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Dec 31, 2022
Akoya Q4 2022 Earnings Report
Akoya reported record revenue driven by robust demand for its spatial biology solutions.
Key Takeaways
Akoya Biosciences reported a 31% increase in revenue for Q4 2022, reaching $21.2 million compared to $16.2 million in the prior year period. The company's product revenue increased by 22% to $15.7 million, while services and other revenue grew by 70% to $5.5 million. Gross profit was $12.0 million with a gross profit margin of 57%.
Total revenue reached $21.2 million, a 31% increase year-over-year.
Product revenue increased by 22% to $15.7 million.
Services and other revenue grew by 70% to $5.5 million.
Gross profit was $12.0 million with a gross profit margin of 57%.
Akoya
Akoya
Akoya Revenue by Segment
Forward Guidance
The Company expects a full year 2023 revenue guidance range of $95-98 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income