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Jun 30, 2021

Quanterix Q2 2021 Earnings Report

Quanterix's Q2 2021 financial results were released, showing an increase in non-GAAP revenue and instrument placements.

Key Takeaways

Quanterix reported Q2 2021 GAAP revenue of $25.4 million and non-GAAP revenue of $24.4 million, representing an 86% increase over the prior year. Instrument placements also increased by 71%.

Q2 GAAP revenue was $25.4 million, including Grant Revenue.

Q2 Non-GAAP revenue was $24.4 million, an increase of 86% over the prior year.

Instrument placements increased by 71%.

The company is strategically expanding in the diagnostics space, particularly for neurodegenerative diseases like Alzheimer's.

Total Revenue
$25.4M
Previous year: $13.1M
+93.2%
EPS
-$0.33
Previous year: -$0.43
-23.3%
Gross Profit
$12.9M
Cash and Equivalents
$431M
Free Cash Flow
-$17M
Total Assets
$528M

Quanterix

Quanterix

Forward Guidance

No specific forward guidance was provided in the press release.