- NanoString press release ( NASDAQ: NSTG ): Q2 GAAP EPS of -$0.85 misses by $0.19 .
- Revenue of $32.22M (-4.8% Y/Y) misses by $0.1M .
- The company updated its 2022 outlook, with results expected as follows:
- Orders for about 200 spatial biology systems, consistent with previous guidance, with an expected mix now comprised of approximately 50% GeoMx system orders and approximately 50% CosMx system orders
- Cumulative orders for approximately 120 CosMx systems expected by the end of 2022, providing a revenue backlog valued at approximately $30 million
- Total product and service revenue of $140 to $150 million, as compared to previous guidance of $150 to $160 million, reflecting an order mix that is weighted more heavily to CosMx, with material CosMx revenue recognition expected to begin in 2023
- Counter revenue, inclusive of all service revenue, of $90 to $95 million, consistent with previous guidance
- Adjusted EBITDA loss of $75 to $85 million, as compared to previous guidance of $65 to $75 million
For further details see:
NanoString GAAP EPS of -$0.85 misses by $0.19, revenue of $32.22M misses by $0.1M