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NEW YORK – Bionano Genomics reported a 46 percent decrease in second quarter revenues after the close of the market on Thursday, attributable to customers shutting down labs in response to the COVID-19 pandemic.

For the quarter ended June 30, 2020, Bionano reported $1.2 million in revenues, down from $2.2 million for the year-ago period. Of those, $940,000 were product revenues and $242,000 were other revenues compared to $2 million in product revenues and $154,237 in other revenues in Q2 2019.

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