Nanostring Technologies Inc (NSTG) Gross Profit Margin starting from the third quarter 2023 to third quarter 2022, Profitability Trends and Ranking, Fundamental Ratios - CSIMarket
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Nanostring Technologies Inc   (NASDAQ: NSTG)


Nanostring Technologies Inc 's Gross Profit Margin by quarter

Trends, Rankings, Statistics



NSTG Gross Profit Margin (Sep 30 2023)
Q3
(Jun 30 2023)
Q2
(Mar 31 2023)
Q1
(Dec 31 2022)
Q4
(Sep 30 2022)
Q3
Y / Y Revenue Change 62.79 %
Seq. Revenue Change 8.9 %
Revenue In Millions $48.09
Gross Profit Margin 36.19 %
Gross Profit Margin Total Ranking # 2417
Gross Profit In Millions $17.40
Y / Y Gross Profit Change 10.02 %
Seq. Gross Profit Change 20.85 %


Commenting Third Quarter 2023 Gross Profit Margin
Nanostring Technologies Inc Gross Profit grew by 20.85 % in Q3 sequentially to 17 millions, while Revenue increased by 8.9 %, this led to improvement in the company's Gross Profit Margin to 36.19 %, Gross Profit Margin remained below Nanostring Technologies Inc average.


Observing third quarter 2023 results within Biotechnology & Pharmaceuticals industry 34 other companies have achieved higher Gross Profit Margin. While Gross Profit Margin total ranking has impoved so far to 2417, from total ranking in the previous quarter at 2672.
Learn about Gross Margin
NSTG's Gross Profit Margin third quarter 2023 Company Ranking
Within: No.
Biotechnology & Pharmaceuticals Industry # 35
Healthcare Sector # 411
Overall # 2383

Gross Profit Margin Statistics
High Average Low
72.96 % 54.63 % 29.16 %
(Sep 30 2017)   (Jun 30 2017)




Other Gross Profit Margin Profitability Ratios
NSTG's Cumulative Gross Profit Margin
Biotechnology & Pharmaceuticals Industry Gross Profit Margin Trends and Statistics
Healthcare Sector Gross Profit Margin Statistics
Gross Profit Margin Profitability Trends for overall market
NSTG's Gross Profit Margin Profitability versus Biotechnology & Pharmaceuticals Industry, Healthcare Sector and total Market
Highest Ranking Gross Profit Margin
Lowest Ranking Gross Profit Margin
Gross Profit Margin Profit Margin for NSTG's Competitors
Gross Profit Margin Profit Margin for Nanostring Technologies Inc 's Suppliers
Gross Profit Margin Profit Margin for NSTG's Customers

You may also want to know
NSTG's Annual Growth Rates NSTG's Profitability Ratios NSTG's Asset Turnover Ratio NSTG's Dividend Growth
NSTG's Roe NSTG's Valuation Ratios NSTG's Financial Strength Ratios NSTG's Gross Profit Growth
NSTG's Roa NSTG's Inventory Turnover Ratio NSTG's Growth Rates NSTG's Dividend Comparisons


Companies with similar Gross Profit Margin in the quarter ending Sep 30 2023, within Biotechnology & Pharmaceuticals Industry Gross Profit MarginSep 30 2023 MRQ Gross ProfitSep 30 2023 MRQ Revenue
Agenus Inc  98.75 %$ 24.011  Millions$ 24.314  Millions
Biocryst Pharmaceuticals Inc   98.73 %$ 85.643  Millions$ 86.742  Millions
Vir Biotechnology Inc   98.56 %$ 2.601  Millions$ 2.639  Millions
Ginkgo Bioworks Holdings Inc   98.37 %$ 54.524  Millions$ 55.430  Millions
Neurocrine Biosciences Inc   97.75 %$ 487.600  Millions$ 498.800  Millions
Eiger Biopharmaceuticals Inc   96.42 %$ 3.094  Millions$ 3.209  Millions
Exelixis Inc   96.02 %$ 453.146  Millions$ 471.920  Millions
Fennec Pharmaceuticals Inc   94.92 %$ 6.184  Millions$ 6.515  Millions
Zeo Scientifix Inc   90.65 %$ 1.289  Millions$ 1.422  Millions
Acorda Therapeutics Inc   87.78 %$ 24.328  Millions$ 27.715  Millions
Lineage Cell Therapeutics Inc   86.44 %$ 1.077  Millions$ 1.246  Millions
Tarsus Pharmaceuticals Inc   79.85 %$ 1.494  Millions$ 1.871  Millions
Gilead Sciences Inc   77.80 %$ 5,486.000  Millions$ 7,051.000  Millions
Halozyme Therapeutics Inc   74.62 %$ 161.210  Millions$ 216.033  Millions
Seagen Inc   74.52 %$ 483.396  Millions$ 648.650  Millions
Biogen Inc   73.93 %$ 1,870.700  Millions$ 2,530.300  Millions
Amgen Inc   73.84 %$ 5,097.000  Millions$ 6,903.000  Millions
Dyadic International Inc   73.34 %$ 0.291  Millions$ 0.397  Millions
Orchard Therapeutics Plc  72.31 %$ 4.557  Millions$ 6.302  Millions
Vericel Corporation  67.15 %$ 30.608  Millions$ 45.581  Millions
Bio techne Corp  67.05 %$ 185.191  Millions$ 276.191  Millions
Scilex Holding Company  66.47 %$ 6.725  Millions$ 10.117  Millions
Xtant Medical Holdings Inc   63.01 %$ 15.334  Millions$ 24.334  Millions
Creative Medical Technology Holdings Inc   60.00 %$ 0.004  Millions$ 0.006  Millions
Regenxbio Inc   57.16 %$ 16.526  Millions$ 28.914  Millions
Coherus Oncology inc   56.14 %$ 41.865  Millions$ 74.568  Millions
Protalix Biotherapeutics inc   52.70 %$ 5.452  Millions$ 10.345  Millions
Adaptive Biotechnologies Corporation  48.98 %$ 18.573  Millions$ 37.919  Millions
Elutia Inc   48.64 %$ 2.841  Millions$ 5.841  Millions
Novavax inc   47.09 %$ 88.057  Millions$ 186.986  Millions




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