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Dec 31, 2020

Quanterix Q4 2020 Earnings Report

Announced Q4 2020 financial results, with non-GAAP revenue increasing by 36% compared to the prior year.

Key Takeaways

Quanterix reported Q4 GAAP revenue of $26.1 million and non-GAAP revenue of $21.6 million, representing a 36% increase compared to the previous year. The company is focusing on the long-term impact of COVID-19 on human health and scaling its operations to meet the growing demand for ultra-sensitive protein analytical tools.

Q4 GAAP revenue including Grant Revenue was $26.1M.

Q4 non-GAAP revenue was $21.6M, a 36% increase versus prior year.

The company is addressing the pandemic crisis and advances in Alzheimer's therapies.

Quanterix is scaling to support this unprecedented opportunity in precision health.

Total Revenue
$26.1M
Previous year: $15.9M
+64.2%
EPS
-$0.31
Previous year: -$0.39
-20.5%
Gross Profit
$15.1M
Previous year: $6.87M
+119.2%
Cash and Equivalents
$182M
Previous year: $109M
+66.4%
Free Cash Flow
$2.87M
Previous year: -$5.08M
-156.6%
Total Assets
$271M
Previous year: $170M
+59.5%

Quanterix

Quanterix

Forward Guidance

Quanterix is entering 2021 on strong footing, scaling to support the unprecedented opportunity in precision health, and focusing on analytical tools to support disease studies, diagnostics, and drug development.