---
schema_version: "secwatch.filing_event.v1"
accession: "0001401708-22-000152"
form_type: "8-K"
ticker: null
cik: "0001401708"
company_name: "NS Wind Down Co., Inc."
filed_at: "2022-11-07T23:59:59+00:00"
generated_at: "2026-06-22T05:07:20.572896+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NanoString Q3 revenue $29.5M, down 21% YoY; cuts 2022 guidance, lays off 10% of workforce

## Summary
- Product and service revenue of $29.5M in Q3, down 21% YoY from $36.9M; total revenue $29.5M vs $37.2M.
- GAAP net loss $36.7M ($27.8M adjusted); adjusted EBITDA loss $26.1M vs $19.7M prior year.
- Reduced 2022 revenue guidance to $125-127M (prior $140-150M); adj. EBITDA loss now ~$100M vs prior $75-85M.
- Secured orders for ~60 spatial systems (40 CosMx, 20 GeoMx); CosMx cumulative orders exceed 100.
- Committed to 10% global workforce reduction; expects $3-4M severance costs in Q4, completion by Dec 31.

## SEC filing metadata
- accession: 0001401708-22-000152
- form_type: 8-K
- cik: 0001401708
- company_name: NS Wind Down Co., Inc.
- filed_at: 2022-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1401708/000140170822000152/0001401708-22-000152-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401708/000140170822000152/nstg-20221104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001401708-22-000152
- JSON: https://secwatch.observer/filing/0001401708-22-000152.json
- Plain text: https://secwatch.observer/filing/0001401708-22-000152.txt

## Key facts
- Earnings Releases
  NS Wind Down Co., Inc. reported 2022 results: revenue $125 to $127 million. Guidance lowered.
  - Period: 2022
  - Revenue: $125 to $127 million
  - Guidance: lowered
  - Result: guidance update
  source text: Total product and service revenue of $125 to $127 million, as compared to previous guidance of $140 to $150 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401708/000140170822000152/0001401708-22-000152-index.htm
- Earnings Releases
  NS Wind Down Co., Inc. reported financial results for third quarter ended September 30, 2022.
  - Period: third quarter ended September 30, 2022
  - Result: reported results
  source text: On November 7, 2022, NanoString Technologies, Inc. (the “Company”) issued a press release reporting its financial results for the fiscal quarter ended September 30, 2022. A copy of the press release is furnished herewith as Exhibit 99.1.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401708/000140170822000152/0001401708-22-000152-index.htm
- Restructurings & Charges
  NS Wind Down Co., Inc. announced a restructuring with charges of between approximately $3.0 million and $4.0 million affecting global workforce (approximately 10% of the Company's global workforce).
  - Type: restructuring
  - Charge: between approximately $3.0 million and $4.0 million
  - Affected area: global workforce
  - Headcount: approximately 10% of the Company's global workforce
  source text: create a more streamlined organization to support its business. In connection with the reduction in force, the Company currently estimates it will incur between approximately $3.0 million and $4.0 million of costs, consisting primarily of cash severance costs, which the Company expects to recognize in the fourth quarter of 2022. The Company expects to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401708/000140170822000152/0001401708-22-000152-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.