Why Bionano Genomics Stock Is Skyrocketing Today
Shares of Bionano Genomics (NASDAQ: BNGO) had skyrocketed 19.3% as of 11:05 a.m. EDT on Friday. The big gain came after the company announced its first-quarter results following the market close on Thursday.
Bionano's revenue in the first quarter soared 179% year over year to $3.2 million. The consensus analysts' estimate was for revenue of $2.9 million. The company posted a net loss of $9.9 million, but this reflected solid improvement from the net loss of $10.5 million in the prior-year period.
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Source Fool.com