NanoString Technologies

NanoString Technologies is a publicly held provider of life science tools for translational research and molecular diagnostics. The company's technology enables a wide variety of basic research, translational medicine and in vitro diagnostics applications. 

NanoString Technologies provides life science tools for translational research and molecular diagnostic products. The company's nCounter® Analysis System, which has been employed in basic and translational research since it was first introduced in 2008 and cited in more than 300 peer-reviewed publications, has also now been applied to diagnostic use as the nCounter Dx Analysis System. The company's technology offers a cost-effective way to easily profile the expression of hundreds of genes, miRNAs, or copy number variations, simultaneously with high sensitivity and precision. The company's technology enables a wide variety of basic research and translational medicine applications, including biomarker discovery and validation. The nCounter-based Prosigna™ Breast Cancer Prognostic Gene Signature Assay is the first in vitro diagnostic assay to be marketed through the company's diagnostics business. The nCounter Dx Analysis System is FDA 510(k) cleared for use with the Prosigna Breast Cancer Prognostic Gene Signature Assay. To date, it has not been cleared by the FDA for other indications or for use with other assays. Leading researchers are finding that NanoString's nCounter system provides the ideal platform on which to validate their discoveries and translate them into clinically useful diagnostic assays. The nCounter system is uniquely positioned to support translational research because it provides more reproducible results than methods requiring amplification, and generates high-quality data from the difficult sample types common in clinical research, including Formalin-Fixed Paraffin-Embedded (FFPE) tissues.

Company Growth (employees)
Seattle, US
Size (employees)
407 (est)+33%
NanoString Technologies was founded in 2003 and is headquartered in Seattle, US

Key People at NanoString Technologies

Brad Gray

Brad Gray

President and Chief Executive Officer
James A. Johnson

James A. Johnson

William D. Young

William D. Young

Executive Chairman of the Board
Wayne Burns

Wayne Burns

Senior Vice President, Operations & Administration

NanoString Technologies Office Locations

NanoString Technologies has offices in Seattle and Hong Kong
Seattle, US (HQ)
2000 530 Fairview Ave N

NanoString Technologies Metrics

NanoString Technologies Financial Metrics

Revenue (2016)

$86.5 m

Revenue growth (2015-16), %


Net income (2016)

($47.1 m)

Market capitalization (28-Apr-2017)

$378.4 m

Closing share price (28-Apr-2017)


Cash (31-Dec-2016)

$20.6 m
NanoString Technologies's current market capitalization is $378.4 m.
NanoString Technologies's revenue was reported to be $86.5 m in 2016
FY, 2013FY, 2014FY, 2015Y, 2016


$31.4 m$47.6 m$62.7 m$86.5 m

Revenue growth, %


Cost of goods sold

$15 m

Gross profit

$16.4 m$26.4 m$36.5 m

Gross profit Margin, %


Operating expense total

$44.9 m$72.5 m$77.8 m$127.7 m


($28.5 m)($46 m)($41.2 m)($41.2 m)

EBIT margin, %


Interest expense

$1.9 m$4.1 m$4 m$5.7 m

Interest income

$68 k$272 k$233 k$390 k

Income tax expense

($166 k)($116 k)

Net Income

($29.3 m)($50 m)($45.6 m)($47.1 m)
FY, 2013FY, 2014FY, 2015FY, 2016


$9.9 m$17.2 m$21.9 m$20.6 m

Accounts Receivable

$8.3 m$12.4 m$19.7 m$22.2 m


$6.8 m$5.4 m$3.9 m$3.7 m

Current Assets

$60.7 m$95.3 m$82.8 m$113.8 m


$3.1 m$6.4 m$9.4 m$12.2 m

Total Assets

$64.4 m$102.7 m$92.9 m$126.4 m

Accounts Payable

$3.4 m$3.4 m$3.2 m$4.9 m

Current Liabilities

$18.6 m$18.8 m$20.9 m$36.4 m

Additional Paid-in Capital

$158.3 m$221.7 m$242.7 m$281.9 m

Retained Earnings

($126.8 m)($176.9 m)($222.5 m)($269.5 m)

Total Equity

$31.5 m$44.8 m$20.2 m$12.3 m

Financial Leverage

2 x2.3 x4.6 x10.3 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

($29.3 m)($50 m)($45.6 m)($47.1 m)

Depreciation and Amortization

$1.8 m$1.5 m$2.4 m$3 m

Accounts Receivable

($5 m)($4.1 m)($7.3 m)($2.5 m)


($1.4 m)($1.3 m)($5.4 m)($5 m)

Accounts Payable

$1.6 m$21 k($166 k)$869 k

Cash From Operating Activities

($31.3 m)($38.1 m)($43.4 m)($6.1 m)

Purchases of PP&E

($759 k)($1.9 m)($3.8 m)($4 m)

Cash From Investing Activities

($33 m)($24.3 m)$23.8 m($30.3 m)

Long-term Borrowings

($211 k)($18.2 m)

Cash From Financing Activities

$52.6 m$69.6 m$24.3 m$35.1 m

Interest Paid

$1.5 m$3.5 m$2.8 m$4.1 m

Income Taxes Paid

$69 k$217 k

NanoString Technologies Market Value History

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NanoString Technologies Company Life

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