TKNO · CIK 1850902
What Alpha Teknova, Inc. told the SEC could break it.
Teknova's disclosures are dominated by concentration on several fronts. Its inputs come from a limited supplier base — suppliers making up 10% or more of purchases were 56% of total inventory buys in 2025, with a single distributor at 31% — so the loss of a key supplier could interrupt production. Its operations are similarly concentrated physically and financially: manufacturing, packaging and storage sit on one Hollister, California campus near major earthquake faults, while debt under its credit agreement is secured by substantially all its assets amid continued operating losses ($17.0 million in 2025). Ownership is concentrated too, with private-equity sponsor Telegraph Hill Partners holding a controlling stake.
4 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Supplier concentration
- raw materials from limited suppliers — ≥10% suppliers = 56% of inventory purchases, one distributor 31%high
Teknova sources certain raw materials from a limited number of suppliers — those making up ≥10% of purchases were 56% of total inventory purchases in 2025, with a single distributor at 31% (38% in 2024) — so delays or loss of a key supplier could interrupt production absent an acceptable substitute.
“Certain of our raw materials are sourced from a limited number of suppliers. For each of the years ended December 31, 2025 and 2024, purchases from suppliers making up 10% or more of our total inventory purchases represented 56% and 49% of total inventory purchases, respectively.”
SEC filing →As of 2026
Climate & physical
- manufacturing concentrated at Hollister, California campus near major earthquake faultsmedium
Teknova's manufacturing, packaging and storage are concentrated at its Hollister, California campus near major earthquake faults, making it susceptible to earthquake and fire damage that could disrupt production and destroy hard-to-replace equipment.
“Our manufacturing and storage operations are located in California, near major earthquake faults, which makes us susceptible to earthquake and fire risks.”
SEC filing →As of 2026
Liquidity & debt
- Second A&R Credit Agreement secured by substantially all assets; covenants; operating lossesmedium
Teknova's debt under its Second Amended and Restated Credit Agreement is secured by substantially all of its assets with covenants (and a dividend prohibition); a covenant breach could accelerate repayment and lead to foreclosure, against a backdrop of continued operating losses ($17.0M in 2025).
“Our indebtedness under the Second Amended and Restated Credit Agreement is secured by substantially all of our assets. If we fail to comply with the covenants and our other obligations under the Second Amended and Restated Credit Agreement, the lender would be able to accelerate the required repayment of amounts due and, if they are not repaid, could foreclose upon the assets securin”
SEC filing →As of 2026
Other disclosures
- controlling stockholder — Telegraph Hill Partnersmedium
Teknova is controlled by Telegraph Hill Partners (through THP V and affiliated funds), which (with management) holds a controlling stake and participated in the July 2024 financing — concentrating control with one private-equity sponsor whose interests may differ from other shareholders.
“The Company's controlling stockholder, Telegraph Hill Partners Management Company LLC, through its affiliates Telegraph Hill Partners V, L.P. and THP V Affiliates Fund LLC, the Company's President and Chief Executive Officer and member of its board of directors, Stephen Gu”
SEC filing →As of 2026
In the MyPRIA app, this is checked against the companies you actually own.
← World Watch