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NanoString also beat analyst estimates on the top and bottom lines, and upped its revenue guidance for the year based primarily on collaboration revenues.

Natera ran 17 percent more tests in Q2 than it did in the prior-year period, generating $53.6 million in total revenues.

The company said it established a joint venture in China during the quarter in order to offer genetic testing services in that country.

The firm said that it is delaying clinical trials prior to its FDA submission of Verigene 2 for several reasons, including reducing cassette failure rates.

The firm posted revenues of $14.3 million for the three-month period ended June 30, compared with $5.6 million for the second quarter of 2016

Alere's financial results in the prior-year period reflected restatements of revenues stemming from incorrectly recorded revenue transactions.

The firm cited lower research revenues tied to its collaboration with Canon US Life Sciences for the overall revenue decline.

The sales decline was largely due to a slowdown in productivity related to the recent launch of the company's global enterprise resource planning system in Western Europe.

The company reported signed agreements for 265 instruments, while revenue-generating placements have doubled to 45.

The company missed analyst estimates on its top line, but beat analyst estimates for adjusted earnings per share and raised its adjusted EPS guidance for FY 2017.

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