---
schema_version: "secwatch.filing_event.v1"
accession: "0001401708-23-000225"
form_type: "8-K"
ticker: null
cik: "0001401708"
company_name: "NS Wind Down Co., Inc."
filed_at: "2023-10-10T23:59:59+00:00"
generated_at: "2026-06-10T02:08:11.551872+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NanoString reports record Q3 revenue >$48M (+63% YoY); cuts 110 jobs (~20% workforce)

## Summary
- Q3 preliminary revenue over $48M, above guidance $45-47M and consensus ~$46M.
- Spatial biology revenue ~$29M, above guidance $27-28M; nCounter revenue ~$19M, at upper end.
- Reduction in force of ~110 positions (~20% workforce); expects ~$5M severance costs in Q4 2023.
- Cash burn reduced to ~$20M in Q3 vs ~$37M in Q2, with further improvement expected.
- Annualized expense savings of over $15M from reorganization of R&D and manufacturing.

## SEC filing metadata
- accession: 0001401708-23-000225
- form_type: 8-K
- cik: 0001401708
- company_name: NS Wind Down Co., Inc.
- filed_at: 2023-10-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1401708/000140170823000225/0001401708-23-000225-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401708/000140170823000225/nstg-20231006.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001401708-23-000225
- JSON: https://secwatch.observer/filing/0001401708-23-000225.json
- Plain text: https://secwatch.observer/filing/0001401708-23-000225.txt

## Key facts
- Earnings Releases
  NS Wind Down Co., Inc. reported the third quarter ended September 30, 2023 results: revenue over $48 million.
  - Period: the third quarter ended September 30, 2023
  - Revenue: over $48 million
  - Result: preliminary results
  source text: herewith as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- NanoString Provides Preliminary Financial and Operational Highlights for Third Quarter of 2023 - Record Q3 Revenue of Over $48 Million, 63% Year on Year Growth, Above Upper End of Q3 Guidance Range - - Implementing Reorganization of R&D and Manufacturing Operations to Improve Path to Profitability - SEATTLE -
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401708/000140170823000225/0001401708-23-000225-index.htm
- Restructurings & Charges
  NS Wind Down Co., Inc. announced a restructuring with charges of approximately $5 million affecting global workforce (approximately 110 positions, representing approximately 20% of the Company's global workforce).
  - Type: restructuring
  - Charge: approximately $5 million
  - Affected area: global workforce
  - Headcount: approximately 110 positions, representing approximately 20% of the Company's global workforce
  source text: costs and create a more streamlined organization to support its business. In connection with the reduction in force, the Company currently estimates it will incur approximately $5 million of costs, consisting primarily of cash severance costs and transition support services for impacted employees, which the Company expects to recognize in the fourth quarter of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401708/000140170823000225/0001401708-23-000225-index.htm

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