Financial PerformanceBNGO experienced significant declines in its instrument and services lines.
Revenue GuidanceBNGO again reduced its 2024 revenue guide to $28-30M, below its prior $32-36M, $36-40M, and $37-41M guides earlier this year.
Workforce ReductionBionano will part ways with another 45% of its workforce, expected to reduce its annual cash burn by an additional $25-30M.