NanoString
- Revenue$145.1 MFY, 2021
- Market Capitalization$584.3 M2022-07-29
OverviewSuggest Edit
NanoString Technologies is a provider of life science tools for translational research and molecular diagnostics. The company offers three platforms: nCounter Analysis System, that allows researchers to profile the expression of hundreds of genes, proteins, miRNAs, or copy number variations; GeoMx Digital Spatial Profiler that enables multiplexed spatial profiling of RNA and protein targets in various sample types; and CosMx Spatial Molecular Imager that enables high-resolution imaging of RNAs or proteins directly from single cells within morphologically intact whole tissue sections.
| Type | Public | |
| Founded | 2003 | |
| HQ | Seattle, WA, US | Map |
| Website | nanostring.com | |
| Employee Ratings | ||
| Overall Culture | D- | More |
Recent NewsAll News
- Worldwide Industry for Spatial Genomics and Transcriptomics to 2030 - Players Include NanoString Technologies, S2 Genomics & Flagship Biosciences Among Others
- NanoString Technologies Announces Pricing of Public Offering of 4,500,000 Shares of Common Stock
- NanoString Technologies Announces Commencement of Public Offering of Common Stock
- NanoString Technologies Provides Preliminary Operational and Financial Results for Fourth Quarter and Fiscal Year 2018
Key People/Management at NanoString
Brad Gray
President and Chief Executive Officer
Joseph M. Beechem
Chief Scientific Officer & Senior Vice President, Research & Development
Thomas Bailey
Chief Financial Officer
William D. Young
Chairman of the Board
David W. Ghesquiere
Senior Vice President, Corporate and Business Development
Kathy Surace-Smith
Senior Vice President, Human Resources and Legal Affairs
NanoString Office Locations
NanoString has offices in Seattle and Amsterdam
Seattle, WA, US (HQ)
530 Fairview Ave N
Amsterdam, NL
Paasheuvelweg 25
NanoString Financials and Metrics
NanoString Revenue
NanoString's revenue was reported to be $145.09 m in FY, 2021
| USD | |
|---|---|
Revenue (Q1, 2022) | 31.1m |
Net income (Q1, 2022) | (39.5m) |
EBIT (Q1, 2022) | (37.5m) |
Market capitalization (29-Jul-2022) | 584.3m |
Closing stock price (29-Jul-2022) | 12.8 |
Cash (31-Mar-2022) | 98.5m |
NanoString's current market capitalization is $584.3 m.
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 27.7m | 30.3m | 30.6m | 26.6m | 22.6m | 31.8m | 31.6m | 33.9m | 37.2m | 31.1m |
Cost of goods sold | 8.7m | 9.6m | 10.9m | 11.0m | 10.7m | 14.0m | 15.6m | 15.5m | 17.2m | 14.8m |
Gross profit | 19.0m | 20.7m | 19.7m | 15.6m | 11.9m | 17.9m | 16.0m | 18.4m | 20.0m | |
Gross profit Margin, % | 69% | 68% | 64% | 59% | 53% | 56% | 51% | 54% | 54% |
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 15.6m | 24.3m | 21.2m | 84.1m | 33.4m | 23.4m | 155.6m | 168.4m | 171.5m | 396.5m | 160.4m | 107.2m | 98.5m |
Accounts Receivable | 16.3m | 17.4m | 18.5m | 18.1m | 19.0m | 19.5m | 21.2m | 22.0m | 25.8m | 33.2m | 32.0m | 35.5m | 30.4m |
Prepaid Expenses | 5.8m | 5.9m | 7.1m | 8.6m | 9.2m | 10.9m | 5.4m | 3.2m | 4.0m | 6.9m | 7.4m | 9.5m | 10.1m |
Inventories | 19.1m | 17.6m | 15.0m | 13.0m | 16.5m | 19.0m | 22.2m | 26.0m | 26.2m | 24.4m | 28.7m | 31.1m | 34.6m |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | (18.9m) | (23.4m) | (34.8m) | (19.2m) | (39.8m) | (56.3m) | (21.9m) | (41.9m) | (64.7m) | (38.6m) | (65.8m) | (87.1m) | (27.7m) | (54.7m) | (86.0m) | (39.5m) |
Depreciation and Amortization | 814.0k | 1.7m | 2.5m | 928.0k | 2.0m | 3.0m | 1.2m | 2.4m | 3.6m | 1.2m | 2.8m | 4.3m | 1.4m | 2.9m | 4.3m | 1.5m |
Inventories | (837.0k) | (2.5m) | (5.9m) | 817.0k | 1.6m | 3.5m | (465.0k) | (4.4m) | (7.2m) | (2.7m) | (6.6m) | (6.8m) | (2.2m) | (7.0m) | (10.3m) | (4.1m) |
Accounts Payable | (2.1m) | (392.0k) | (1.7m) | 716.0k | 1.1m | 1.3m | (1.9m) | (2.6m) | (2.0m) | (260.0k) | (2.8m) | (4.3m) | 943.0k | 6.0m | 7.0m | 3.9m |
NanoString Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| NanoString Technologies Asia Pacific Limited | ||
| NanoString Technologies (Bejing) Co. Ltd. | ||
| NanoString Technologies Europe Limited | ||
| NanoString Technologies Germany GmbH | ||
| NanoString Technologies International | ||
| NanoString Technologies SAS | ||
| NanoString Technologies Singapore Pte Limited | ||
| NanoString Technologies Spain, S.L. |
NanoString Revenue Breakdown
NanoString revenue breakdown by business segment: 40.8% from Instruments, 42.7% from Consumables, 11.5% from Service and 5.0% from Collaboration
NanoString revenue breakdown by geographic segment: 22.9% from Europe & Middle East, 68.0% from Americas and 9.1% from Asia Pacific
NanoString Cybersecurity Score
NanoString Environment, Social & Governance (ESG) Ratings
NanoString Online and Social Media Presence
12.36k Twitter followers
NanoString has 12.36k Twitter Followers. The number of followers has decreased 0.1% month over month and increased 4.1% quarter over quarter
NanoString's Trends
Twitter Engagement Stats for @nanostringtech
3.5k
Tweets
1.7k
Following
12.4k
Followers
56
Tweets last 30 days
4.1
Avg. likes per Tweet
92.9%
Tweets with engagement
NanoString Company Culture
Overall Culture
D-
57/100
CEO Rating
C-
65/100
Compensation
D+
60/100
Diversity
B
78/100
NanoString News and Updates
December 08, 2020
Worldwide Industry for Spatial Genomics and Transcriptomics to 2030 - Players Include NanoString Technologies, S2 Genomics & Flagship Biosciences Among Others
Dublin, Dec. 08, 2020 (GLOBE NEWSWIRE) -- The "Global Spatial Genomics and Transcriptomics Market: Focus on Product Type, Sample Type, Workflow, Application, End User, Region and Competitive Landscape - Analysis and Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
March 19, 2019
NanoString Technologies Announces Pricing of Public Offering of 4,500,000 Shares of Common Stock
SEATTLE, March 19, 2019 (GLOBE NEWSWIRE) -- NanoString Technologies, Inc. (NASDAQ:NSTG), a provider of life science tools for translational research and molecular diagnostic products, today announced the pricing of an underwritten public offering of 4,500,000 shares of its common stock at a price …
March 18, 2019
NanoString Technologies Announces Commencement of Public Offering of Common Stock
SEATTLE, March 18, 2019 (GLOBE NEWSWIRE) -- NanoString Technologies, Inc. (NASDAQ:NSTG), a provider of life science tools for translational research and molecular diagnostic products, today announced an underwritten public offering of 4,500,000 shares of its common stock pursuant to its shelf regi…
January 07, 2019
NanoString Technologies Provides Preliminary Operational and Financial Results for Fourth Quarter and Fiscal Year 2018
— FY18 Product and Service Revenue of $83.5 million, Exceeding High-End of Guidance —— Generated Pre-Orders for More Than 30 GeoMx™ Digital Spatial Profilers —
NanoString Blogs
June 13, 2022
A new map for our anatomy: the Spatial Organ Atlas
One year for spring break, we found ourselves in Portland, Oregon. For science-y people, a trip to Portland would be...
The post A new map for our anatomy: the Spatial Organ Atlas appeared first on NanoString.
May 30, 2022
Is your Lab Secure? Exploring the New Cyberbiosecurity World
As someone who is involved in molecular biology research, how often do you think about cybersecurity? Occasionally? Never? Perhaps you...
The post Is your Lab Secure? Exploring the New Cyberbiosecurity World appeared first on NanoString.
May 16, 2022
GeoMx® DSP Integrated with Sequencing Run Planning for NextSeq 1000/2000
Illumina and NanoString® collaborated further to pair the GeoMx® DSP with NGS readout from Illumina sequencing instruments. This partnership enables...
The post GeoMx® DSP Integrated with Sequencing Run Planning for NextSeq 1000/2000 appeared first on NanoString.
May 05, 2022
Five Key Milestones in the History of Research in Cancer Biology
On a cold snowy day in late November 2016, I sat with my father-in-law at the infusion clinic in the...
The post Five Key Milestones in the History of Research in Cancer Biology appeared first on NanoString.
April 11, 2022
The GeoMx® Digital Spatial Profiler is Aiding Global Infectious Disease Researchers to Reveal How the Immune System Responds to HIV
Imagine a world without HIV The innate immune response is the first line of defense against the pathogen during a...
The post The GeoMx® Digital Spatial Profiler is Aiding Global Infectious Disease Researchers to Reveal How the Immune System Responds to HIV appeared first on NanoString.
March 28, 2022
How do I choose the right spatial biology technology?
What is Spatial Biology? The rapidly evolving field of spatial biology investigates the spatial location and organization of gene expression in...
The post How do I choose the right spatial biology technology? appeared first on NanoString.
NanoString Frequently Asked Questions
When was NanoString founded?
NanoString was founded in 2003.
Who are NanoString key executives?
NanoString's key executives are Brad Gray, Joseph M. Beechem and Thomas Bailey.
How many employees does NanoString have?
NanoString has 766 employees.
What is NanoString revenue?
Latest NanoString annual revenue is $145.1 m.
What is NanoString revenue per employee?
Latest NanoString revenue per employee is $189.4 k.
Who are NanoString competitors?
Competitors of NanoString include Personalis, EKF Diagnostics and Klox Technologies.
Where is NanoString headquarters?
NanoString headquarters is located at 530 Fairview Ave N, Seattle.
Where are NanoString offices?
NanoString has offices in Seattle and Amsterdam.
How many offices does NanoString have?
NanoString has 2 offices.
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