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  "documentTitle": "Accelerate Diagnostics (AXDX)",
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  "presentationDate": "2019-09-16 00:00:00",
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  "notes": "The slide explains the logic behind calculating 'functional system-months' based on contract timing and provides a supporting data table.",
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      "text": "To calculate the annual utilization figure for already installed systems, we made a simple assumption that no reagent revenues are generated from the systems that have been contracted in the current quarter and up to two quarters before.",
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      "text": "We calculated the total functional system per month for every quarter, which is defined as total number of months for all functional or partially functional Pheno systems during the quarter. For example, 66 functional system-months for Q3 17 are from 22 systems contracted in Q4 16, because 66=3*22. 90 functional system-months for Q4 17 are from 22 systems contracted in Q4 16 and 8 systems contracted in Q1 17, because 90=3*22+3*8. And so forth.",
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      "text": "To calculate the annual utilization figure for already installed systems, we made a simple assumption that no reagent revenues are generated from the systems that have been contracted in the current quarter and up to two quarters before.",
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      "text": "Copyright 2019 White Diamond Research research@whitediamondresearch.com",
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      "text": "Top table showing Q1 17 and Q4 16 data points (8, 30, 22, 22)",
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