Financial & Operational Highlights:
- Product and Service Revenue for the second quarter of 2018 was
$20.4 million, versus prior guidance of $18.5 to $19.5 million. Product and Service Revenue for the first half of 2018 was $38.4 million.
- Second quarter Product and Service Revenue was comprised of
$10.3 millionin consumable revenue, $5.5 millionin instrument revenue, $2.5 millionin Prosigna revenue and $2.1 millionin service revenue.
- The Company’s nCounter® Analysis Systems installed base increased to approximately 670 at
June 30, 2018.
- Collaboration Revenue is expected to be approximately
$4.5 million, and cash received from collaborations was $8.2 million.
- Cash, cash equivalents and short-term investments of approximately
$50.7 millionat June 30, 2018.
“I’m pleased with our performance in the second quarter, which included 11% growth in our product and service revenue, bringing our growth through the first half of 2018 to approximately 13%,” said
The amounts set forth above are preliminary estimates. We are in the process of finalizing our results of operations for the three months ended
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding the company’s preliminary financial results and anticipated growth. Such statements are based on current assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties, many of which are beyond our control, include market acceptance of our products; the impact of competition; the impact of expanded sales and marketing on operating expenses; delays or other unforeseen problems with respect to manufacturing, product development or clinical studies; adverse conditions in the general domestic and global economic markets; as well as the other risks set forth in the company's filings with the
Vice President, Investor Relations & Corporate Communications
Source: NanoString Technologies, Inc.