Berkeley Lights (NASDAQ:BLI) -6.4% aftermarket said Monday it expects total revenue for 2022 between $78.0 million to $78.5 million.
The Seeking Alpha consensus for 2022 revenue is $89.3 million.
"Results were lower-than-expected due to a delay in several Beacon platform placements, which are now expected in 2023, and lower revenue from partnership and services contracts," the company said.
The company said in the fourth quarter, it faced a tight macroeconomic environment with elongated sales cycles and constrained capital budgets.