OverviewSuggest Edit

NanoString Technologies is a provider of life science tools for translational research and molecular diagnostics. The company offers nCounter Analysis System, an automated, multi-application, digital detection, and counting system; nCounter MAX and FLEX systems that include Prep Station, an automated liquid handling component that processes and prepares samples for data collection; and nCounter Digital Analyzer, which collects data from samples by taking images of the immobilized fluorescent reporters in the sample cartridge and processing the data into output files. It also offers nCounter SPRINT Profiler, an instrument that provides liquid handling steps and the digital analysis through use of a microfluidic cartridge; and nSolver Analysis Software, a data analysis program that enables researchers to check, normalize, and analyze their data. In addition, it provides custom CodeSets; and pan cancer and 360 gene expression, CAR-T characterization, neuropathology and neuro-inflammation gene expression, autoimmune disease gene expression, miRNA expression, human organ transplant, human and mouse metabolic pathway, and human and mouse fibrosis panels.
TypePublic
Founded2003
HQSeattle, WA, US
Websitenanostring.com
Employee Ratings4.1
Overall CultureF

Latest Updates

Employees (est.) (Dec 2019)551(+16%)
Job Openings91
Revenue (FY, 2020)$117.3 M(-6%)
Share Price (Jun 2021)$59.3
Cybersecurity ratingCMore

Key People/Management at NanoString Technologies

Brad Gray

Brad Gray

President and Chief Executive Officer
J. Chad Brown

J. Chad Brown

Senior Vice President, Sales and Marketing
Kathy Surace-Smith

Kathy Surace-Smith

Vice President, General Counsel and Corporate Secretary
Thomas Bailey

Thomas Bailey

Chief Financial Officer
David W. Ghesquiere

David W. Ghesquiere

Senior Vice President, Corporate and Business Development
William D. Young

William D. Young

Chairman of the Board
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NanoString Technologies Office Locations

NanoString Technologies has an office in Seattle
Seattle, WA, US (HQ)
530 Fairview Ave N #2000
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NanoString Technologies Financials and Metrics

NanoString Technologies Revenue

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View revenue for all periods
NanoString Technologies's revenue was reported to be $117.32 m in FY, 2020
USD

Revenue (Q1, 2021)

31.6m

Gross profit (Q1, 2021)

16.0m

Gross profit margin (Q1, 2021), %

50.6%

Net income (Q1, 2021)

(27.7m)

EBIT (Q1, 2021)

(25.9m)

Market capitalization (11-Jun-2021)

2.7b

Closing stock price (11-Jun-2021)

59.3

Cash (31-Mar-2021)

396.5m

EV

2.5b
NanoString Technologies's current market capitalization is $2.7 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

114.9m106.7m125.6m117.3m

Revenue growth, %

(7%)18%

Cost of goods sold

31.9m36.3m44.0m52.4m

Gross profit

83.0m70.4m81.5m64.9m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Revenue

18.1m34.6m27.0m23.1m25.0m28.6m27.7m30.3m30.6m26.6m21.1m31.6m

Cost of goods sold

7.2m8.2m7.3m7.7m8.6m9.3m8.7m9.6m10.9m11.0m15.6m

Gross profit

10.9m26.4m19.7m15.4m16.4m19.3m19.0m20.7m19.7m15.6m16.0m

Gross profit Margin, %

60%76%73%67%66%68%69%68%64%59%51%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

26.1m24.4m29.0m411.8m

Accounts Receivable

19.6m17.3m27.2m31.1m

Prepaid Expenses

4.7m7.3m8.8m4.2m

Inventories

20.1m13.2m19.8m23.0m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(43.6m)(77.4m)(40.7m)(110.1m)

Depreciation and Amortization

3.4m4.1m4.9m5.7m

Inventories

(8.7m)5.3m(8.5m)(4.9m)

Accounts Payable

(110.0k)4.6m(599.0k)(3.2m)
USDQ1, 2017

Debt/Equity

-15.6 x

Debt/Assets

0.4 x

Financial Leverage

-34.8 x
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NanoString Technologies Operating Metrics

FY, 2017FY, 2018FY, 2019

Product Platforms

112

Facilities Leased

578

Patent Applications (US)

403627

Patents and Patent Applications

255266290
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NanoString Technologies Acquisitions / Subsidiaries

Company NameDateDeal 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 Technologies Revenue Breakdown

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NanoString Technologies revenue breakdown by business segment: 24.7% from Instruments, 41.1% from Consumables, 7.5% from In Vitro Diagnostic Kits, 9.3% from Service and 17.4% from Collaboration

NanoString Technologies revenue breakdown by geographic segment: 68.6% from Americas, 24.1% from Europe & Middle East and 7.3% from Asia Pacific

NanoString Technologies Cybersecurity Score

Cybersecurity ratingPremium dataset

C

71/100

SecurityScorecard logo

NanoString Technologies Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

NanoString Technologies Online and Social Media Presence

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NanoString Technologies Company Culture

  • Overall Culture

    F

    53/100

  • CEO Rating

    C

    66/100

  • Compensation

    C-

    63/100

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NanoString Technologies News and Updates

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.

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…

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 Technologies Blogs

CRO Spotlight: Invest in Today for a Better Tomorrow. A Chat with Oncocyte™ on Its Vision for a Disease-Free Future.

Oncocyte™ is a molecular diagnostic company located in Irvine, CA. It provides services aimed to accelerate and optimize the diagnosis... The post CRO Spotlight: Invest in Today for a Better Tomorrow. A Chat with Oncocyte™ on Its Vision for a Disease-Free Future. appeared first on NanoString.

Pioneers in Spatial Transcriptomics: The Birth of GeoMx® DSP

“A rose started off a bud, a bird started off an egg, and a forest started off a seed.” (Matshona... The post Pioneers in Spatial Transcriptomics: The Birth of GeoMx® DSP appeared first on NanoString.

2020: Science Didn’t Stop. Publications Watch.

In early March 2020, when the world turned upside down, we at NanoString told ourselves and our customers “Science doesn’t... The post 2020: Science Didn’t Stop. Publications Watch. appeared first on Nanostring.

Pluripotent Stem Cells: How to Best Use Them in Your Research

Pluripotent stem cells are an attractive option for cell therapy as they can proliferate infinitely and differentiate into any tissue.... The post Pluripotent Stem Cells: How to Best Use Them in Your Research appeared first on Nanostring.

Why Spatial Biology?

Spatial Transcriptomics is used to determine subcellular localization of mRNA molecules. NanoString explains how this data enhances research. The post Why Spatial Biology? appeared first on Nanostring.

Spatial Biology was named Method of the Year by Nature Methods

Established in 2007, the Nature Methods’ “Method of Year” feature has covered the most revolutionary methodological developments in life science... The post Spatial Biology was named Method of the Year by Nature Methods appeared first on Nanostring.
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NanoString Technologies Frequently Asked Questions

  • When was NanoString Technologies founded?

    NanoString Technologies was founded in 2003.

  • Who are NanoString Technologies key executives?

    NanoString Technologies's key executives are Brad Gray, J. Chad Brown and Kathy Surace-Smith.

  • How many employees does NanoString Technologies have?

    NanoString Technologies has 551 employees.

  • What is NanoString Technologies revenue?

    Latest NanoString Technologies annual revenue is $117.3 m.

  • What is NanoString Technologies revenue per employee?

    Latest NanoString Technologies revenue per employee is $212.9 k.

  • Who are NanoString Technologies competitors?

    Competitors of NanoString Technologies include Personalis, EKF Diagnostics and Klox Technologies.

  • Where is NanoString Technologies headquarters?

    NanoString Technologies headquarters is located at 530 Fairview Ave N #2000, Seattle.

  • Where are NanoString Technologies offices?

    NanoString Technologies has an office in Seattle.

  • How many offices does NanoString Technologies have?

    NanoString Technologies has 1 office.