10x Genomics reported strong second-quarter results, with revenue reaching $115.8 million, a 170% increase year-over-year. The company launched Chromium X and began shipping Visium Spatial Gene Expression for FFPE, and settled litigation with Bio-Rad Laboratories, Inc.
Revenue was $115.8 million for the second quarter, representing a 170% increase over the corresponding period of 2020 and a 9% increase compared to the first quarter of 2021.
Launched Chromium X, a next-generation instrument and platform for single cell analysis enabling million cell experiments and accelerating discoveries.
Began shipping Visium Spatial Gene Expression for FFPE, a new assay that gives researchers access to whole transcriptome spatial profiling of preserved tissue blocks.
Entered into a global settlement and cross-license agreement with Bio-Rad Laboratories, Inc. resolving all outstanding litigation.
10x Genomics is maintaining its previously announced full year 2021 revenue guidance of $480 million to $500 million, representing 61% to 67% growth over full year 2020 revenue.
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