EMAIL DETAILS
SUBJECT:
Confidential RSTP Quarterly Update
PRI: NORMAL
FROM:
J
jdeloche@rosemontseneca.com
DATE:
2012-01-30 01:22:01
MSG_ID:
<CABFb5Z3SsSFZf5zeFRhmRhYCOSh0xciVfcJjsHbsYxWMPGhVTw@mail.gmail.com>
RECIPIENTS:
TO:
B
Bob Cohn
<bc@cohnhome.com>
CC:
H
Hunter Biden
<hbiden@rosemontseneca.com>
J
juliethecohn@gmail.com
N
Neil Callahan
<ncallahan@rosemontseneca.com>
CONTENT:
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PROCESSED
Hi Bob, It was great to catch up last week. We would appreciate it if you could provide introductions to the companies discussed during our meeting as appropriate. Also, please feel free to visit Hunter and the rest of our business development team whenever you have time on a trip to D.C. As discussed during our meeting, since closing the investment in Counsyl RSTP's business development team has been working closely with the company to help them expand their business in key geographies. Counsyl had a great 2011 and strong momentum in Q4. Some highlights include: *2011 Highlights* - 22,400 people screened - 1,270 clinics and hospitals have ordered the UGT as of 12/31/2011 - 15% increase in requisition value YoY ($435 to $500) - Introduction of Fragile X screening - Requisition revenue of $11.2 million, 533% growth YoY - Annual gross margin of 65.5% - Invoiced revenue grew 800% from $200k in January to $1.6 million in December - Invoiced revenue run rate of $20 million as of December *Q4 Highlights:* - Gross margins were 70.5% in Q4, increasing from 34% in Q1 - 10,492 people screened in Q4, representing requisition growth of 65% QoQ - Requisition revenue of $5.6 million, an increase of 81% QoQ - Raised $28 million Series B round and completed $5 million venture debt financing - Cash flow positive in Q4 - Signed 6 year lease on 27,000 square foot facility in South San Francisco - Increased sales team to 34 people Counsyl expects strong growth and continued profitability in 2012. The Company expects its new lab to be fully operational by April, 2012 and to be state of the art in terms of automation which will have a positive impact on gross margins. The company is hiring aggressively for key sales, marketing and lab positions. Please feel free to call me with any questions. My best, John John DeLoche *Managing Director* Rosemont Seneca Technology Partners One Market, Spear Tower, 36th Floor San Francisco, CA 94105 office: 415 293 8147 mobile: 415 793 7070 This email communication is privileged and confidential and is intended only for the individuals or entities named above. Any unauthorized dissemination of any of the contents of this email is strictly prohibited. If you are not the intended recipient, please do not read, copy, use or disclose to others the contents of this communication. Please notify the sender that you have received this e-mail in error and then delete the e-mail
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