NASDAQ$AKYA

Akoya Biosciences Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Akoya reported strong financial performance with record revenue and system placements.

Akoya Biosciences reported a 37% increase in revenue compared to the prior year period. The company sold 60 instruments, an increase of 94% from the prior year period. They are raising full year 2022 revenue guidance range to $71-74 million.

  • Total revenue was $17.9 million, an increase of 37% year-over-year.
  • Product revenue was $14.2 million, an increase of 33% year-over-year.
  • Services and other revenue totaled $3.7 million, an increase of 54% year-over-year.
  • 60 instruments were sold, an increase of 94% year-over-year.

Headline financials

Total Revenue

$17.9M

Previous: $13.1M+36.9%
EPS (adj)

-$0.47

Previous: -$0.20-135.0%
Capital Expenditures

$1.56M

Previous: $947K+65.2%
Free Cash Flow

-$15M

Previous: -$13.4M-11.9%
Net Income

-$17.5M

Previous: -$5.56M-214.5%
Operating Income

-$17.5M

Previous: -$6.38M-173.8%
Gross Profit

$10.3M

Previous: $8.13M+27.1%
Cash & Equivalents

$46.9M

Previous: $135M-65.4%
Total Assets

$184M

Previous: $206M-10.7%
Stock-Based Comp

$1.72M

Previous: $1.22M+41.5%

Revenue & EPS history

Akoya · Revenue · Quarterly

$17.9M

Q2 2022+36.9%vs Q2 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Akoya · $17.9M total across 2 segments · Q2 2022

  • Product revenue
    $14.2M+32.1%
  • Service and other revenue
    $3.73M

Forward guidance

The company is raising its full year 2022 revenue guidance range to $71-74 million.

Historical earnings impact

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

Avg. return before/after earnings

Based on 10 quarterly earnings reports

Historical avg

-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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