NanoString (NSTG) Revenue & Revenue Breakdown


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NanoString Revenue Highlights


Latest Revenue (Y)

$127.26M

Latest Revenue (Q)

$48.09M

Main Segment (Y)

Product

Main Geography (Y)

Americas

NanoString Revenue by Period


NanoString Revenue by Year

DateRevenueChange
2022-12-31$127.26M-12.28%
2021-12-31$145.09M23.67%
2020-12-31$117.32M-6.57%
2019-12-31$125.57M17.65%
2018-12-31$106.73M-7.11%
2017-12-31$114.91M32.86%
2016-12-31$86.49M38.01%
2015-12-31$62.67M31.67%
2014-12-31$47.59M51.56%
2013-12-31$31.40M36.70%
2012-12-31$22.97M29.06%
2011-12-31$17.80M51.75%
2010-12-31$11.73M-65.92%
2001-12-31$34.42M-

NanoString generated $127.26M in revenue during NA 2022, up -12.28% compared to the previous quarter, and up 110.75% compared to the same period a year ago.

NanoString Revenue by Quarter

DateRevenueChange
2023-09-30$48.09M8.90%
2023-06-30$44.16M23.33%
2023-03-31$35.80M4.02%
2022-12-31$34.42M16.52%
2022-09-30$29.54M-8.31%
2022-06-30$32.22M3.66%
2022-03-31$31.08M-26.79%
2021-12-31$42.45M14.28%
2021-09-30$37.15M9.71%
2021-06-30$33.86M7.10%
2021-03-31$31.62M-12.81%
2020-12-31$36.26M13.87%
2020-09-30$31.84M40.88%
2020-06-30$22.60M-15.04%
2020-03-31$26.61M-27.96%
2019-12-31$36.93M20.67%
2019-09-30$30.60M0.85%
2019-06-30$30.34M9.60%
2019-03-31$27.69M-7.81%
2018-12-31$30.03M4.95%
2018-09-30$28.62M14.47%
2018-06-30$25.00M8.29%
2018-03-31$23.09M-34.48%
2017-12-31$35.23M30.42%
2017-09-30$27.02M-21.90%
2017-06-30$34.59M91.51%
2017-03-31$18.06M-28.41%
2016-12-31$25.23M5.43%
2016-09-30$23.93M5.77%
2016-06-30$22.63M53.96%
2016-03-31$14.70M-34.14%
2015-12-31$22.32M42.20%
2015-09-30$15.69M20.11%
2015-06-30$13.07M12.71%
2015-03-31$11.59M-25.77%
2014-12-31$15.62M26.53%
2014-09-30$12.34M13.44%
2014-06-30$10.88M24.34%
2014-03-31$8.75M-13.53%
2013-12-31$10.12M20.63%
2013-09-30$8.39M16.22%
2013-06-30$7.22M27.17%
2013-03-31$5.68M-12.58%
2012-12-31$6.49M7.59%
2012-09-30$6.04M1.55%
2012-06-30$5.94M32.01%
2012-03-31$4.50M-

NanoString generated $48.09M in revenue during Q3 2023, up 8.90% compared to the previous quarter, and up 149.26% compared to the same period a year ago.

NanoString Revenue Breakdown


NanoString Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 22Dec 21Dec 19Dec 18
Service$15.27M$14.64M--
Product$50.20M$53.67M--
Total Products And Services--$5.70M$6.30M

NanoString's latest annual revenue breakdown by segment (product or service), as of Dec 22: Product (76.68%), and Service (23.32%).

Quarterly Revenue by Product

Product/ServiceSep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Sep 21Jun 21Mar 21Sep 20Jun 20Mar 20Sep 19Jun 19Mar 19Sep 18Jun 18Mar 18
Product, Consumables$18.30M------------------
Product, Instruments$23.61M------------------
Service$6.18M$5.27M$4.66M$4.51M$3.56M$3.89M$3.31M------------
Product-$38.89M$31.15M$16.61M$10.16M$11.96M$11.47M------------
Total Products And Services-------$9.90M$9.80M$9.60M$7.70M$7.50M$7.10M$5.70M$7.10M$7.00M$6.00M$5.10M$6.00M

NanoString's latest quarterly revenue breakdown by segment (product or service), as of Sep 23: Product, Instruments (49.09%), Product, Consumables (38.05%), and Service (12.86%).

NanoString Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 22Dec 21Dec 20Dec 19Dec 18
Asia Pacific$1.09M$1.03M$980.00K$791.00K$465.00K
Americas$13.40M$11.34M$8.98M$7.72M$6.23M
EMEA$4.81M$4.12M$3.56M--
Europe And Middle East---$3.12M$2.10M

NanoString's latest annual revenue breakdown by geography, as of Dec 22: Americas (69.43%), EMEA (24.92%), and Asia Pacific (5.65%).

Quarterly Revenue by Country

CountrySep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Sep 18
Americas$31.14M$3.62M$3.25M$3.36M$3.18M$3.05M$3.21M$2.96M$2.50M$2.68M$2.65M$2.37M$1.92M$2.04M$1.76M$2.00M$2.17M$1.79M$1.58M-
Asia Pacific$6.07M$375.00K$391.00K$240.00K$205.00K$223.00K$260.00K$295.00K$248.00K$232.00K$234.00K$320.00K$175.00K$250.00K$219.00K$214.00K$193.00K$164.00K$114.00K-
Europe And Middle East$10.87M$1.28M$1.02M$1.26M$1.23M$998.00K$1.15M$1.09M$772.00K$874.00K$878.00K$874.00K$985.00K$841.00K$682.00K$614.00K$641.00K---
UNITED STATES-$28.50M$55.60M-----------------

NanoString's latest quarterly revenue breakdown by geography, as of Sep 23: Americas (64.77%), Europe And Middle East (22.61%), and Asia Pacific (12.62%).

NanoString Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
TXG10x Genomics$618.73M$153.10M
VCYTVeracyte$361.05M$96.84M
NSTGNanoString$127.26M$48.09M
MCRBSeres Therapeutics$126.33M-
SYRSSyros Pharmaceuticals$9.94M-
IOVAIovance Biotherapeutics$1.19M$31.11M

NSTG Revenue FAQ


NanoString's yearly revenue for 2022 was $127.26M, representing a decrease of -12.28% compared to 2021. The company's yearly revenue for 2021 was $145.08M, representing an increase of 23.67% compared to 2020. NSTG's yearly revenue for 2020 was $117.32M, representing a decrease of -6.57% compared to 2019.

NanoString's quarterly revenue for Q3 2023 was $48.09M, a 8.90% increase from the previous quarter (Q2 2023), and a 62.79% increase year-over-year (Q3 2022). The company's quarterly revenue for Q2 2023 was $44.16M, a 23.33% increase from the previous quarter (Q1 2023), and a 37.05% increase year-over-year (Q2 2022). NSTG's quarterly revenue for Q1 2023 was $35.8M, a 4.02% increase from the previous quarter (Q4 2022), and a 15.20% increase year-over-year (Q1 2022).

NanoString's revenue growth rate for the last 3 years (2020-2022) was 8.48%, and for the last 5 years (2018-2022) was 19.24%.

NanoString's revenue streams in c 22 are Service, and Product. Service generated $15.27M in revenue, accounting 23.32% of the company's total revenue, up 4.34% year-over-year. Product generated $50.2M in revenue, accounting 76.68% of the company's total revenue, down -6.45% year-over-year.

For the fiscal year ending Dec 22, the largest source of revenue of NanoString was Product. This segment made a revenue of $50.2M, representing 76.68% of the company's total revenue.