NanoString Tech (NSTG) Tops Q3 EPS by 2c

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NanoString Technologies Releases Financial Results for Third Quarter of 2014

November 4, 2014 4:01 PM EST

SEATTLE, Nov. 4, 2014 (GLOBE NEWSWIRE) -- NanoString Technologies, Inc. (Nasdaq: NSTG), a provider of life science tools for translational research and molecular diagnostic products, today reported financial results for the third quarter ended September 30, 2014.

Financial Highlights:

Record total revenue of $12.3 million, 47% year-over-year growth Instrument revenue of $4.5 million, 27% year-over-year growth Consumables revenue of $6.0 million, 37% year-over-year growth Celgene collaboration milestones of $5.0 million achieved during the third quarter, with $1.1 million of revenue recognized

"Third quarter results demonstrated meaningful progress across all aspects of our business. Momentum... More