Bionano Genomics Inc (BNGO) Q3 2024 Earnings Call Highlights: Strategic Shifts Amid Revenue ... [Yahoo! Finance]
Bionano Genomics, Inc. (BNGO)
Last bionano genomics, inc. earnings: 8/8 04:05 pm
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Source: Yahoo! Finance
Bionano Genomics Inc ( NASDAQ:BNGO ) has significantly reduced operating expenses and cash burn, achieving a 69% decrease in GAAP operating expenses and a 49% decrease in non-GAAP operating expenses compared to the previous year. The company reported a 27% increase in flow cell sales year-over-year, indicating growing utilization among existing customers. Bionano Genomics Inc ( NASDAQ:BNGO ) has successfully implemented a new go-to-market strategy focusing on high-volume routine users, which is expected to drive future growth in consumables. The company has made progress in reimbursement initiatives, with a new CPT code established for optical genome mapping, potentially increasing adoption and utilization. There is strong demand for the new Stratus system, particularly in key geographies like Europe, the US, Canada, and Israel, which addresses higher throughput needs for customers. Bionano Genomics Inc ( NASDAQ:BNGO ) experienced a 35% year-over-year decrease in revenue fo
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BNGO
News
- Bionano Genomics (BNGO) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Bionano Reports Third Quarter 2024 Results and Highlights Recent Business Progress [Yahoo! Finance]Yahoo! Finance
- Bionano Reports Third Quarter 2024 Results and Highlights Recent Business ProgressGlobeNewswire
- Bionano to Report Third Quarter 2024 Financial Results and Host a Conference Call and Webcast on November 13, 2024GlobeNewswire
- Optical Genome Mapping Market to Witness 26.76% CAGR During 2024-2030 - Consumables and Reagents to Register High Growth - Bionano Genomics, Nucleome Informatics, and Praxis Genomics Dominate the Industry [Yahoo! Finance]Yahoo! Finance
BNGO
Sec Filings
- 11/14/24 - Form 10-Q
- 11/13/24 - Form 8-K
- 10/31/24 - Form 8-K
- BNGO's page on the SEC website