Macroeconomic ConditionsChallenging macro conditions, limited visibility into recovery timing, and demand elasticity likely keep the stock range bound.
Revenue GuidanceThe '25 sales guidance is 13% below consensus, reflecting pressure from NIH funding and broader macroeconomic factors.
Sales CycleRevio pushouts and macro headwinds weigh on the quarter, resulting in a lower guidance to reflect capex pressure and a longer sales cycle following the Vega launch.