Record Consumables Revenue
Quanterix recorded its highest consumables quarter, with consumables revenue reaching $18.1 million, up 6% from the previous year.
Strategic Initiatives and Product Launches
The company launched four new immunology assays, building on 20 new assays introduced last year, and plans to release the next-gen platform Simoa ONE by year-end.
Akoya Biosciences Merger Synergies
The merger with Akoya is expected to increase Quanterix's shareholder ownership from 70% to 84% and contribute significantly to top-line and gross profit dollars.
Operational Efficiency and Cost Savings
Quanterix announced a $30 million core operating cost reduction, scaling to $55 million annualized savings by 2026, contributing to a path towards positive cash flow.