Q3 2024 Quanterix Corp Earnings Call Transcript

Nov 12, 2024 / 09:30 PM GMT

Release Date Price: $15.17 (-0.91%)

Transcript 8-K

Key Points

Positve

Quanterix Corp (QTRX) reported its sixth consecutive quarter of double-digit revenue growth, with a 13% increase in Q3 2024.
The company achieved a 36% growth in its Accelerator lab and an 8% growth in its consumables business.
Quanterix Corp (QTRX) has a strong balance sheet with nearly $300 million in liquidity and reduced cash usage to $3 million in the quarter.
The company launched 16 new products year-to-date, including novel multiplexes, with plans to launch four more by the end of the year.
Quanterix Corp (QTRX) is making significant progress in Alzheimer's disease testing, launching a multimarker assay as a lab-developed test with strong demand from clinicians.

Negative

Quanterix Corp (QTRX) is facing challenges with its instrument revenue, which decreased by 39% in the quarter.
The company is undergoing a restatement of certain prior period financial statements, which may take longer to complete than expected.
Revenue from the Asia Pacific region was down 34% in the period.
The company reported that revenue from lucent patient testing was immaterial for the quarter.
There is uncertainty around the reimbursement rates for single marker tests, which could impact future revenue from diagnostics.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

QTRX.OQ - Quanterix Corp
Q3 2024 Quanterix Corp Earnings Call
Nov 12, 2024 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by. My name is Andrea and I will be your conference operator today. At this time. I would like to welcome everyone to the Quinter Corporation Q3 2024 earnings call. All lines have been placed in you to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one in your telephone keypad. If you would like to withdraw your question, press star one again, I would now like to turn the call over to Vder Nre.

Thank you. Please go ahead.

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Unidentified_2 [2]
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