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T2 Biosystems Announces Fourth Quarter and Full Year 2019 Financial Results

T2 Biosystems, Inc. (TTOO) 
Last t2 biosystems, inc. earnings: 2/24 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
LEXINGTON, Mass., Feb. 24, 2020 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the rapid detection of sepsis-causing pathogens, today announced financial results for the fourth quarter and full year ended December 31, 2019. Fourth Quarter and Recent Business and Financial Performance Highlights Achieved fourth quarter total revenue of $3.1 million and product revenue of $1.6 million, representing increases of 71% and 18% respectively, compared to the prior year periodReceived CE mark for the T2Resistance Panel, allowing commercialization throughout the European Union and other CE mark geographiesSecured new contracts for ten T2Dx Instruments during the fourth quarter of 2019Appointed John Sperzel as Chief Executive Officer and Tony Pare as Chief Commercial Officer Full Year 2019 Business and Financial Performance Highlights Awarded a contract for up to $69 million in milestone-based product development funding from a U.S. government agency; one of the Show less Read more
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