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NanoString Technologies Releases Operating Results for First Quarter of 2021 = investors.nanostring.com/news/news-details/2021/NanoString-Technologies-Releases-Operating-Results-for First - Quarter - of - 2021 / default.aspx May 10 , 2021 SEATTLE -- ( BUSINESS WIRE ) -- NanoString Technologies , Inc. ( NASDAQ : NSTG ) , a leading provider of life science tools for discovery and translational research , today reported financial results for the first quarter ended March 31 , 2021 . First Quarter Financial Highlights • Product and service revenue of $ 31.4 million , 28 % year - over - year growth • Instrument revenue of $ 11.7 million , 19 % year - over - year growth . Instrument revenue includes $ 7.0 million of GeoMx® Digital Spatial Profiler ( DSP ) instrument revenue • Consumables revenue of $ 16.0 million , 39 % year - over - year growth . Consumables revenue includes $ 2.7 million GeoMx® DSP consumables revenue • Service revenue of $ 3.7 million , 17 % year - over - year growth • Cash , cash equivalents and short - term investments balance of $ 409.9 million " Spatial Biology is in a period of tremendous growth , revolutionizing research in fields from oncology to COVID - 19 . During Q1 , NanoString extended its lead in this exciting market , with strong demand for our GeoMx DSP , a record number of new peer - reviewed publications , and growing excitement generated by our Spatial Molecular Imager , " said Brad Gray , president and CEO of NanoString . " The launch of our GeoMx Whole Transcriptome Atlas is off to a great start , and is now driving more than 60 % of new projects in our GeoMx Technology Access Program . Meanwhile , our nCounter business showed continued durability , with steady demand for new instruments continuing more than a decade after the platform's introduction . " GeoMx DSP • GeoMx Installed Base : Grew installed baseto approximately 160 GeoMx® DSP Systems at March 31 , 2021 , as compared to approximately 55 at March 31 , 2020 • GeoMx Whole Transcriptome Atlas : Began commercial shipments of the GeoMx Whole Transcriptome Atlas in the first quarter • GeoMx Technology Access Program ( TAP ) : Generated approximately 95 new GeoMx TAP orders in the first quarter , of which over 60 % utilized the GeoMx Whole Transcriptome Atlas • GeoMx Publications : Increased cumulative peer - reviewed publications to47 as of March 31 , 2021 , with a record 12 new publications during the quarter 1/11