Berkeley Lights Inc. (BLI) Reports In-Line Q1 EPS, Revenues Beat; Offers FY21 Revenues Mid-Point Guidance Above Consensus

Berkeley Lights Inc. (NASDAQ: BLI) reported Q1 EPS of ($0.24), in-line with the analyst estimate of ($0.24). Revenue for the quarter came in at $18.6 million versus the consensus estimate of $16.61 million.

Recent Highlights

• Total revenue of $18.6 million for the first quarter of 2021, representing 35% growth year over year
• Grew the installed base to 85 platforms during the first quarter of 2021, with eight new direct placements and two existing platforms added upon the successful completion of a joint development and partnership program
• Announced the launch of Opto Assure, the first of a series of assays that will provide yield and product quality data at an earlier stage in cell development
• Appointed Greg Lucier as Chairperson and John Chiminski as an Independent Director to its Board of Directors

“We started the year with strong platform placements, continued to expand opportunities in our core business and grew our total addressable market,” said Berkeley Lights Chief Executive Officer Eric Hobbs, Ph.D. “As we look ahead in 2021, I continue to be excited about the opportunities in front of us and I am confident that we are well positioned to execute our strategy to transform the market for cell-based products this year and beyond.”

GUIDANCE:

Berkeley Lights Inc. sees FY2021 revenue of $90-100 million, versus the consensus of $93.99 million.

• Berkeley Lights continues to expect full year 2021 revenue to be in the range of $90 million to $100 million, representing 40% to 56% growth over the full year of 2020.

For earnings history and earnings-related data on Berkeley Lights Inc. (BLI) click here.

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