NanoString Technologies Inc (NSTG) shares surged by over 10% following the disclosure of its Q3 FY23 preliminary results and a reorganization plan aimed at accelerating profitability. The company reported a 63% Y/Y revenue growth to over $48 million, surpassing the consensus of $46.26 million. The company also plans to reorganize its R&D and manufacturing departments, which includes cutting about 110 positions and reducing expenses by over $15 million annually.