- IsoPlexis ( NASDAQ: ISO ) is trading ~33% lower after the company missed GAAP EPS estimates.
- The company posted quarterly loss of -$0.74, which missed estimates by $0.15.
- Operating costs rose 103% Y/Y to $30.7M, primarily driven by headcount expansion as the company built out the commercial team and advanced development of Duomic and CodePlex products. Revenue rose 53.1% to $4.9M, and beat by $0.3M.
- IsoPlexis said it continues to expect full year revenue to be in the range of $26M to $27M vs consensus of $26.31M.
- Net loss was $28.7M for the first quarter, as compared to a net loss of $15.6M, a year earlier.
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IsoPlexis falls 33% after GAAP EPS misses estimates