NANOSTRING TECHNOLOGIES ($NASDAQ:NSTG) reported that total revenue for the second quarter of FY 2023 ending June 30 2023 had increased by 37.1%, to USD 44.2 million year over year. Net income was USD -43.7 million, representing an improvement on the prior year’s figure of -39.2 million. The results were announced on August 3 2023.
GoodWhale conducted an analysis of NANOSTRING TECHNOLOGIES‘s financials and based on the Star Chart, the company has a low health score of 2/10. This is due to their cashflows and debt, indicating that they are less likely to be able to pay off debt and fund future operations. NANOSTRING TECHNOLOGIES is classified as an ‘elephant’ type of company, meaning that it is rich in assets after deducting off liabilities. This type of company may be attractive to investors who are interested in asset strength, medium growth, and weak dividends and profitability. NANOSTRING TECHNOLOGIES is known to be strong in asset strength, medium in terms of growth, and weak in dividend and profitability offerings. Investors should be aware of these factors when considering investing in NANOSTRING TECHNOLOGIES. More…
Risk Rating Analysis
Star Chart Analysis
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Nanostring Technologies. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
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Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nanostring Technologies. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Nanostring Technologies are shown below. More…
Income Statement Ratios
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These companies are all working to develop new and improved methods for diagnosing and treating disease, and the competition between them is fierce. NanoString Technologies Inc has a strong product portfolio and a well-established customer base, but its competitors are quickly catching up. Only time will tell which company will come out on top in this competitive market.
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However, net income remained in the red at -$43.7 million, an improvement from the prior year’s figure of -$39.2 million. Despite these encouraging financial results, the stock price for the company moved down on the same day, suggesting a pessimistic outlook among investors. Those looking to invest in NANOSTRING TECHNOLOGIES should be aware of the company’s current financial standings and consider the possible risks associated with investing in such a volatile stock.