Quanterix (QTRX) Tops Q1 EPS by 5c, provides guidance

Quanterix (NASDAQ: QTRX) reported Q1 EPS of ($0.26), $0.05 better than the analyst estimate of ($0.31). Revenue for the quarter came in at $32.1 million versus the consensus estimate of $31.5 million.

GUIDANCE:

Quanterix sees FY2024 revenue of $139-144 million, versus the consensus of $141.7 million.
This guide is for the Company’s research-only business, and does not include revenues from Diagnostics testing, which to date have not been material. GAAP gross margin percentage is expected to be in the range of 57-61%, and non-GAAP gross margin percentage is expected to be in the range of 51-55%. Finally, the Company continues to anticipate 2024 cash usage in the range of $25 to $30 million.

For earnings history and earnings-related data on Quanterix (QTRX) click here.

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