NEW YORK – Berkeley Lights reported after the close of the market on Thursday a 31 percent increase in fourth quarter revenues, driven by higher service and consumables revenues.
For the three months ended Dec. 31, 2020 the Emeryville, California-based cell analysis firm reported $21.7 million in revenues, up from $16.6 million during the same period last year and beating the consensus Wall Street estimate of $19.0 million.
Product revenues were $17.7 million, while service revenues were $4.1 million.