T2 Biosystems Continues To Execute, Slowly But Surely [Seeking Alpha]
T2 Biosystems, Inc. (TTOO)
Last t2 biosystems, inc. earnings: 2/24 04:05 pm
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US:NASDAQ Investor Relations:
investors.t2biosystems.com/phoenix.zhtml?c=253528&p=irol-faq
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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
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TTOO
News
- T2 Biosystems to Report First Quarter 2024 Financial Results and Business Updates on May 6, 2024GlobeNewswire
- T2 Biosystems shareholders vote to convert $15M CRG debt into equity [Seeking Alpha]Seeking Alpha
- T2 Biosystems Shareholders Vote for CRG Debt Conversion into EquityGlobeNewswire
- T2 Biosystems Announces Extension of Multi-Year Capital Equipment Supplier Agreement with Vizient, Inc. [Yahoo! Finance]Yahoo! Finance
- T2 Biosystems Announces Extension of Multi-Year Capital Equipment Supplier Agreement with Vizient, Inc.GlobeNewswire
TTOO
Sec Filings
- 4/22/24 - Form S-1
- 4/19/24 - Form SC
- 4/18/24 - Form 8-K
- TTOO's page on the SEC website