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T2 Biosystems | 10-Q: Q3 2024 Earnings Report

T2 Biosystems | 10-Q: Q3 2024 Earnings Report

T2 Biosystems | 10-Q:2024财年三季报
美股SEC公告 ·  2024/11/15 04:52

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T2 Biosystems reported Q3 2024 revenue of $2.0 million, up 35% from $1.5 million in Q3 2023, driven by higher consumables and instrument sales. Net loss improved to $10.1 million from $15.4 million year-over-year, while operating expenses decreased by $2.9 million to $12.1 million due to cost reduction initiatives and lower impairment charges.The company's cash position stood at $2.1 million as of September 30, 2024, with management expressing substantial doubt about its ability to continue as a going concern without additional funding in Q4 2024. During the quarter, the company continued its debt reduction efforts, having converted $30 million of CRG Term Loan principal to equity in 2024.T2 Biosystems achieved several operational milestones, including FDA clearance for pediatric use of T2Candida Panel and submission of 510(k) applications for A. baumannii detection. The company is pursuing strategic alternatives and implementing cost reduction measures while facing ongoing Nasdaq listing compliance challenges requiring maintenance of minimum market value requirements.
T2 Biosystems reported Q3 2024 revenue of $2.0 million, up 35% from $1.5 million in Q3 2023, driven by higher consumables and instrument sales. Net loss improved to $10.1 million from $15.4 million year-over-year, while operating expenses decreased by $2.9 million to $12.1 million due to cost reduction initiatives and lower impairment charges.The company's cash position stood at $2.1 million as of September 30, 2024, with management expressing substantial doubt about its ability to continue as a going concern without additional funding in Q4 2024. During the quarter, the company continued its debt reduction efforts, having converted $30 million of CRG Term Loan principal to equity in 2024.T2 Biosystems achieved several operational milestones, including FDA clearance for pediatric use of T2Candida Panel and submission of 510(k) applications for A. baumannii detection. The company is pursuing strategic alternatives and implementing cost reduction measures while facing ongoing Nasdaq listing compliance challenges requiring maintenance of minimum market value requirements.
T2 Biosystems 在 2024 年第三季度报告的营业收入为 200万美元,比 2023 年第三季度的 150万美元增长了 35%,主要由于消费品和仪器销售增加。净亏损从同比的 1540万美元改善至 1010万美元,而营业费用因成本减少措施和较低的减值费用减少了 290万美元,降至 1210万美元。截至 2024 年 9 月 30 日,公司的现金状况为 210万美元,管理层对其在 2024 年第四季度没有额外资金的情况下继续作为持续经营体的能力表示重大怀疑。在本季度,公司继续进行债务减少工作,将 3000万美元的 CRG 定期贷款本金转为股权。T2 Biosystems 达成了多个运营里程碑,包括获得 FDA 批准用于儿童的 T2Candida Panel,并提交 A. baumannii 检测的 510(k) 申请。公司正在寻求战略替代方案并实施成本降低措施,同时面临持续的纳斯达克上市合规挑战,需维持最低市场价值要求。
T2 Biosystems 在 2024 年第三季度报告的营业收入为 200万美元,比 2023 年第三季度的 150万美元增长了 35%,主要由于消费品和仪器销售增加。净亏损从同比的 1540万美元改善至 1010万美元,而营业费用因成本减少措施和较低的减值费用减少了 290万美元,降至 1210万美元。截至 2024 年 9 月 30 日,公司的现金状况为 210万美元,管理层对其在 2024 年第四季度没有额外资金的情况下继续作为持续经营体的能力表示重大怀疑。在本季度,公司继续进行债务减少工作,将 3000万美元的 CRG 定期贷款本金转为股权。T2 Biosystems 达成了多个运营里程碑,包括获得 FDA 批准用于儿童的 T2Candida Panel,并提交 A. baumannii 检测的 510(k) 申请。公司正在寻求战略替代方案并实施成本降低措施,同时面临持续的纳斯达克上市合规挑战,需维持最低市场价值要求。
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