Bionano Genomics Reports First Quarter 2020 Financial Results and Provides Business Update
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BioNano Genomics, Inc. (BNGO) Reports Q1 Revenues Miss
June 18, 2020 4:02 PM EDTBioNano Genomics, Inc. (NASDAQ: BNGO) reported Q1 revenue for the quarter came in at $1.1 million versus the consensus estimate of $1.7 million.
First Quarter Financial Highlights
Total Revenue. Total revenue was $1.1 million for the three months ended March 31, 2020, compared to $1.8 million for the same period in 2019. The decrease impacted all regions, largely driven by customers temporarily shutting down their lab operations in response to COVID-19 shelter-at-home orders. Below is a summary of changes for the three months ended March 31, 2020 as compared to the same period in 2019:North America revenue decreased by $0.1 million, or... More