Financial PerformanceBionano reported 4Q23 earnings with revenues of $10.7M, at the high end of their preliminary report, showcasing the company's strong financial execution.
Market ExpansionThe company grew its Saphyr installed base to a total of 301 placed units, up 39% year over year, indicating a robust expansion in its market presence.
Product DevelopmentBionano announced the formal launch of its next-gen Stratys system, which can drive a 4-fold increase in throughput and can process up to 12 single access chips at the same time, at a reduced turnaround time.