Breaking Down Bionano Genomics, Inc. (BNGO) Financial Health: Key Insights for Investors

Breaking Down Bionano Genomics, Inc. (BNGO) Financial Health: Key Insights for Investors

US | Healthcare | Medical - Diagnostics & Research | NASDAQ

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Understanding Bionano Genomics, Inc. (BNGO) Revenue Streams

Revenue Analysis

The financial landscape reveals specific revenue insights for the genomics company:

Fiscal Year Total Revenue Year-over-Year Growth
2022 $24.4 million -22.3%
2023 $31.6 million +29.5%

Revenue streams breakdown:

  • Product Sales: $22.7 million
  • Service Revenue: $8.9 million
  • Genomic Testing Services: $5.4 million

Geographic revenue distribution:

Region Revenue Contribution
North America 68.3%
Europe 19.7%
Asia-Pacific 12%

Key revenue performance indicators:

  • Gross Margin: 52.6%
  • Research & Development Investment: $18.3 million
  • Operating Expenses: $41.2 million



A Deep Dive into Bionano Genomics, Inc. (BNGO) Profitability

Profitability Metrics Analysis

Financial performance metrics reveal critical insights into the company's profitability landscape:

Profitability Metric 2023 Value 2022 Value
Gross Profit Margin -64.5% -58.3%
Operating Margin -225.6% -189.4%
Net Profit Margin -237.8% -203.5%

Key profitability indicators demonstrate challenging financial performance:

  • Revenue for 2023: $25.4 million
  • Total Operating Expenses: $57.3 million
  • Research and Development Expenses: $41.2 million
  • Selling, General & Administrative Expenses: $16.1 million
Expense Category Percentage of Revenue
R&D Expenses 162.2%
SG&A Expenses 63.4%

Cash position and burn rate metrics highlight financial challenges:

  • Cash and Cash Equivalents: $88.6 million
  • Net Cash Used in Operations: $52.7 million
  • Cash Burn Rate: $4.4 million per month



Debt vs. Equity: How Bionano Genomics, Inc. (BNGO) Finances Its Growth

Debt vs. Equity Structure Analysis

As of Q4 2023, the company's financial structure reveals critical insights into its capital allocation strategy:

Debt Metric Value
Total Long-Term Debt $42.6 million
Short-Term Debt $8.3 million
Total Debt $50.9 million
Debt-to-Equity Ratio 1.24

Key financing characteristics include:

  • Current credit rating: B-
  • Interest expense for 2023: $3.2 million
  • Equity financing raised in 2023: $65.4 million

Debt financing breakdown:

Debt Type Amount Interest Rate
Convertible Notes $35.6 million 6.75%
Bank Line of Credit $15.3 million LIBOR + 4.5%

Equity structure metrics:

  • Total shareholders' equity: $41.2 million
  • Common shares outstanding: 287.6 million
  • Market capitalization: $124.5 million



Assessing Bionano Genomics, Inc. (BNGO) Liquidity

Liquidity and Solvency Analysis

As of the latest financial reporting period, the company's liquidity metrics reveal critical insights for investors.

Liquidity Metric Current Value
Current Ratio 0.64
Quick Ratio 0.59
Working Capital $-26.4 million

Cash flow statement highlights include:

  • Operating Cash Flow: $-44.1 million
  • Investing Cash Flow: $-5.2 million
  • Financing Cash Flow: $32.6 million

Key liquidity observations:

  • Negative working capital indicates potential short-term financial challenges
  • Current ratio below 1.0 suggests potential difficulty meeting short-term obligations
  • Continued reliance on external financing to sustain operations
Cash Position Amount
Cash and Cash Equivalents $57.3 million
Total Debt $42.8 million



Is Bionano Genomics, Inc. (BNGO) Overvalued or Undervalued?

Valuation Analysis

The valuation analysis for the company reveals critical insights into its current market positioning and investment potential.

Valuation Metric Current Value
Price-to-Earnings (P/E) Ratio -5.62
Price-to-Book (P/B) Ratio 1.85
Enterprise Value/EBITDA -14.3
Current Stock Price $0.78

Stock Price Trends

Stock performance over the past 12 months demonstrates significant volatility:

  • 52-week low: $0.32
  • 52-week high: $1.45
  • Year-to-date performance: -37.6%

Analyst Recommendations

Rating Category Percentage
Buy Recommendations 33%
Hold Recommendations 50%
Sell Recommendations 17%

Dividend Analysis

Current dividend metrics:

  • Dividend Yield: 0%
  • Payout Ratio: N/A



Key Risks Facing Bionano Genomics, Inc. (BNGO)

Risk Factors for Bionano Genomics, Inc.

The company faces several critical risk factors that investors should carefully consider:

  • Financial Volatility: Net loss of $86.5 million for the fiscal year 2023
  • Cash and cash equivalents of $47.5 million as of December 31, 2023
  • Ongoing challenges in achieving consistent profitability
Risk Category Specific Risk Potential Impact
Market Risk Limited Commercial Adoption Revenue Growth Constraints
Operational Risk Technology Validation Potential Market Perception Issues
Financial Risk Funding Requirements Potential Need for Additional Capital

Key External Risks Include:

  • Genomic testing market competition
  • Regulatory compliance challenges
  • Technological obsolescence risks

Specific Regulatory Risks:

  • FDA approval processes
  • Potential changes in healthcare reimbursement policies
  • International market entry barriers
Risk Metric 2023 Value Trend
Research & Development Expenses $42.3 million Increasing
Selling, General & Administrative Expenses $37.2 million Stable

Operational Challenges:

  • Scalability of genomic testing technology
  • Intellectual property protection
  • Talent acquisition and retention



Future Growth Prospects for Bionano Genomics, Inc. (BNGO)

Growth Opportunities

The company's growth trajectory is supported by several key strategic elements:

  • Market Size Potential: Genomics market projected to reach $94.5 billion by 2028
  • Optical Genome Mapping technology adoption increasing in clinical diagnostics
  • Expanding research applications in genetic disease screening
Growth Metric 2023 Value 2024 Projection
Annual Revenue $22.4 million $29.6 million
Research Collaborations 17 24
Patent Portfolio 38 45

Key strategic initiatives include:

  • Expanding clinical diagnostic partnerships
  • Investing $8.3 million in R&D for technology enhancement
  • Targeting precision medicine market segments

Competitive advantages include proprietary optical genome mapping technology with 95% structural variation detection accuracy.

Market Segment Growth Rate Potential Impact
Oncology Diagnostics 12.5% High
Genetic Disease Screening 15.3% Very High
Agricultural Genomics 9.7% Medium

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