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Bionano Genomics Reports First Quarter 2021 Financial Results and Highlights Recent Business Progress

Bionano Genomics Reports First Quarter 2021 Financial Results and Highlights Recent Business Progress
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Bionano Genomics Reports First Quarter 2021 Financial

Bionano Genomics Reports First Quarter 2021 Financial Results and Highlights Recent Business Progress
May 13, 2021 16:01 ET
| Source:
Bionano Genomics
Bionano Genomics
San Diego, California, UNITED STATES
179% year-over-year revenue increase driven by record sales of consumables and growth in the Saphyr installed base
All 2021 milestones on track
Strong balance sheet with $362 million cash as of March 31, 2021
Conference call today, Thursday, May 13, at 4:30 pm ET
SAN DIEGO, May 13, 2021 (GLOBE NEWSWIRE)
Bionano Genomics, Inc. (NASDAQ: BNGO) today reported financial results and business achievements for the first quarter ended March 31, 2021 and highlighted recent corporate updates.
“2021 is off to a solid start for Bionano. In the first quarter, we sold a record number of flow cells, analyzed a record number of samples in our service lab, drove broad adoption of Saphyr instrumen ....

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Why Bionano Genomics Stock Rocketed More Than 28% Today

Shares of
Bionano Genomics (NASDAQ:BNGO) furthered their recent gains on Monday. By the close of trading, the genome analysis company s stock price was up 28.4%.
So what

Bullish analyst remarks have likely contributed to Bionano s recent ascent. Maxim analyst Jason McCarthy reiterated his buy rating on Bionano s shares and boosted his price forecast sevenfold from $2 to $14 on Friday.
Bionano Genomics stock rose sharply in recent days. Image source: Getty Images.
McCarthy believes the recent Next-Generation Cytogenomics Symposium during which doctors and scientists highlighted the impressive capabilities of its Saphyr optical genome mapping (OGM) system helped to demonstrate the important role Bionano could serve in the healthcare industry. Awareness, adoption, and messaging in 2019 and 2020 culminated with a cytogenetics symposium that has opened the eyes of the genomics world to Saphyr, in our view, McCarthy said. ....

Jason Mccarthy , Bionano Genomics , Next Generation Cytogenomics , ஜேசன் ம்க்கார்தீ ,

84 Biggest Movers From Yesterday

84 Biggest Movers From Yesterday
Benzinga
1/12/2021
Gainers
Zomedica Corp. (NYSE: ZOM) shares surged 92.2% to close at $0.93 on Monday after surging 21% on Friday. The company, last week, appointed Robert Cohen as Chief Executive Officer.
GeoVax Labs, Inc. (NASDAQ: GOVX) shares gained 62.4% to close at $5.36 after the company was awarded NIH grant to advance COVID-19 vaccine development.
Avinger, Inc. (NASDAQ: AVGR) jumped 61.9% to close at $1.45 after climbing around 38% on Friday. The company on Dec. 30 was granted a European patent titled Oct imaging catheter with lag correction.
TransEnterix, Inc. (NYSE: TRXC) rose 43.1% to close at $1.66 after jumping around 29% on Friday. TransEnterix, last week, said it sees preliminary Q4 sales of $1.1 million. ....

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