Quanterix Q4 revenue $25.8M (-14.7% YoY); GAAP operating loss $22.3M with $10M restructuring charges

Quanterix Corp

Q4 GAAP revenue $25.8M, down 14.7% YoY; FY revenue $105.5M, down from $110.6M.
Q4 GAAP gross margin 48.8% (up from Q3 41.1%); non-GAAP gross margin 41.3% (up from Q3 34.9%).
GAAP operating loss $22.3M including ~$10M restructuring/impairment; SG&A down $9.1M to $19.3M.
Cash burn $5M in Q4; ended 2022 with $338.7M unrestricted cash.
Corporate transformation on track; assay redevelopment program to improve manufacturing at scale.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Quanterix Corp reported financial results for fourth quarter and twelve months ended December 31, 2022.

Period: fourth quarter and twelve months ended December 31, 2022
Result: reported results

Exact text from the filing

On March 6, 2023, Quanterix Corporation (“Quanterix”) issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2022 (the “Earnings Release”).

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Quanterix Corp filing history →

Source: SEC EDGAR

accession 0001104659-23-028802

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