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T2 Biosystems | 8-K: T2 Biosystems Announces Second Quarter 2024 Financial Results

T2 Biosystems | 8-K: T2 Biosystems Announces Second Quarter 2024 Financial Results

T2 Biosystems | 8-K:T2 Biosystems 公布2024年第二季度财务业绩
美股SEC公告 ·  2024/07/30 05:05

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T2 Biosystems achieved Q2 2024 total revenue of $2.0 million, with record quarterly sepsis test revenue growing 27% YoY led by T2Bacteria and T2Resistance panel sales. Loss from operations improved 27% to $9.6 million compared to $13.1 million in Q2 2023. Net loss was $9.2 million ($0.66 per share) versus $6.3 million ($7.84 per share) last year. Cash position stood at $4.2 million as of June 30, 2024.The company executed contracts for 2 T2Dx Instruments internationally in Q2 and secured 6 additional instrument contracts in July 2024. Strategic progress includes signing distribution agreements in Qatar, Hong Kong, Malaysia, Indonesia, and Macau. The company strengthened its balance sheet by converting $30.0 million of CRG term loan debt into equity, reducing total debt and quarterly interest payments by approximately 80%.T2 Biosystems completed clinical studies for T2Lyme Panel launch as a laboratory developed test in Q3 2024 and submitted FDA 510(k) for expanded T2Candida Panel pediatric testing. The company maintains its 2024 guidance for sepsis product revenue of $10.0-11.0 million, representing 49-64% growth YoY.
T2 Biosystems achieved Q2 2024 total revenue of $2.0 million, with record quarterly sepsis test revenue growing 27% YoY led by T2Bacteria and T2Resistance panel sales. Loss from operations improved 27% to $9.6 million compared to $13.1 million in Q2 2023. Net loss was $9.2 million ($0.66 per share) versus $6.3 million ($7.84 per share) last year. Cash position stood at $4.2 million as of June 30, 2024.The company executed contracts for 2 T2Dx Instruments internationally in Q2 and secured 6 additional instrument contracts in July 2024. Strategic progress includes signing distribution agreements in Qatar, Hong Kong, Malaysia, Indonesia, and Macau. The company strengthened its balance sheet by converting $30.0 million of CRG term loan debt into equity, reducing total debt and quarterly interest payments by approximately 80%.T2 Biosystems completed clinical studies for T2Lyme Panel launch as a laboratory developed test in Q3 2024 and submitted FDA 510(k) for expanded T2Candida Panel pediatric testing. The company maintains its 2024 guidance for sepsis product revenue of $10.0-11.0 million, representing 49-64% growth YoY.
T2 Biosystems在2024年第二季度实现了200万美元的总营业收入,季度败血症检测收入创下新高,受T2Bacteria和T2支撑位面板销售的推动同比增长27%。运营损失改善了27%,降至960万美元,而2023年第二季度为1310万美元。净亏损为920万美元(每股0.66美元),而去年为630万美元(每股7.84美元)。截至2024年6月30日,现金储备为420万美元。该公司在第二季度国际上签署了2份T2Dx仪器合同,并在2024年7月额外获得了6份仪器合同。战略进展包括在卡塔尔、香港、马来西亚、印度尼西亚和澳门签署分销协议。该公司通过将3000万美元的CRG定期贷款债务转换为股权,...展开全部
T2 Biosystems在2024年第二季度实现了200万美元的总营业收入,季度败血症检测收入创下新高,受T2Bacteria和T2支撑位面板销售的推动同比增长27%。运营损失改善了27%,降至960万美元,而2023年第二季度为1310万美元。净亏损为920万美元(每股0.66美元),而去年为630万美元(每股7.84美元)。截至2024年6月30日,现金储备为420万美元。该公司在第二季度国际上签署了2份T2Dx仪器合同,并在2024年7月额外获得了6份仪器合同。战略进展包括在卡塔尔、香港、马来西亚、印度尼西亚和澳门签署分销协议。该公司通过将3000万美元的CRG定期贷款债务转换为股权,增强了其资产负债表,减少了约80%的总债务和季度利息支付。T2 Biosystems已完成T2Lyme面板作为实验室开发测试的临床研究,并提交了FDA 510(k)申请,扩展T2Candida面板的儿科检测。该公司维持其2024年败血症产品营业收入的指引为1000-1100万美元,同比增长49-64%。
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