NanoString Technologies (NSTG) Misses Q1 EPS by 30c

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Go back to NanoString Technologies (NSTG) Misses Q1 EPS by 30c

NanoString Technologies Releases Operating Results for First Quarter of 2022

May 10, 2022 4:01 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, 2022.

First Quarter Financial Highlights

Product and service revenue of $30.8 million GeoMx® Digital Spatial Profiler (DSP) revenue of $9.7 million. GeoMx DSP revenue includes: Instrument revenue of $4.8 million, 31% year-over-year decline Consumables revenue of $4.9 million, 78% year-over-year growth, annualized pull-through of approximately $76,000 per installed system nCounter® revenue, inclusive of all service revenue, of $21.1 million. nCounter revenue... More