Alamar Biosciences: Promising But Expensive Proteomics Growth
A Seeking Alpha article discusses Alamar Biosciences' ARGO instruments, which automate NULISA assays and could convert instrument placements into recurring demand for consumables. The article notes consumables are growing faster than instruments, but questions whether this will be long-term profitable growth as the installed base expands.
Why it matters — ALMR watchers would care because the shift from instrument placements to recurring consumables revenue is central to the company's growth model, and the article raises questions about the long-term profitability of that expansion.