers 150+ Biopharma Companies 70+ Countries ~700 Employees WW Applications, Service & Sales % Revenue by Region Fremont (Headquarters) Bethesda Shanghai Wuxi Amsterdam Tokyo USA 56% EMEA 25% APAC & ROW 19% San Diego Seattle

Slide 6

Acquisition of Luminex’s Flow Cytometry and Imaging Business1 provides key strategic benefits (1) Acquisition closed February 28, 2023 Enhances technical capabilities Expands customer base and commercial reach Significant operational synergies across service 1 1,500+ Customers 70+ Countries 7,000+ Units Placed 2 3 Quicker access by field personnel More effective and efficient Service / Support Enables future expansion of service gross margins Positions Cytek for future clinical expansion Expect replacement upgrades to Northern Lights and Aurora platforms Enhanced AI-driven analytical performance from high-resolution cell imagery Capillary micro fluidics allows for reduced cost of goods, higher gross margins and improved ease of use

Slide 7

Broad product portfolio to capture the cell analysis opportunity 2017 Aurora 2018 Northern Lights 2021 Cell Sorter 2020 Reagents 2021 Tonbo 2022 CE-IVDD 2023 Amnis® & Guava® Amnis ImageStream® Amnis FlowSight® Amnis CellStream® Guava easyCyte® Guava® Muse®

Slide 8

Cytek Technology Enables Applications FOOTNOTE Total Peer Reviewed Scientific Publication by Application 1,450+ Cytek Peer-Reviewed Publications

Slide 9

Why Customers Choose Cytek Deeper assessment of patient immune status -- before and after treatment -- for many applications including cancer, COVID, inflammation, drug discovery Fully Standardized across experiments and laboratory sites Isolate rare cells that cannot be seen on other systems for deeper insights More powerful system at a lower cost with minimal learning curve Maximize the value of a lab sample with more information in less time with fewer errors Over 1,450+ scientific peer-reviewed publications in less than 5 years

Slide 10

FOOTER Aurora Northern Lights Cell Sorter Automatic sample loader We Provide an End-to-End Platform of FSP Solutions Instruments Services & Application support Reagents and Kits Data Acquisition and Analysis Software

Slide 11

More markers per tube, makes tests more powerful and cost-effective Clinical Labs 12 Markers per tube “Dirty” Data Research Labs 30 – 40 Markers per tube Conventional Flow Cytometry Cytek Flow Cytometry Full Spectrum Profiling™ Technology 40 Markers per tube Clinical & Research Labs High sensitivity and high throughput without compromising data quality Allows use of many dyes simultaneously with optimal resolution Able to extract autofluorescence to enhance resolution “Clean” Data

Slide 12

Cytek’s Four Business Pillars FOOTNOTE Instruments Performance Intelligence Ease of use  Compact Lowest cost Applications Enabler Panels/kits Flexibility Functionality/Purposes Volume/repeating Bioinformatics Storage Analysis Optimization Management Exchanges Clinical Regulatory LDT Menu AI Standardization

Slide 13

Cytek’s Operational and Shareholder Goals Commitment to Shareholder Value Creation Capital Efficiency Operation Excellence Maximize Free Cash Flow Maintain Positive A-EBITDA on annual basis Execution Speed Smart Acquisitions, Licenses and Joint Ventures FOOTNOTE

Slide 14

Thank You

Slide 15


Slide 16

Our FSP Technology is Powered by Patented Innovative Designs FOOTNOTE The fluorescence spectrum from each laser source is collected from multiple laser excitation The fluorescence from each laser source is collected by each corresponding detector array module Use of APD detectors maximizes sensitivity and enables broad wavelength responses The combination of our patented optical design with APD detectors yields high-resolution data at an optimized signal-to-noise ratio A B C Maximize Resolution & Accuracy Optimized Signal-to-Noise Ratio High Resolution A B C D D Valuable Insights

Slide 17

Advancing Cell Analysis with Our Unique FSP Technology FOOTNOTE Conventional Cytek’s FSP™ Technology Our FSP platform was purpose-built to advance the next generation of cell analysis by delivering deep insights, high throughputs and ease of use FSP technology enables high sensitivity and high throughput without compromising data quality Allows use of many dyes simultaneously with optimal resolution, which is not possible with conventional cytometers FSP is able to extract autofluorescence to enhance resolution ENTIRE emission spectrum is captured across the different module & stitched together to create a spectral signature that combines emission information of fluorochrome excited by all onboard lasers Unmixing CD56 Alexa 647 CD56 Alexa 647 Unmixing algorithm

Slide 18