NASDAQ$AKYA
Akoya Biosciences Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Akoya's third-quarter performance fell short of expectations due to capital equipment purchase constraints, but the company improved its gross margin and reduced operating expenses.
Akoya Biosciences reported a decrease in revenue for the third quarter of 2024 compared to the previous year, but improved its gross margin and reduced operating expenses. The company is focused on long-term growth and profitability, and is evaluating strategic alternatives.
- Revenue was $18.8 million, a 25% year-over-year decrease.
- Gross margin improved to 62.3% from 60.6% in the prior year.
- Operating expenses decreased by 25% year-over-year to $20.1 million.
- Loss from operations improved by 28% year-over-year to $8.3 million.
Headline financials
Revenue & EPS history
Akoya · Revenue · Quarterly
$18.8M
Revenue by segment
Akoya · $18M total across 1 segment · Q3 2023
- Product revenue$18M+25.3%100.0%
Forward guidance
Akoya expects revenue for the full year 2024 to be in the range of $80 million to $85 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 · overlaid with Q3 2024
-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
| Quarter | Report date | Reaction (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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