secwatch.observer — SEC 8-K summary
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Issuer:     Quanterix Corp (QTRX)
CIK:        0001503274
Form:       8-K
Filed at:   2025-05-14T23:59:59+00:00
Accession:  0001503274-25-000056
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quanterix dismisses EY, hires KPMG as auditor; cites material weaknesses and restatement
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- EY dismissed effective after Q1 2025 10-Q filing; Audit Committee selected KPMG for FY 2025 after RFP.
- EY reports on internal controls for 2023 and 2024 contained adverse opinions due to material weaknesses.
- Material weaknesses cited: inventory valuation (including labor/overhead capitalization) and Accelerator Laboratory revenue controls.
- Company restated financials for periods from Q1 2022 through Q2 2024 due to inventory valuation error.
- No disagreements with EY on accounting principles; new auditor KPMG has had no pre-engagement consultations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1503274/000150327425000056/0001503274-25-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1503274/000150327425000056/qtrx-20250509.htm
  HTML page:      https://secwatch.observer/filing/0001503274-25-000056

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer