$TKNO

Alpha Teknova, Inc.

CIK:0001850902|SEC Filings

Condensed Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 12,185	$ 10,287	$ 23,262	$ 20,082
Cost of sales	7,300	6,303	14,593	13,091
Gross profit	4,885	3,984	8,669	6,991
Operating expenses:
Research and development	554	581	1,163	1,133
Sales and marketing	2,122	1,573	4,250	3,213
General and administrative	4,812	4,929	9,870	10,421
Amortization of intangible assets	287	287	574	574
Total operating expenses	7,775	7,370	15,857	15,341
Loss from operations	(2,890)	(3,386)	(7,188)	(8,350)
Other (expenses) income, net
Interest expense, net	(252)	(165)	(471)	(309)
Other adjustment to loan exit fee	0	0	0	485
Other income	2	0	11	0
Total other (expenses) income, net	(250)	(165)	(460)	176
Loss before income taxes	(3,140)	(3,551)	(7,648)	(8,174)
Provision for income taxes	30	19	77	41
Net loss	$ (3,170)	$ (3,570)	$ (7,725)	$ (8,215)
Net loss per share_ basic	$ (0.06)	$ (0.07)	$ (0.14)	$ (0.15)
Net loss per share_ diluted	$ (0.06)	$ (0.07)	$ (0.14)	$ (0.15)
Weighted average shares used in computing net loss per share - basic	53,634,826	53,448,736	53,614,671	53,435,210
Weighted average shares used in computing net loss per share - diluted	53,634,826	53,448,736	53,614,671	53,435,210

Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating activities:
Net loss	$ (7,725)	$ (8,215)
Adjustments to reconcile net loss to net cash used in operating activities:
Bad debt expense	5	49
Inventory reserve	825	925
Depreciation and amortization	3,169	3,170
Stock-based compensation	1,317	1,802
Deferred taxes	77	41
Accrued interest income on short-term investments	7	54
Amortization of discount on short-term investments	(145)	(355)
Amortization of debt financing costs	95	129
Other adjustment to loan exit fee	0	(485)
Non-cash lease expense	29	61
Loss on disposal of property, plant, and equipment	24	19
Changes in operating assets and liabilities:
Accounts receivable	(795)	(877)
Inventories	(682)	(1,734)
Prepaid expenses and other current assets	312	(40)
Other non-current assets	158	34
Accounts payable	158	380
Accrued liabilities	(659)	(1,152)
Other	0	(10)
Cash used in operating activities	(3,830)	(6,204)
Investing activities:
Purchases of short-term investments	(7,868)	(9,735)
Maturities of short-term investments	12,000	16,000
Purchases of property, plant, and equipment	(346)	(413)
Cash provided by investing activities	3,786	5,852
Financing activities:
Proceeds from long-term debt	0	1,110
Payment of exit fee costs	0	(1,110)
Repayment of financed insurance premiums	(97)	(56)
Proceeds from exercise of stock options	179	20
Proceeds from issuance of common stock under employee stock purchase plan	54	56
Payment of debt issuance costs	0	(100)
Cash provided by (used in) financing activities	136	(80)
Change in cash and cash equivalents	92	(432)
Cash and cash equivalents at beginning of period	5,912	3,708
Cash and cash equivalents at end of period	6,004	3,276
Supplemental cash flow disclosures:
Income taxes paid	19	34
Interest paid, net of amounts capitalized	689	722
Capitalized property, plant, and equipment included in accounts payable and accrued liabilities	0	159
Recognition of operating right-of-use lease asset	0	146
Recognition of operating lease liabilities	$ 0	$ 146

Condensed Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 6,004	$ 5,912
Short-term investments, held -to-maturity	11,432	15,426
Accounts receivable, net of allowance for credit losses of $27 thousand and $23 thousand as of June 30, 2026 and December 31, 2025, respectively	5,408	4,618
Inventories, net	6,911	7,054
Prepaid expenses and other current assets	1,069	1,501
Total current assets	30,824	34,511
Property, plant and equipment, net	39,311	41,733
Operating right-of-use lease assets	13,247	14,112
Intangible assets, net	11,369	11,943
Other non-current assets	1,127	1,285
Total assets	95,878	103,584
Current liabilities:
Accounts payable	1,438	1,378
Accrued liabilities	3,476	4,283
Current portion of operating lease liabilities	1,958	1,876
Total current liabilities	6,872	7,537
Deferred tax liabilities	956	879
Long-term debt, net	13,218	13,123
Long-term operating lease liabilities	12,232	13,270
Total liabilities	33,278	34,809
Stockholders’ equity:
Preferred stock, $0.00001 par value, 10,000,000 shares authorized at June 30, 2026 and December 31, 2025, respectively, zero shares issued and outstanding at June 30, 2026 and December 31, 2025	0	0
Common stock, $0.00001 par value, 490,000,000 shares authorized at June 30, 2026 and December 31, 2025, 53,682,647 and 53,562,154 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	1	1
Additional paid-in capital	206,114	204,564
Accumulated deficit	(143,515)	(135,790)
Total stockholders’ equity	62,600	68,775
Total liabilities and stockholders' equity	$ 95,878	$ 103,584