NASDAQ$QTRX

Quanterix Corporation · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Quanterix reported financial results for the fourth quarter and twelve months ended December 31, 2022, with revenue results aligned with expectations set forth with the strategic realignment plan.

Quanterix announced its Q4 2022 financial results, revealing that its revenue was in line with expectations following the strategic business realignment initiated in August 2022. The company saw strong quarter-over-quarter improvement in gross margin.

  • Quanterix's Simoa technology continues to be at the forefront of research and testing.
  • The corporate transformation program is on track, with good progress quarter over quarter.
  • Q4 GAAP Gross Margin was 48.8% versus Q3 GAAP gross margin of 41.1%.
  • SG&A costs were $19.3M for the quarter, down $9.1M from last year Q4 due to restructuring.

Headline financials

Total Revenue

$25.8M

Previous: $30.3M-14.7%
EPS (adj)

-$0.50

Previous: -$0.55+9.1%
Capital Expenditures

$1.6M

Previous: $2.45M-35.0%
Free Cash Flow

-$5.69M

Previous: -$12.7M+55.4%
Net Income

-$18.6M

Previous: -$20M+7.1%
Operating Income

-$22.3K

Previous: -$19.9M+99.9%
Gross Profit

$48.80

Previous: $16.3M-100.0%
Cash & Equivalents

$339M

Previous: $396M-14.6%
Total Assets

$434M

Previous: $502M-13.5%
Stock-Based Comp

$3.66M

Previous: $4.93M-25.7%

Revenue & EPS history

Quanterix · Revenue · Quarterly

$25.8M

Q4 2022-14.7%vs Q4 2021
Beat estimate in 13 of 15 quarters(87%)
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

Not applicable, no forward guidance was given in the report.

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 Q4 2022

Historical avgQ4 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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