T2 Biosystems reports Q3 EPS ($2.95), consensus ($2.04)

Reports Q3 revenue $3.68M, consensus $5.9M. "During the third quarter, the T2 Biosystems team generated a quarterly record of $2.4 million of sepsis and related product revenue. We are very excited by the progress with our near-term product pipeline, including the T2Biothreat, T2Resistance, T2Lyme, and expanded T2Bacteria panels. Each new product represents a differentiated solution to rapidly identify harmful pathogens and allow clinicians to achieve faster targeted therapy," stated John Sperzel, chairman and CEO of T2 Biosystems. "To close the year, we will remain focused on our three corporate priorities, accelerating our sales, enhancing our operations, and advancing our pipeline to support long term growth and sustained value creation."