Marty Chilberg
Long only, special situations, research analyst, healthcare

Sequenom 2013 Operating Results Review

Sequenom (SQNM) Points to Significant Expansion in Noninvasive Prenatal Testing (NIPT) Market

Sequenom released results for the quarter and year ended December 31st, 2013 on February 27th, 2014. The results were largely expected as revenues and cash burn had been preannounced. The 2013 10k and earnings conference call provided some clarity into the questions of primary importance to investors:

  1. Why is unit growth slowing for MaterniT21 and what does that say about the size of the market opportunity?
  2. How likely is achievement of the company goal to attain positive cash flow by the end of 2014?
  3. Will the company need to source new capital this year?

Cash flows

Sequenom reported net cash usage of $13.5m in December 2013....

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