January 8, 2018 / 10:10 AM / 12 days ago

BRIEF-NanoString Technologies cuts 30 jobs; sees FY 2017 revenue between $113 mln-$115 mln

Jan 8 (Reuters) - Nanostring Technologies Inc:

* NANOSTRING TECHNOLOGIES SAYS ‍PRODUCT AND SERVICE REVENUE FOR FISCAL YEAR 2017 IS EXPECTED TO BE ABOUT $72 MILLION, VERSUS PRIOR GUIDANCE OF $68 TO $71 MILLION​

* SEES FY 2017 REVENUE $113 MILLION TO $115 MILLION

* NANOSTRING TECHNOLOGIES PROVIDES PRELIMINARY OPERATIONAL AND FINANCIAL RESULTS FOR FOURTH QUARTER AND FISCAL YEAR 2017

* ‍PRODUCT AND SERVICE REVENUE FOR Q4 OF 2017 IS EXPECTED TO BE APPROXIMATELY $21 MILLION​

* ‍DURING Q4, COMPANY ELIMINATED APPROXIMATELY 30 POSITIONS IN LOWER-PRIORITY AREAS OF BUSINESS​

* ‍NOW EXPECTS THAT ITS EXISTING CASH ON-HAND WILL BE SUFFICIENT TO FUND ITS OPERATIONS THROUGH MID-2019​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below