NASDAQ$AKYA

Akoya Biosciences Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Akoya Biosciences reports first quarter 2025 financial results with a decrease in revenue and net loss, alongside an increase in gross margin.

Akoya Biosciences reported a revenue of $16.6 million for the first quarter of 2025, a decrease of 9.8% compared to the prior year. The company's net loss improved to -$15.652 million from -$23.484 million in the prior year period, and gross margin increased significantly to 59.3%.

  • Revenue for Q1 2025 was $16.6 million, down 9.8% year-over-year.
  • Gross margin improved to 59.3% in Q1 2025, up from 45.7% in the prior year period.
  • Net loss for Q1 2025 was -$15.652 million, an improvement from -$23.484 million in the prior year.
  • Operating expenses decreased by 22.3% to $23.3 million in Q1 2025.

Headline financials

Total Revenue

$16.6M

Previous: $18.4M-9.3%
EPS (adj)

-$0.32

Previous: -$0.39+17.9%
Instrument installed base

1.4K

Previous: 1.2K+12.0%
PhenoCyclers installed base

410

Previous: 354+15.8%
PhenoImagers installed base

949

Previous: 859+10.5%
Total publications citing tech

1.9K

Previous: 1.3K+44.7%
Net Income

-$15.7M

Previous: -$23.5M+33.4%
Operating Income

-$13.4M

Previous: -$21.6M+37.9%
Gross Profit

$9.87M

Previous: $8.38M+17.8%

Revenue & EPS history

Akoya · Revenue · Quarterly

$16.6M

Q1 2025-9.3%vs Q1 2024
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Akoya · $18M total across 1 segment · Q3 2023

  • Product revenue
    $18M+25.3%

Forward guidance

Akoya will not be hosting an earnings conference call or providing forward-looking guidance at this time due to the pending acquisition by Quanterix Corporation.

Tailwinds

  • Continued focus on operational discipline and innovation.
  • Successful increase in installed base despite macroeconomic uncertainty.
  • Technology gaining momentum globally, with growing adoption in large-scale population studies.
  • Expanding publication footprint across key research areas in high-impact journals.
  • Confidence in value-creating opportunities from the integration with Quanterix.

Headwinds

  • Broader macroeconomic uncertainty.
  • NIH funding uncertainty.
  • Pending acquisition by Quanterix Corporation means no earnings call.
  • No forward-looking guidance provided at this time.
  • Potential risks and uncertainties related to the proposed merger.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 10 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-3.7%

Avg return

Earnings day

-8.6%

Avg return

5 days after

-17.2%

Avg return

30 days after

53%

10 / 19 earnings

Positive

+13.7%

Q4 2021

Best reaction

-31.9%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025
Q2 2025
Q1 2025+1.0%+24.8%+23.8%
Q4 2025+3.8%+9.2%-30.7%
Q3 2024-24.9%-33.2%-29.5%
Q2 2024-9.5%-0.9%+5.5%
Q1 2024-31.9%-35.1%-50.0%
Q4 2023-15.4%-17.1%-28.1%
Q3 2023+10.0%+6.9%+16.4%
Q2 2023+0.9%-6.5%-23.9%
Q1 2023-2.5%-17.1%-18.8%
Q4 2022-7.3%-17.2%-36.6%
Q3 2022-15.1%
Q2 2022+5.0%
Q1 2022-11.9%
Q4 2021+13.7%
Q3 2020+1.5%
Q3 2021+0.2%
Q2 2021-0.1%
Q4 2020+9.5%
Q1 2021+2.3%
Q2 2020
Q1 2020

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