Bionano Reports First Quarter 2024 Results and Highlights Recent Business Progress
BNGOBionano Genomics(BNGO) Newsfilter·2024-05-09 04:01

Q1 2024 revenue was $8.8 million, which represents an 18% increase over Q1 2023 Total installed base of 347 optical genome mapping (OGM) systems as of Q1 2024, which represents a 34% increase over Q1 2023 Sold 8,249 nanochannel array flowcells in Q1 2024, which represents a 58% increase over the number of flowcells sold in Q1 2023 Efforts to reduce cash burn and operating expense continued with the March 2024 announcement of expanded cost savings initiatives; since the initial cost savings initiative announ ...