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T2 Biosystems Announces Preliminary Third Quarter 2024 Financial Results

T2 Biosystems, Inc. (TTOO) 
Last t2 biosystems, inc. earnings: 2/24 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
LEXINGTON, Mass., Oct. 07, 2024 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ: TTOO), a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes, today announced preliminary unaudited financial and operational results for the third quarter 2024. Recent Financial and Operational Highlights (unaudited) Achieved third quarter total revenue of $2.0 million, representing an increase of 35% compared to the prior year period, driven by increased sepsis test revenue and instrument revenue.Achieved sepsis test panel revenue of $1.6 million, representing an increase of 42% compared to the prior year period, driven by increased T2Bacteria® Panel revenue in the U.S.Executed contracts for 11 T2Dx® Instruments during the third quarter, including 1 in the U.S. and    10 internationally.Expanded international distribution network by entering into an exclusive distribution agreement covering Malaysia and Indonesia. Recent Pipeline and Clinical Highlights Receiv Show less Read more
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