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home / news releases / BLI - Berkeley Lights stock tanks 6% after 2022 revenue forecast comes below expectations


BLI - Berkeley Lights stock tanks 6% after 2022 revenue forecast comes below expectations

  • Berkeley Lights ( NASDAQ: BLI ) -6.4% aftermarket said Monday it expects total revenue for 2022 between $78.0 million to $78.5 million.
  • The Seeking Alpha consensus for 2022 revenue is $89.3 million.
  • The company said in the fourth quarter, it faced a tight macroeconomic environment with elongated sales cycles and constrained capital budgets.
  • "Results were lower-than-expected due to a delay in several Beacon platform placements, which are now expected in 2023, and lower revenue from partnership and services contracts," the company said.

For further details see:

Berkeley Lights stock tanks 6% after 2022 revenue forecast comes below expectations
Stock Information

Company Name: Berkeley Lights Inc.
Stock Symbol: BLI
Market: NASDAQ

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