T2 Biosystems Announces First Quarter 2024 Financial Results
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: GlobeNewswire
LEXINGTON, Mass., May 06, 2024 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO) (the “Company”), a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes, today announced unaudited financial and operational results for the first quarter ended March 31, 2024. Recent Financial and Operational Highlights Achieved first quarter 2024 sepsis product revenue of $2.1 million, representing growth of 25% compared to the prior year period and sequential growth of 23% compared to the fourth quarter of 2023, led by T2Candida Panel sales and strong T2Resistance Panel sales internationally.Executed contracts for 8 T2Dx® Instruments during the first quarter, including 5 T2Dx Instruments from outside the U.S. and 3 T2Dx Instruments from the U.S.Strengthened balance sheet by converting $30.0 million of term loan debt with CRG Servicing LLC (“CRG”) in exchange for shares of T2 Biosystems equity, reducing both total debt and quarterly interest payments to CRG b
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News
- T2 Biosystems Announces Closing of $8 Million Private Placement Priced At-The-Market Under Nasdaq Rules [Yahoo! Finance]Yahoo! Finance
- T2 Biosystems Announces Closing of $8 Million Private Placement Priced At-The-Market Under Nasdaq RulesGlobeNewswire
- T2 Biosystems Announces $8 Million Private Placement Priced At-The-Market Under Nasdaq RulesGlobeNewswire
- T2 Biosystems Announces CRG's Conversion from Preferred Stock to Common Stock [Yahoo! Finance]Yahoo! Finance
- T2 Biosystems Announces CRG’s Conversion from Preferred Stock to Common StockGlobeNewswire
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Analyst Actions
- 4/29/24 - Canaccord Genuity
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Sec Filings
- 5/14/24 - Form RW
- 5/14/24 - Form 8-K
- 5/13/24 - Form SC
- TTOO's page on the SEC website