NanoString Reports Q1 Revenues Jump 27 Percent, Positive Cash Flow | GenomeWeb

NEW YORK (GenomeWeb) – NanoString Technologies reported after the close of the market Thursday that first quarter revenues increased 27 percent, and that the firm achieved the first quarter of positive operating cash flow in its history.

For the three months ended March 31, the Seattle-based molecular diagnostics firm reported total revenues of $14.7 million, compared to $11.6 million in the prior year period. However, revenue fell short of the average Wall Street analyst estimate of $14.9 million. Foreign exchange rates affected growth by less than 1 percent.

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