NASDAQ$QTRX

Quanterix Corporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Quanterix reported revenue growth, but gross margin fell short of expectations. The company is implementing changes to inventory management and quality processes to improve gross margins.

Quanterix Corporation announced financial results for the first quarter of 2022, with revenue in line with expectations but gross margin falling short. The company is implementing changes to improve gross margins.

  • Q1 revenue was in line with expectations and full-year goals.
  • Gross margin fell well short of expectations.
  • Implementing specific changes to inventory management and quality processes.
  • Focus on scaling with quality, innovation, and ability to translate ultra-sensitive biomarker detection.

Headline financials

Total Revenue

$29.6M

Previous: $27.2M+8.6%
EPS (adj)

-$0.49

Previous: -$0.29-69.0%
Capital Expenditures

-$1.39M

Previous: -$79K-1664.6%
Free Cash Flow

-$19.5M

Previous: -$10.2M-92.0%
Net Income

-$18.2M

Previous: -$10.1M-79.7%
Operating Income

-$18.2M

Previous: -$9.79M-85.8%
Gross Profit

$14.6M

Previous: $16.3M-10.9%
Cash & Equivalents

$375M

Previous: $443M-15.4%
Total Assets

$507M

Previous: $533M-4.9%
Stock-Based Comp

$3.8M

Previous: $3.39M+12.3%

Revenue & EPS history

Quanterix · Revenue · Quarterly

$29.6M

Q1 2022+8.6%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Quanterix · $20.4M total across 3 segments · Q3 2023

  • Product Revenue
    $19.7M
  • Grant Revenue
    $499K
  • Collaboration and License
    $237K

Forward guidance

Quanterix is focused on scaling with quality, innovation, and translating ultra-sensitive biomarker detection to help researchers and pharmaceutical companies drive earlier disease detection, better prognoses, and enhanced treatment methods.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-3.6%

Avg return

Earnings day

-5.0%

Avg return

5 days after

-1.1%

Avg return

30 days after

30%

10 / 33 earnings

Positive

+18.1%

Q3 2020

Best reaction

-57.3%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.3%-15.2%-0.6%
Q4 2025-7.1%-20.1%-40.1%
Q3 2025-2.0%+12.1%+47.5%
Q1 2025-19.3%-16.4%+8.0%
Q4 2024-1.8%-0.8%-29.3%
Q3 2024-19.0%-25.3%-27.1%
Q2 2024-13.5%-11.7%-5.0%
Q1 2024-1.7%-0.7%-7.0%
Q4 2023-2.8%+20.1%+0.3%
Q3 2023-1.7%-10.6%+1.2%
Q2 2023+11.0%+9.5%+15.4%
Q1 2023+1.9%-6.8%+33.5%
Q4 2022+5.9%-1.4%-1.6%
Q3 2022-2.1%+31.4%+35.9%
Q2 2022-57.3%-40.1%-45.8%
Q1 2022-16.6%+1.6%-6.1%
Q4 2021-3.1%-11.9%-13.5%
Q3 2021+3.1%-1.5%-32.6%
Q2 2021-5.0%-6.7%-6.4%
Q1 2021+0.7%-10.2%+3.4%
Q4 2020-20.8%-18.5%-25.7%
Q3 2020+18.1%+6.9%+11.5%
Q2 2020+8.5%+2.6%+1.3%
Q1 2020+3.8%-3.5%-4.1%
Q4 2019-7.0%-20.3%+7.8%
Q3 2019+16.8%+10.2%+23.8%
Q2 2019-5.4%-17.5%-17.3%
Q1 2019-4.0%-8.5%+28.0%
Q4 2018-1.1%-2.7%+10.3%
Q3 2018-0.1%-4.6%+7.0%
Q2 2018-1.3%-0.5%-0.9%
Q1 2018+4.0%+3.5%-7.4%
Q4 2017-1.2%-8.6%-1.7%
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016

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