Illumina's revolutionary NovaSeq X exceeds 200th order milestone in first quarter 2023

Rhea-AI Summary

Illumina Inc. (NASDAQ: ILMN) reported robust demand for its NovaSeq X sequencing system, surpassing 200 orders in Q1 2023. This demand spans nearly 30 countries, indicating significant market interest. The NovaSeq X offers improved speed and accuracy, being twice as fast and three times as accurate as its predecessor, generating over 20,000 whole genomes per year at a cost of $200 each. Customer feedback highlights enhanced project capabilities and efficiency in multiomic analyses. The Broad Institute's confirmation of NovaSeq X's performance solidifies its position in the genomics market, reflecting Illumina's commitment to innovation and customer support.

Positive

• Exceeded 200 orders for the NovaSeq X in Q1 2023.
• Offers enhanced performance: twice as fast and three times as accurate as previous models.
• Can generate over 20,000 whole genomes annually at a cost of $200 per genome.
• Growing customer base includes new market entrants to high-throughput sequencing.
• Positive feedback from the Broad Institute confirming product performance.

Negative

• None.

Strong demand drives record orders

SAN DIEGO, April 4, 2023 /PRNewswire/ -- Illumina Inc. (NASDAQ: ILMN), a global leader in DNA sequencing and array-based technologies, today announced it has already exceeded more than 200 orders for its revolutionary NovaSeq X sequencing system in the first quarter of 2023. The orders represent a diverse customer base spanning research and clinical customer segments in nearly 30 countries, across five continents, all seeking to add NovaSeq X – our fastest, most powerful, most sustainable high-throughput sequencer available.

"The NovaSeq X has enjoyed the strongest pre-launch demand we've ever seen for any instrument, and customer enthusiasm continues to grow," said Susan Tousi, chief commercial officer at Illumina. "Customers are thrilled about NovaSeq X's ability to enable and accelerate new projects that require more samples, more multiomic analyses, and depth of sequencing. In addition, NovaSeq X is proving to be an entry point for customers seeking more power and faster results – about 15 percent of pre-orders came from customers who are new to high-throughput sequencing."

First announced at the Illumina Genomics Forum last September, NovaSeq X offers high-throughput sequencing that is twice as fast and three times as accurate as previous Illumina products. It can generate more than 20,000 whole genomes per year at a cost of $200 per genome. In February, scientists at the Broad Institute of MIT and Harvard, the first recipient of a NovaSeq X, presented data confirming NovaSeq X Plus' performance meets or exceeds that of the NovaSeq 6000. This step-change in performance coupled with the launch of Illumina Complete Long Reads last month, enables customers to run long- and short-read sequencing on the same device, offering flexibility in a simplified and efficient workflow.

Illumina continues to lead the genomics industry with the latest and most innovative sequencing technology on-market and is committed to supporting its customers while driving additional orders and growing further adoption of whole-genome sequencing globally.  

About Illumina

Illumina is improving human health by unlocking the power of the genome. In 2023 we celebrate 25 years of innovation, which has established us as a global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical, and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture, and other emerging segments. To learn more, visit illumina.com and connect with us on Twitter, Facebook, LinkedIn, Instagram, TikTok, and YouTube.

Use of Forward-Looking Statements

This release contains forward-looking statements that involve risks and uncertainties, including the expectation for lower costs related to the storing and managing of genomic data costs. Among the important factors that could cause actual results to differ materially from those in any forward-looking statements are: (i) challenges inherent in developing and launching new products and services; (ii) our ability to deploy new products, services, and applications, and to expand the markets for our technology platforms; and (iii) the acceptance by customers of our newly launched products, which may or may not meet our and their expectations once deployed, together with other factors detailed in our filings with the Securities and Exchange Commission, including our most recent filings on Forms 10-K and 10-Q, or in information disclosed in public conference calls, the date and time of which are released beforehand. We undertake no obligation, and do not intend, to update these forward-looking statements, to review or confirm analysts' expectations, or to provide interim reports or updates on the progress of the current quarter.

Investors:
Salli Schwartz
858-291-6421
IR@illumina.com

Media:
David McAlpine
347-327-1336
PR@illumina.com

 

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SOURCE Illumina, Inc.

FAQ

What milestone did Illumina achieve with the NovaSeq X in Q1 2023?

Illumina exceeded 200 orders for the NovaSeq X sequencing system.

How many countries are represented in the orders for NovaSeq X?

The orders for NovaSeq X come from customers in nearly 30 countries.

What are the performance improvements of the NovaSeq X compared to previous models?

NovaSeq X is twice as fast and three times as accurate as previous Illumina products.

What is the cost to generate a whole genome using NovaSeq X?

The cost to generate a whole genome using NovaSeq X is $200.

What percentage of NovaSeq X pre-orders came from new customers?

About 15 percent of pre-orders for NovaSeq X came from customers new to high-throughput sequencing.