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5 BERKELEY LIGHTS Berkeley Lights Reports First Quarter 2021 Financial Results May 11 , 2021 Q1 2021 revenue increased 35 % year over year EMERYVILLE , Calif . , May 11 , 2021 ( GLOBE NEWSWIRE ) -- Berkeley Lights , Inc. ( Nasdaq : BLI ) , a leader in Digital Cell Biology , today reported financial results for the quarter ended March 31 , 2021 . Recent Highlights • Total revenue of $ 18.6 million for the first quarter of 2021 , representing 35 % growth year over year • Grew the installed base to 85 platforms during the first quarter of 2021 , with eight new direct placements and two existing platforms added upon the successful completion of a joint development and partnership program • Announced the launch of Opto Assure , the first of a series of assays that will provide yield and product quality data at an earlier stage in cell development • Appointed Greg Lucier as Chairperson and John Chiminski as an Independent Director to its Board of Directors " We started the year with strong platform placements , continued to expand opportunities in our core business and grew our total addressable market , " said Berkeley Lights Chief Executive Officer Eric Hobbs , Ph.D. " As we look ahead in 2021 , I continue to be excited about the opportunities in front of us and I am confident that we are well positioned to execute our strategy to transform the market for cell - based products this year and beyond . " First Quarter 2021 Financial Results ( in thousands , except per share data ) Revenue Gross profit Gross margin % Operating expenses Loss from operations Net loss and net comprehensive loss Net loss attributable to common stockholders per share , basic and diluted Total stock - based compensation 2021 Outlook $ Three Months Ended March 31 , 2021 2020 ( unaudited ) 18,628 12,451 67 % 27,600 ( 15,149 ) ( 15,435 ) ( 0.24 ) 4,494 $ ( unaudited ) 13,778 9,979 72 % 18,207 ( 8,228 ) ( 8,425 ) ( 3.02 ) 1,179 Berkeley Lights continues to expect full year 2021 revenue to be in the range of $ 90 million to $ 100 million , representing 40 % to 56 % growth over the full year of 2020 . Webcast and Conference Call Information Berkeley Lights will host a conference call to discuss the first quarter 2021 financial results before market open on Tuesday , May 11 , 2021 at 5:30 a.m. Pacific Time / 8 : 30 a.m. Eastern Time . A webcast of the conference call can be accessed at http://investors.berkeleylights.com . The webcast will be archived and available for replay for at least 90 days after the event . About Berkeley Lights Berkeley Lights is a leading Digital Cell Biology company focused on enabling and accelerating the rapid development and commercialization of biotherapeutics and other cell - based products for our customers . The Berkeley Lights Platform captures deep phenotypic , functional , and genotypic information for thousands of single cells in parallel and can also deliver the live biology customers desire in the form of the best cells . Our platform is a fully integrated , end - to - end solution , comprising proprietary consumables , including our OptoSelect chips and reagent kits , advanced automation systems , and application software . We developed the Berkeley Lights Platform to provide the most advanced environment for rapid functional characterization of single cells at scale , the goal of which is to establish an industry standard for our customers throughout their cell - based product value chain . Berkeley Lights ' Beacon and Lightning systems and Culture Station instrument are : FOR RESEARCH USE ONLY . Not for use in diagnostic procedures . Forward Looking Statements