---
schema_version: "secwatch.filing_event.v1"
accession: "0001411690-24-000060"
form_type: "8-K"
ticker: "BNGO"
cik: "0001411690"
company_name: "Bionano Genomics, Inc."
filed_at: "2024-11-13T23:59:59+00:00"
generated_at: "2026-05-30T00:51:28.285739+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Bionano Q3 revenue $6.1M (-35% YoY); GAAP gross margin -139% on $9.8M impairment; cash burn down

## Summary
- Revenue $6.1M (-35% YoY); core product/software sales $6.6M offset by $0.5M receivable write-down from discontinued clinical services.
- GAAP gross margin (139)% vs 30% YoY due to $9.8M impairment/disposal of reagent rentals and inventory; non-GAAP margin 26%.
- GAAP operating expense $35.5M; non-GAAP $16.1M (-49% YoY). Cash, securities & restricted cash $23.4M as of Sept 30.
- Installed base 368 OGM systems (+22% YoY); 7,835 flowcells sold (+27% YoY). Raised $10M upfront from registered direct offering & warrants Q3, plus $3M post-Q3.
- Special meeting adjourned for lack of quorum; reconvenes Nov 27. CPT code for OGM in blood cancers expected 2025.

## SEC filing metadata
- accession: 0001411690-24-000060
- form_type: 8-K
- ticker: BNGO
- cik: 0001411690
- company_name: Bionano Genomics, Inc.
- filed_at: 2024-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1411690/000141169024000060/0001411690-24-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1411690/000141169024000060/bngo-20241113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001411690-24-000060
- JSON: https://secwatch.observer/filing/0001411690-24-000060.json
- Plain text: https://secwatch.observer/filing/0001411690-24-000060.txt

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