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-0.00504435554009391 -0.00678378848495401 -0.00504435554009391 0.00365280918420593 0.0297095146982084 0.0627935293094451 0.0854061575926247 0.0819272917029049
Stock impact report

T2 Biosystems Continues To Execute, Slowly But Surely [Seeking Alpha]

T2 Biosystems, Inc. (TTOO) 
Last t2 biosystems, inc. earnings: 2/24 04:05 pm Check Earnings Report
Company Research Source: Seeking Alpha
Summary T2 Biosystems' ( TTOO ) Q2'18 results were in line, with a slight beat on revenue. Q2 EPS came in at a loss of $0.32, and revenue was about $1M higher than expected. However, please note that while $1M is not a lot, it makes a big difference to the company, when total revenue was only $3.9M. For Q2 the company signed 10 new hospital contracts, and secured 9 new placements of T2Dx Instruments, ahead of the target of 8. Also, its high-risk patients at newly contracted hospitals is estimated at 45,000, ahead of the 35,000 target. As for guidance, the company reiterated its full-year 2018 financial guidance of revenue in the range of $10.5M to $12.0M. The company also expects to place 20 to 25 T2Dx Instruments in the second half of 2018, which will provide combined access to a minimum of 75,000 high-risk patients suspected of sepsis. Overall, there was not much new information in the press release. And it is my suspicion that the lack of news during the current Show less Read more
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