T2 Biosystems Reiterates Guidance
Portfolio Pulse from Benzinga Newsdesk
T2 Biosystems has reiterated its financial outlook for 2024, expecting total sepsis product revenue to be between $10.0 million and $11.0 million. This forecast represents a significant growth of 49% to 64% compared to the $6.7 million revenue in 2023. The 2024 revenue guidance is solely based on sepsis product revenue, excluding potential sales from the T2Biothreat Panel or the T2Lyme Panel.
May 06, 2024 | 8:49 pm
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T2 Biosystems expects a significant revenue growth in 2024 for its sepsis products, projecting revenues of $10.0 to $11.0 million, a 49% to 64% increase from 2023.
The reiterated guidance by T2 Biosystems for 2024 indicates strong growth prospects for its sepsis product line. This positive outlook, highlighting a significant revenue increase, is likely to instill investor confidence and potentially lead to a positive short-term impact on TTOO's stock price. The focus on sepsis product revenue, excluding other potential sales, underscores the company's confidence in this segment's growth trajectory.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100