T2 Biosystems (TTOO) Misses Q2 EPS by 1c

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Go back to T2 Biosystems (TTOO) Misses Q2 EPS by 1c

T2 Biosystems Announces Second Quarter 2022 Financial Results

August 15, 2022 4:05 PM EDT

LEXINGTON, Mass., Aug. 15, 2022 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ: TTOO) (the Company), a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes, today announced financial results for the second quarter ended June 30, 2022.

Recent Highlights

Achieved second quarter total revenue of $5.9 million, including product revenue of $2.6 million, representing decreases of 12% and 30% respectively, compared to the prior year period, driven by lower sales of T2SARS-CoV-2 tests.Executed... More