Fluidigm committed to cutting cash burn, generates cash during 2017

By Devika Patel

Knoxville, Tenn., March 13 – Fluidigm Corp. generated cash in 2017, ending the year with a higher cash balance than it had at the beginning of the year.

The company is committed to managing cash and reducing cash burn.

“You’re seeing increased financial discipline and cash management,” president and chief executive officer Chris Linthwaite said at the Cowen and Company 38th Annual Health Care Conference in Boston on Tuesday.

“We exited the year with more cash on our balance sheet than we entered the year in 2017 and we have a commitment as a management team to more actively manage cash and you saw significant reductions in our quarter-on-quarter cash burn as we progressed throughout the year,” he said.

South San Francisco, Calif.-based Fluidigm develops, makes and markets integrated microfluidic circuit systems.

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