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Jun 30, 2023
Akoya Q2 2023 Earnings Report
Akoya reported record revenue and the milestone of the 1,000th publication featuring Akoya platforms in the second quarter of 2023.
Key Takeaways
Akoya Biosciences reported a strong financial performance in Q2 2023, achieving record revenue of $23.5 million, a 31% increase year-over-year. The company highlighted its leading position in spatial biology and its focus on moving towards profitability.
Total revenue reached $23.5 million, a 31% increase compared to the prior year period.
Product revenue (instruments, reagents, and software) increased by 20% to $17.1 million.
Service and other revenue grew significantly by 73% to $6.4 million.
Gross profit was $12.1 million with a gross profit margin of 51.5%.
Akoya
Akoya
Akoya Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comService and other Revenue
CapyFin.com Forward Guidance
The company continues to expect full year 2023 revenue in the range of $95-98 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income