NanoString Technologies (NSTG) Misses Q1 EPS by 8c, Revenues Beat

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Go back to NanoString Technologies (NSTG) Misses Q1 EPS by 8c, Revenues Beat

NanoString Technologies Releases Operating Results for First Quarter of 2021

May 10, 2021 4:00 PM EDT

SEATTLE--(BUSINESS WIRE)-- NanoString Technologies, Inc. (NASDAQ: NSTG), a leading provider of life science tools for discovery and translational research, today reported financial results for the first quarter ended March 31, 2021.

First Quarter Financial Highlights

Product and service revenue of $31.4 million, 28% year-over-year growth Instrument revenue of $11.7 million, 19% year-over-year growth. Instrument revenue includes $7.0 million of GeoMx® Digital Spatial Profiler (DSP) instrument revenue Consumables revenue of $16.0 million, 39% year-over-year growth. Consumables revenue includes $2.7 million GeoMx® DSP consumables revenue Service revenue of $3.7 million, 17% year-over-year growth Cash, cash equivalents and... More