NanoString Technologies (NASDAQ:NSTG) – NanoString Expects Q4 Product And Service Revenue Growth Of 18%



NanoString Technologies Inc (NASDAQ: NSTG) expects Q4 FY21 product and service revenue of approximately $42 million, +18% Y/Y and at the upper end of the company’s guidance of $38 million – $42 million.

  • For FY21, the company expects product and service revenue to be approximately $144 million, +29% YY and at the upper end of the company’s prior guidance of $140 million – $144 million.
  • The company generated record orders for more than 50 GeoMx Digital Spatial Profiler (DSP) systems in Q4, +80% Y/Y.
  • Installed approximately 30 GeoMx systems in Q4, increasing the GeoMx installed base to around 255 systems.
  • NanoString has secured customer orders for 20 CosMx Spatial Molecular Imager systems. The company concluded 2021 with a nCounter installed base of approximately 1,050 systems, +11% Y/Y.
  • For Q4, GeoMx DSP revenue is expected to be approximately $18 million + 48% Y/Y and above the upper end of the company’s guidance of $15 million – $16 million.
  • FY21 GeoMx DSP revenue is expected to be approximately $52 million, +49% Y/Y, and ahead of revenue guidance of $49 million – $50 million.
  • For Q4, nCounter revenue is expected to reach $24 million, +2% Y/Y and in line with the expected $23 million – $26 million.
  • For the full year, nCounter revenue is expected to be approximately $92 million, +20% Y/Y, and compared to guidance of $91 million – $94 million.
  • NanoString held cash and equivalents of $350 million as of December 31, 2021.
  • Price Action: NSTG shares closed lower by 3.61% at $34.18 on Friday.




Source link

Leave a Reply

Your email address will not be published.

Copyright © 2022 Billionaire Club Co LLC. All rights reserved

Chat
Loading the chat ...