NAUTNasdaqLaboratory Analytical InstrumentsUS GAAP · USD

Nautilus Biotechnology, Inc.

Nautilus Biotechnology, Inc. develops the Nautilus Voyager proteomics platform, an integrated system that combines instruments, consumables, and software analysis for large-scale protein analysis. The company is based in the United States and operates as a development-stage life sciences tools business with its platform still under development.

Nettotulos−59,0milj. USD
+16,6 %v/v
Vapaa kassavirta−52,0milj. USD
+15,2 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−0,6−0,4−0,20,0milj. USD2020: EBIT −0,58 milj. USD202020212022202320242025
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Nautilus Biotechnology, Inc.

Liiketoiminta

Osuus liikevaihdosta
Instrumentation40 %

The Nautilus Voyager instrument automates assay chemistry and optical imaging for proteomics workflows.

Consumables25 %

Reagents and run-based consumables used with the Nautilus platform.

Software and analytics20 %

Software tools used to process and analyze proteomics data generated by the platform.

Service-based access15 %

Controlled access to the platform through service laboratory operations and early customer workflows.

Asiakkaat

Nautilus targets research customers that already work in proteomics or adjacent multi-omics workflows and need higher-resolution protein analysis tools. Initial buyers include large pharmaceutical and biotechnology companies, academic research institutions, and multi-omics research centers, with future expansion into translational research, clinical development groups, CROs, and diagnostic laboratories.

Pharmaceutical companies

Buy platform access and future instruments to support discovery, biomarker, and translational proteomics work.

Biotechnology companies

Use the platform for research programs that need multiplexed protein measurement and workflow automation.

Academic research institutions

Purchase access for basic and applied proteomics research funded by grants and institutional budgets.

Multi-omics research centers

Adopt the platform to combine proteomics with other omics datasets in specialized research programs.

Clinical development and CRO customers

Potential future users for translational studies and outsourced research services as the platform matures.

Strategia

Nautilus is pursuing a phased commercialization model that starts with service-based access and limited system exposure before broader instrument deployment. The company is also building sales, marketing, distribution, manufacturing, and intellectual property capabilities to support eventual scale-up of the Nautilus Voyager platform.

Phased commercial launchLyhyt aikaväli

A controlled rollout helps refine workflows and reduce early adoption risk.

Build commercial infrastructureLyhyt aikaväli

Sales, marketing, service, and distribution capabilities are needed for market entry.

Advance product developmentKeskipitkä aikaväli

The platform must complete technical development and testing before broad commercialization.

Expand intellectual propertyKeskipitkä aikaväli

Patents and know-how help protect the platform in a competitive proteomics market.

Maantiede

Nautilus is headquartered in the United States and currently assembles systems in San Carlos, California, using external manufacturers and in-house integration. The company plans to commercialize first in the United States and then through direct and distributor channels in the European Union, the United Kingdom, and potentially Asia-Pacific markets.

Riskit

Nautilus is a development-stage company with no commercial product revenue, so its business depends on successfully completing development and gaining market acceptance for the Nautilus platform. It also faces execution risk from third-party manufacturing, commercialization timing, and competition from established life sciences tools companies and emerging proteomics developers.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Development-stage business risk1Platform commercialization delay2Competitive pressure3Third-party manufacturing dependence4Customer funding sensitivity5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Development-stage business riskVaikutus: KriittinenTodennäköisyys: Korkea

    The company has not commercialized products and may never reach profitable scale.

    Kohdistuu: Entire business

  2. Platform commercialization delayVaikutus: KorkeaTodennäköisyys: Korkea

    Launch timing depends on technical validation, customer adoption, and operational readiness.

    Kohdistuu: Nautilus Voyager platform

  3. Competitive pressureVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Established tools companies and emerging proteomics firms may outpace Nautilus in productization and sales.

    Kohdistuu: Proteomics market

  4. Third-party manufacturing dependenceVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Key components are sourced externally and assembly may rely on partners, creating supply and quality risk.

    Kohdistuu: Instrumentation supply chain

  5. Customer funding sensitivityVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Demand depends on research spending by pharma, biotech, and academic institutions.

    Kohdistuu: End-market demand

Kirjanpito

Harkinnanvaraiset erät
Research and development expense

Development-stage spending is the main cost line and drives reported losses.

Vaikutus: Affects operating loss and cash burn

Stock-based compensation

Employee equity awards are a recurring non-cash expense in a talent-intensive business.

Vaikutus: Affects operating expenses and dilution analysis

Future revenue recognition

As service access, instruments, consumables, and software are commercialized, timing of recognition will matter.

Vaikutus: Could affect quarterly comparability and gross margin presentation

Inventory and manufacturing estimates

Scale-up of instrument production may require inventory valuation and reserve judgments.

Vaikutus: Could affect cost of revenue and working capital

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026