Yahoo Finance Bionano Genomics Third Quarter 2022 Earnings: Beats Expectations
Bionano Genomics (NASDAQ:BNGO) Third Quarter 2022 Results
Key Financial Results
Revenue: US$7.22m (up 55% from 3Q 2021).
Net loss: US$31.8m (loss widened by 53% from 3Q 2021).
US$0.11 loss per share (further deteriorated from US$0.074 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Bionano Genomics Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) also surpassed analyst estimates by 2.9%.
Looking ahead, revenue is forecast to grow 53% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Life Sciences industry in the US.
Performance of the American Life Sciences industry.
The company's shares are down 4.2% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 3 warning signs for Bionano Genomics (1 is a bit concerning!) that you need to be mindful of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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