T2 Biosystems (TTOO) Tops Q3 EPS by 4c

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Go back to T2 Biosystems (TTOO) Tops Q3 EPS by 4c

T2 Biosystems Reports Third Quarter 2017 Financial Results and Provides Company Update

November 2, 2017 4:06 PM EDT

Submitted 510(k) Application to the FDA Requesting Market Clearance for T2Bacteria PanelYear over Year Quarterly Product Revenue Growth of 27.4%

LEXINGTON, Mass., Nov. 02, 2017 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ: TTOO), an emerging leader in the development of innovative diagnostic products to improve patient health, announced today operating highlights and financial results for the third quarter ended September 30, 2017.  

 Third Quarter Business and Financial Performance Highlights:

Reported third quarter total revenue of $1.1 million, in line with guidance. Product revenue of $739,000, was a $159,000 or 27.4% increase from the... More