NEW YORK (GenomeWeb News) - NanoString Technologies today reported unaudited fourth-quarter 2013 revenue of $10.1 million, representing 55 percent growth over the comparable period of 2012 and beating analyst estimates of $9.6 million.
The company expects to report full-year 2013 revenue of $31.4 million, representing 37 percent growth over 2012 and beating consensus analyst estimates of $30.9 million.
NanoString said it anticipates fourth-quarter instrument revenue to nearly double to $5.3 million from $2.5 million in the fourth quarter of 2012. The company said it had an installed base of 180 nCounter Analysis Systems at the end of 2013.
The company expects fourth-quarter consumables revenue to rise 19 percent to $4.4 million from $3.7 million reported for the fourth quarter of 2012.
NanoString said it expects to report an increased operating loss and net loss for the fourth quarter of 2013 as compared to the fourth quarter of 2012 but did not provide further details.
Separately, the company announced that it has filed a registration statement with the US Securities and Exchange Commission for a proposed follow-on public offering of $55 million of its common stock. It also plans to grant the underwriters a 30-day option to purchase up to an additional $8.25 million of its common stock.