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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財年三季報
美股SEC公告 ·  2024/11/14 21:52

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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 年第三季度報告的營業收入爲 200萬美元,比 2023 年第三季度的 150萬美元增長了 35%,主要由於消費品和儀器銷售增加。淨虧損從同比的 1540萬美元改善至 1010萬美元,而營業費用因成本減少措施和較低的減值費用減少了 290萬美元,降至 1210萬美元。截至 2024 年 9 月 30 日,公司的現金狀況爲 210萬美元,管理層對其在 2024 年第四季度沒有額外資金的情況下繼續作爲持續經營體的能力表示重大懷疑。在本季度,公司繼續進行債務減少工作,將 3000萬美元的 CRG 定期貸款本金轉爲股權。T2 Biosystems 達成了多個運營里程碑,包括獲得 FDA 批准用於兒童的 T2Candida Panel,並提交 A. baumannii 檢測的 510(k) 申請。公司正在尋求戰略替代方案並實施成本降低措施,同時面臨持續的納斯達克上市合規挑戰,需維持最低市場價值要求。
T2 Biosystems 在 2024 年第三季度報告的營業收入爲 200萬美元,比 2023 年第三季度的 150萬美元增長了 35%,主要由於消費品和儀器銷售增加。淨虧損從同比的 1540萬美元改善至 1010萬美元,而營業費用因成本減少措施和較低的減值費用減少了 290萬美元,降至 1210萬美元。截至 2024 年 9 月 30 日,公司的現金狀況爲 210萬美元,管理層對其在 2024 年第四季度沒有額外資金的情況下繼續作爲持續經營體的能力表示重大懷疑。在本季度,公司繼續進行債務減少工作,將 3000萬美元的 CRG 定期貸款本金轉爲股權。T2 Biosystems 達成了多個運營里程碑,包括獲得 FDA 批准用於兒童的 T2Candida Panel,並提交 A. baumannii 檢測的 510(k) 申請。公司正在尋求戰略替代方案並實施成本降低措施,同時面臨持續的納斯達克上市合規挑戰,需維持最低市場價值要求。
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