Financial Performance - Total revenue for Q3 2025 was $7.4 million, a 21% increase from $6.1 million in Q3 2024[5] - Total revenue for Q3 2025 was $7,367,000, a 21.3% increase from $6,073,000 in Q3 2024[20] - Product revenue increased to $6,934,000 in Q3 2025 from $6,021,000 in Q3 2024, representing a 15.2% growth[20] - Net loss for Q3 2025 was $8,503,000, compared to a net loss of $44,246,000 in Q3 2024, indicating a significant reduction in losses[20] Revenue Guidance - Full year 2025 revenue guidance is reiterated in the range of $26.0 to $30.0 million[7] - Q4 2025 revenue is expected to be between $7.5 and $7.9 million[7] Cost Management - Operating expenses were reduced by 66% to $11.9 million, with non-GAAP operating expenses down 40% to $9.7 million[5] - Research and development expenses for Q3 2025 were $2,844,000, down from $4,717,000 in Q3 2024, reflecting a 39.7% decrease[20] - Selling, general and administrative expenses were $9,064,000 in Q3 2025, slightly lower than $9,464,000 in Q3 2024[20] Profitability Metrics - Gross margin improved to 46%, up from (139)% in Q3 2024, with non-GAAP gross margin also at 46% compared to 26% in the prior year[5] - GAAP gross margin for Q3 2025 improved to 46% from a negative 139% in Q3 2024[22] - Non-GAAP gross profit for Q3 2025 was $3,401,000, compared to $1,597,000 in Q3 2024, showing a substantial improvement[22] Cash and Assets - The company ended Q3 2025 with cash and equivalents totaling $31.8 million[5] - Total current assets increased to $48,800,000 as of September 30, 2025, up from $39,489,000 as of December 31, 2024[18] - Total stockholders' equity increased to $49,799,000 as of September 30, 2025, up from $35,375,000 as of December 31, 2024[18] Product and Installation Metrics - Consumables and software revenues increased by 15% compared to the prior year[5] - The company sold 8,390 nanochannel array flowcells in Q3 2025, a 7% increase from 7,835 in Q3 2024[5] - Installed base of OGM systems reached 384, representing a 4% increase from 368 systems at the end of Q3 2024[5] - New OGM system installations are anticipated to exceed 25 for the full year 2025, up from previous expectations of 20 to 25[7] Liabilities - Total liabilities decreased to $29,263,000 as of September 30, 2025, down from $41,295,000 as of December 31, 2024[18]

Core Insights - Bionano Genomics reported a total revenue of $7.4 million for Q3 2025, marking a 21% increase from $6.1 million in Q3 2024, despite a prior year write-down of $0.5 million in clinical services revenue [5][20] - The company has shifted its business model to focus on consumables and software utilization, which has led to improved margins and reduced operating expenses [2][5] - Bionano's gross margin for Q3 2025 was 46%, a significant recovery from (139)% in Q3 2024, indicating a positive trend in financial performance [5][20] Financial Performance - Total revenue for Q3 2025 was $7.4 million, up 21% from $6.1 million in Q3 2024 [5] - Consumables and software revenues increased by 15% year-over-year [5] - Operating expenses were reduced by 66% to $11.9 million, and non-GAAP operating expenses decreased by 40% to $9.7 million [5][20] - The company ended Q3 2025 with cash and equivalents totaling $31.8 million [5] Business Highlights - Bionano sold 8,390 nanochannel array flowcells in Q3 2025, a 7% increase from 7,835 flowcells sold in Q3 2024 [5] - The installed base of optical genome mapping (OGM) systems reached 384, a 4% increase from 368 systems at the end of Q3 2024 [5] - The company completed a public offering in September 2025, raising $10 million in gross proceeds [6] Market Outlook - Bionano anticipates Q4 2025 revenue in the range of $7.5 to $7.9 million and full-year revenue between $26.0 to $30.0 million [11] - The company expects to install over 25 new OGM systems in 2025, exceeding previous expectations of 20 to 25 installations [11]

Core Insights - Bionano Genomics announced a study demonstrating that optical genome mapping (OGM) can effectively address limitations of targeted RNA-sequencing (RNA-seq) in detecting gene rearrangements in acute leukemias [1][4][5] Summary of Findings - The study published by The University of Texas MD Anderson Cancer Center indicates that OGM can identify a higher proportion of clinically significant structural variants (SVs) compared to a 108-gene targeted RNA-seq panel [4][5] - A total of 234 gene rearrangements or fusions were detected by OGM and/or RNA-seq across 206 subjects, representing 43.6% of a cohort of 467 acute leukemia research subjects [8] - OGM uniquely identified 37 events (15.8%), while RNA-seq uniquely identified 22 events (9.4%), highlighting the complementary nature of both technologies [8] - RNA-seq detected only 20.6% of the enhancer-hijacking events identified by OGM, emphasizing the importance of OGM in detecting critical gene rearrangements [8] Company Overview - Bionano Genomics provides genome analysis solutions aimed at transforming the understanding of the genome through OGM, diagnostic services, and software [6] - The company offers OGM solutions applicable across various research domains, along with a platform-agnostic genome analysis software and nucleic acid extraction solutions [6]

SAN DIEGO, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Bionano Genomics, Inc. (Nasdaq: BNGO) today announced that it will host a conference call and live webcast on Thursday, November 13, 2025, at 4:30 p.m. Eastern Time to report financial results for the third quarter 2025 and to highlight recent corporate progress. Conference Call & Webcast Details Date:Thursday, November 13th, 2025Time:4:30 p.m. ETParticipant Link:Registration – Click hereWebcast Link:https://edge.media-server.com/mmc/p/4jh5a49o Participants may a ...

Core Insights - Bionano Genomics showcased the expanding role of optical genome mapping (OGM) in genetic disease research at the ASHG conference, emphasizing its effectiveness in detecting structural variants (SVs) related to various genetic conditions [1][2][3] Group 1: Event Participation - Bionano Genomics participated in the ASHG conference held from October 14–18, 2025, in Boston, highlighting the potential of OGM in genetic research [1] - The conference featured nine studies that demonstrated OGM's ability to detect novel SVs that traditional techniques may miss, underscoring its value in complex genetic conditions [2] Group 2: Scientific Contributions - Presentations included studies on OGM's application in various conditions, such as Duchenne Muscular Dystrophy and facioscapulohumeral muscular dystrophy (FSHD), showcasing its unique capabilities [6] - The studies presented at ASHG 2025 illustrate OGM's potential to provide deeper insights into complex genetic conditions, reinforcing its transformative role in genetic research [3] Group 3: Company Mission and Offerings - Bionano aims to transform genome analysis through OGM solutions, diagnostic services, and software, catering to basic, translational, and clinical research applications [5] - The company also provides OGM-based diagnostic testing services through its subsidiary, Lineagen, Inc. [7]

Summary of Bionano Genomics Conference Call (October 15, 2025) Company Overview - **Company**: Bionano Genomics (NasdaqCM: BNGO) - **Industry**: Optical Genome Mapping (OGM) technology Key Points and Arguments OGM Technology - **Definition**: OGM is a workflow that allows clinical researchers to analyze DNA for diseases such as hematologic malignancies and genetic disorders, as well as in pharmaceutical drug development [2][3] - **Differentiation**: OGM analyzes ultra high molecular weight DNA segments (hundreds of thousands of base pairs) compared to traditional sequencing methods that analyze shorter segments (hundreds of base pairs) [4][8] - **Applications**: OGM is used for detecting large structural variations in DNA, which are critical in cancer research and genetic disease analysis [10][21] Market and Customer Base - **Target Customers**: Primarily cytogenetic laboratories within pathology departments, as well as molecular pathology departments [15][16] - **Existing Customers**: Includes major cancer centers like MD Anderson and Memorial Sloan Kettering, with an estimated 2,500 labs in the U.S. and Western Europe processing around 1 million samples annually [19][20] - **Market Potential**: The total addressable market includes an additional 7,500 laboratories globally that could adopt OGM in the future [52] Instruments and Software - **Instruments**: Two main systems, Saphyr and Stratus, with Stratus designed for higher throughput (up to 10,000 samples per year) compared to Saphyr (2,500 samples per year) [28][30] - **Software**: The Via software is used for analyzing and reporting variants from OGM and other genomic data, with a significant revenue stream from software sales [35][38] Financial Performance - **Revenue Breakdown**: Instruments and consumables generated approximately $5.5 million, while services and software contributed around $1.6 million [80] - **Revenue Guidance**: Expected revenue for 2025 is between $26 million and $30 million, with a focus on increasing utilization among existing customers [86][88] Competitive Landscape - **Market Position**: Bionano is the only company providing OGM technology, with a strong intellectual property portfolio protecting against competitors [78][79] - **Software Competition**: While there are other software platforms, Via is recognized as a leading tool for analyzing structural variations [41] Challenges and Barriers - **Adoption Barriers**: Initial skepticism regarding OGM's effectiveness has been addressed through numerous publications demonstrating its utility [66][67] - **CPT Codes**: The establishment of CPT codes for hematologic malignancies and constitutional genetic disorders has removed a significant barrier to adoption [69][70] Future Outlook - **Growth Strategy**: Focus on increasing utilization in existing labs rather than aggressive new customer acquisition, aiming for double-digit growth in consumables [86][88] - **Regulatory Environment**: Positive developments regarding FDA regulations and the absence of significant regulatory hurdles for laboratory-developed tests [76][77] Stock Performance - **Recent Challenges**: The company faced stock price contraction due to industry-wide issues and a reverse stock split, but recent financing has provided a runway for future growth [90][91] Additional Important Information - **Automation Solutions**: Bionano is working on automating the DNA isolation step to increase throughput in labs [72][73] - **Guidelines and Recommendations**: Efforts are underway to have OGM included in clinical guidelines, which would further drive adoption [74]

Core Insights - Bionano Genomics, Inc. will have its CEO, Erik Holmlin, participate in the H.C. Wainwright @ Home Event on October 15, 2025 [1][2] Company Overview - Bionano Genomics provides genome analysis solutions aimed at helping researchers and clinicians address complex biological and medical questions [3] - The company's mission is to revolutionize genome visualization through optical genome mapping (OGM) solutions, diagnostic services, and software [3] - Bionano offers OGM solutions applicable in basic, translational, and clinical research, along with a leading platform-agnostic genome analysis software and nucleic acid extraction solutions using proprietary isotachophoresis (ITP) technology [3] - Through its subsidiary, Lineagen, Inc. d/b/a Bionano Laboratories, the company provides OGM-based diagnostic testing services [3]

Group 1 - Bionano Genomics, Inc. has launched a public offering of 5 million shares at a price of $2.00 per share, aiming to generate $10 million in gross proceeds, with potential additional funds of $20 million if warrants are fully exercised [1][2] - The funds from the offering are intended to support general corporate needs and will provide a solid foundation for the company's expansion into clinical and anatomic pathology [2][3] - The company is focusing on enhancing utilization among routine users, strengthening its installed base, accelerating adoption of its VIA software, and developing reimbursement support for its optical genome mapping (OGM) technology [3][4] Group 2 - Bionano Genomics, Inc. is based in San Diego, California, and specializes in genome analysis solutions, aiming to transform the understanding of the genome since its founding in 2003 [4]

Market Overview - U.S. stocks traded mostly higher, with the Nasdaq Composite gaining over 100 points on Thursday [1] - The Dow decreased by 0.04% to 46,000.59, while the NASDAQ rose by 0.49% to 22,370.12 and the S&P 500 increased by 0.29% to 6,619.34 [1] Sector Performance - Information technology shares increased by 0.8% on Thursday [1] - Materials stocks fell by 0.7% [2] Economic Indicators - U.S. initial jobless claims declined by 33,000 to 231,000 in the second week of September, better than market estimates of 240,000 [3][9] - The Philadelphia Fed Manufacturing Index rose to +23.2 in September, the highest level since January, compared to -0.3 in August [11] Commodity Prices - Oil prices increased by 0.5% to $64.37, while gold decreased by 0.4% to $3,701.70 [6] - Silver fell by 0.1% to $42.110 and copper dropped by 0.5% to $4.6135 [6] International Markets - European shares were higher, with the eurozone's STOXX 600 rising by 0.8% [7] - Asian markets closed mixed, with Japan's Nikkei gaining 1.15% and Hong Kong's Hang Seng falling by 1.35% [8] Company News - 89bio, Inc. shares surged 85% to $14.97 after announcing an acquisition agreement with Roche [10] - Aeries Technology, Inc. shares also rose 85% to $1.0500 following a partnership announcement with an annual contract value of up to $8 million [10] - Aptevo Therapeutics Inc. shares increased by 57% to $2.2201 after breakthrough clinical results [10] - Replimune Group, Inc. shares dropped by 40% to $3.4288 as the company evaluates FDA feedback [10] - BioCardia, Inc. shares fell by 34% to $1.02 after announcing a public offering and trial results [10] - Office Properties Income Trust shares decreased by 28% to $0.4066 [10]

Core Viewpoint - Bionano Genomics, Inc. has successfully closed a public offering, raising approximately $10 million, with potential additional proceeds of around $20 million from Series Warrants if fully exercised [1][3]. Group 1: Offering Details - The public offering consisted of 5,000,000 shares of common stock and Series E and Series F warrants, all priced at $2.00 per share [1]. - The Series E warrants will expire five years after issuance, while the Series F warrants will expire eighteen months after issuance [1]. - H.C. Wainwright & Co. served as the exclusive placement agent for the offering [2]. Group 2: Financial Implications - The gross proceeds from the offering were approximately $10 million before deducting fees and expenses [3]. - If the Series Warrants are fully exercised, the potential additional gross proceeds could reach approximately $20 million [3]. - The net proceeds from the offering are intended for working capital and general corporate purposes [3]. Group 3: Company Overview - Bionano Genomics provides genome analysis solutions aimed at enhancing research and clinical applications [6]. - The company focuses on optical genome mapping (OGM) solutions and offers diagnostic services and software [6]. - Bionano's mission is to transform genome analysis through innovative technologies, including proprietary isotachophoresis (ITP) [6].