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Bionano Genomics, Inc. is a provider of genome analysis solutions that can enable researchers and clinicians to reveal answers to challenging questions in biology and medicine. The Company offers optical genome mapping (OGM) solutions for applications across basic, translational and clinical research. It also offers a platform-agnostic software solution, which integrates sequencing and microarray data designed to provide analysis, visualization, interpretation and reporting of copy number variants, single-nucleotide variants, and absence of heterozygosity across the genome in one consolidated view. The Company additionally offers nucleic acid extraction and purification solutions using proprietary isotachophoresis (ITP) technology. The Company markets and sells OGM systems, including the Saphyr system, which delivers OGM data to enable ultra-sensitive and ultra-specific detection of all classes of structural variation (SV).
Find out what a historical investment in BioNano Genomics Inc would be worth today using our BNGO stock calculator.
Market Capitalisation
$13.98M
Price-earnings ratio
-
Dividend yield
0.00%
Volume
360.15K
High today
$1.33
Low today
$1.24
Open price
$1.27
52-week high
$5.50
52-week low
$1.06
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Open an accountPut on your lab coat – this will get sciencey. Bionano Genomics is a global leader in the provision of optical genome mapping (OGM) solutions for genome analysis.
The company earns most of its revenue through sales of Saphyr, its genome mapping system, chip consumables, reagents and a suite of data analysis tools.
According to Bionano Genomics, Saphyr allows researchers and clinicians “to accelerate the search for new diagnostics and therapeutic targets and to streamline the identification of structural changes in chromosomes, known as cytogenetics.”
Through their subsidiary, Lineagen, Bionano Genomics also runs diagnostic genetic testing for pediatric patients suspected of neurodevelopmental disabilities, in particular children.
The company was founded in 2003 by former Chief Scientific Officer and CEO, Han Cao. Bionano Genomics is currently headquartered in San Diego, California and run by CEO Erik Holmlin.
Bionano Genomics creates products and services that facilitate OGM and genome analysis.
CRISPR Therapeutics (CRSP) is focused on “transformative gene-based medicines for serious human diseases” using their very own gene-editing platform CRISPR-Cas9. Co-invented by the company’s founder, Dr. Emmanuelle Charpentier, CRISPR-Cas9 is used to treat blood disorders, cancers, diabetes and other diseases.
BNGO is a healthcare stock. The company sits in the instruments manufacturing industry and focuses on OGM and genome analysis.
Bionano Genomics is currently unprofitable.
In fact, the company’s operating income has gone deeper into the red over the past 3 years from minus US$26m in FY2019 to minus US$39m in FY2020 to minus US$77m in FY2021.
At the end of FY2021, Bionano Genomics’ free cash flow sat at minus US$73m.
Overall market sentiment on BNGO is mixed.
Despite the decline in Bionano Genomics’ income, some investors are still bullish on the stock citing the Saphyr system as a true game changer in OGM and genome analysis.
Other investors see the consistent decline in operating income as a sign to sell. The BNGO share price has fallen 82% from over US$9.5 to a touch over US$1.5 over the past 12 months.
As of 28th February 2022, Bionano Genomics’ short interest totaled 13.33% of all shares. This is up 0.55% from the previous month’s short interest.
This is not financial product advice nor a recommendation to invest in the securities listed. Past performance is not a reliable indicator of future performance. As always, do your own research and consider seeking financial, legal and taxation advice before investing. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.

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