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Berkeley Lights Reports Preliminary Q3 Revenues Grow Approximately 33 Percent

NEW YORK – Berkeley Lights said on Tuesday that it expects preliminary third quarter revenue growth of approximately 33 percent.

For the three months ended Sept. 30, the company expects record total revenues in the range of $24 million to $24.3 million and said it placed 13 platforms, including three subscriptions, also a record.

"Our results this quarter are a testament to the value and broad applicability of the Berkeley Lights platform across multiple disciplines," CEO Eric Hobbs said in a statement.

Based in Emeryville, California, Berkeley Lights makes instruments for cell sorting and analysis based on so-called "optofluidic" technology.

The firm expects to report its full Q3 financial results on Nov. 4.

In early morning trading on the Nasdaq, shares of Berkeley Lights were up 11 percent at $20.71.