NASDAQ$AKYA

Akoya Biosciences Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Akoya reported record revenue with 40% YoY growth.

Akoya Biosciences reported a record revenue of $18.9 million for Q3 2022, a 40% increase compared to the previous year. The company also raised its full-year 2022 revenue guidance to $73-75 million.

  • Total revenue reached $18.9 million, a 40% increase year-over-year.
  • Product revenue increased by 32% to $14.4 million.
  • Services and other revenue increased by 69% to $4.4 million.
  • 55 instruments were sold, a 67% increase compared to the prior year period.

Headline financials

Total Revenue

$18.9M

Previous: $13.5M+39.9%
EPS (adj)

-$0.47

Previous: -$0.31-51.6%
Capital Expenditures

$3.79M

Previous: $1.88M+102.1%
Free Cash Flow

-$16M

Previous: -$15.3M-4.5%
Net Income

-$17.9M

Previous: -$11.6M-53.8%
Operating Income

-$16.3M

Previous: -$10.7M-51.7%
Gross Profit

$10.9M

Previous: $8.45M+28.9%
Cash & Equivalents

$51.8M

Previous: $120M-56.9%
Total Assets

$176M

Previous: $195M-9.7%
Stock-Based Comp

$2.04M

Previous: $1.16M+76.5%

Revenue & EPS history

Akoya · Revenue · Quarterly

$18.9M

Q3 2022+39.9%vs Q3 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Akoya · $18.8M total across 2 segments · Q3 2022

  • Product revenue
    $14.4M+32.4%
  • Service and other revenue
    $4.4M+69.1%

Forward guidance

The company is raising its full year 2022 revenue guidance range to $73-75 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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