Revvity makes life science research instruments, diagnostic tests and reagents used in laboratories, hospitals and pharmaceutical research, formerly known as PerkinElmer before rebranding and refocusing its business portfolio. The company's diagnostics and life sciences products serve pharmaceutical researchers, clinical laboratories and academic research institutions, spanning instruments and consumables used in drug discovery, genetic testing and other laboratory applications. Revvity's revenue includes recurring reagent and consumable sales tied to its installed base of laboratory instruments, giving it a recurring revenue component layered on top of the upfront equipment sales. The company's growth is tied to pharmaceutical and biotechnology research spending, along with overall demand for diagnostic testing and life sciences research tools across academic, clinical and commercial laboratory settings.