QTRX Earnings Prediction
The chart below shows how QTRX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, QTRX sees a +1.76% change in stock price 10 days leading up to the earnings, and a +3.01% change 10 days following the report. On the earnings day itself, the stock moves by -0.72%. This data can give you a slight idea of what to expect for the next quarter's release.
QTRX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
35.81M
14.29%
4.17%
Gross Margin
56.27%
-0.85%
-3.55%
Operating Margin
-32.80%
-25.37%
-13.98%
Net Margin
-23.32%
-5.82%
-15.35%
EPS
-0.22
-4.76%
-12.00%
No Data Available
QTRX Earnings Analysis
Quanterix Corporation Common Stock Corporation (QTRX.O) Earnings Conference Call
Positive
Revenue Increase Q3 2024: Q3 2024 total revenue reached $35.7 million, marking a 13% increase compared to the prior year.
Accelerator Lab Revenue Surge: Accelerator lab revenue grew to $10.5 million, reflecting a 36% increase driven by strong demand for clinical trial services.
Consumables Revenue Increase: Consumables revenue increased by 8% to $17.3 million, offsetting a decline in instrument revenue, which was $2.4 million, a decrease of 39%.
Gross Profit Increase: The third quarter non-GAAP gross profit was $21.1 million, up $2.2 million from the prior year, with a gross margin of 58.9%.
Product Commercialization Update: Year-to-date, the company has commercialized a total of 16 new products, including several novel multiplexes, with plans to launch another four assays by the end of the year.
Negative
Quarterly Revenue Analysis: Total revenue for the third quarter of 2024 was $35.7 million, an increase of 13% compared to the prior year, but the instrument revenue was $2.4 million, a decrease of 39%.
Gross Profit and Margin Analysis: The third quarter preliminary non-GAAP gross profit was $19.1 million, and preliminary non-GAAP gross margin was 53.4%, up $2.8 million, but approximately 160 basis points lower compared to the third quarter of 2023.
Cash Flow Challenges: Cash flow in the period was a net outflow of $3.3 million, which was higher than the prior year period by $1.5 million, indicating cash management challenges.
Regional Market Performance: The Europe region grew only 2%, while the Asia-Pacific region was down 34% in the period, reflecting regional market difficulties.
Financial Reporting Restatement Issues: The company disclosed the need to restate certain prior period financial statements to correct non-cash errors related to those periods, indicating potential issues with financial reporting integrity.
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QTRX Earning Call Sentiment
Quanterix Corporation (QTRX) Q3 2024 Earnings Conference Call Transcript
1.0x
00:00
00:00
QTRX.O
3.19%Positive
The earnings call reveals several concerns: significant declines in instrument and Asia-Pacific revenues, ongoing cash burn, and regulatory risks. Although total revenue increased, the decline in instrument revenue is worrying. The Q&A section highlighted management's evasiveness on key topics, adding uncertainty. Despite strong cash reserves, the high cash burn rate and challenges in international markets weigh negatively. The guidance update suggests weaker than expected performance, further contributing to a negative sentiment. The combination of these factors suggests a likely negative stock price movement in the short term.