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  "documentTitle": "Accelerate Diagnostics (AXDX)",
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  "authorName": "White Diamond Research",
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  "presentationDate": "2019-09-16 00:00:00",
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  "notes": "The slide explains the methodology for deriving average instrument revenue percentages from disparate analyst reports.",
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      "text": "The sell-side analysts above don't say how they came to their Instrument revenue % numbers, but they have their own process.",
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      "text": "The sell-side analysts above don't say how they came to their Instrument revenue % numbers, but they have their own process. We went with their averages instead of estimating the percentage ourselves. The company is very vague about these numbers and don't share it with investors.",
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      "text": "system, while reagent sales is leasing it out. For the purpose of our further analysis we took an average of all sell-side analyst assumptions (right column).",
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      "kind": "paragraph",
      "text": "Here AXDX discloses its updated data on the total number of commercial systems installed world-wide at the William Blair 39th Annual Growth Stock Conference. The following is slide 11 on Market Penetration:",
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      "text": "Source: Sell-side Analyst Reports",
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