Nanosphere Announces Fourth Quarter and Full Year 2011 Results
Cash flow in the fourth quarter and third quarter of 2011 was negative $7.6 million. Cash at December 31, 2011 was $39.3 million.
There are approximately 37,800,000 NSPH shares. Cash per share is ~$1.04.
"We shipped 30 systems to new customers during the fourth quarter demonstrating an inflection point has been reached in our business. The investments we have made in menu expansion, particularly in the microbiology market segment, have generated significant customer interest and demand." -- William Moffitt, Nanosphere's president/CEO
"Inflection point" means 02012 is an important year for Nanosphere.
On 02012.02.03 (i.e. two weeks ago), NSPH hit an intra-day high of $2.13. Yesterday (02012.02.15) it closed at $1.79. 52-week range: $0.89 - $3.89
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