NEW YORK – NanoString Technologies on Tuesday reported preliminary third quarter revenue growth of 14 percent and announced a $150 million stock offering.
For the quarter ended Sept. 30, 2020 NanoString estimated product and service revenue of $30.1 million. Instrument revenue was approximately $12.9 million during Q3, up 60 percent year over year, including $7.5 million in sales of the GeoMx digital spatial profiler. Consumables revenue was $13.7 million, down 11 percent year over year. Service revenue was $3.5 million, up 16 percent over the year-ago quarter.