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Dec 31, 2022
Quanterix Q4 2022 Earnings Report
Quanterix reported financial results for the fourth quarter and twelve months ended December 31, 2022, with revenue results aligned with expectations set forth with the strategic realignment plan.
Key Takeaways
Quanterix announced its Q4 2022 financial results, revealing that its revenue was in line with expectations following the strategic business realignment initiated in August 2022. The company saw strong quarter-over-quarter improvement in gross margin.
Quanterix's Simoa technology continues to be at the forefront of research and testing.
The corporate transformation program is on track, with good progress quarter over quarter.
Q4 GAAP Gross Margin was 48.8% versus Q3 GAAP gross margin of 41.1%.
SG&A costs were $19.3M for the quarter, down $9.1M from last year Q4 due to restructuring.
Quanterix
Quanterix
Forward Guidance
Not applicable, no forward guidance was given in the report.