Akoya Acquisition and Integration
Completed the transformative Akoya acquisition, which is expected to generate $85 million in synergy savings and cost reductions. 75% of these expense reductions have already been implemented on a run rate basis.
Expansion in Addressable Market
With the acquisition of Akoya, Quanterix now serves a $5 billion total market across neurology, immunology, and oncology.
Simoa One Platform Launch
The Simoa One platform is set to launch by the end of 2025, expanding the addressable installed base by 20x to over 20,000 systems globally.
Alzheimer's Diagnostic Franchise Development
Expanded partnerships, international regulatory footprint, doubled test volumes, tripled revenues, and on track for a Medicare pricing recommendation this year.
Increased Consumables Revenue
Consumables revenue was approximately $100 million, demonstrating resiliency in the current macro environment.
Cash and Cost Management
Adjusted cash usage during the quarter was $2.6 million, an improvement of 49% from the previous year, driven by improved working capital and cost reductions.