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Quanterix Corporation (QTRX)
NASDAQ:QTRX
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Quanterix (QTRX) AI Stock Analysis

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QTRX

Quanterix

(NASDAQ:QTRX)

Rating:48Neutral
Price Target:
$5.00
▲(14.94% Upside)
Quanterix's overall stock score reflects significant financial challenges, including declining revenues and negative cash flow, which are the most impactful factors. While strategic initiatives and corporate events offer potential for future growth, current financial and technical indicators suggest caution.
Positive Factors
Insider Activity
Recent insider purchases could suggest these individuals believe the stock is undervalued.
Strategic Developments
The Akoya acquisition, progress in diagnostics and upcoming launch of the Simoa One instrument should drive stronger performance over time.
Negative Factors
Market Challenges
Quanterix's results were impacted by increasing headwinds in biopharma and continued NIH funding uncertainty.
Product Sales
Consumables sales declined 15%, which is concerning as they are expected to be resilient in challenging environments.
Revenue Performance
Total revenue of $24.5M fell short of already lowered expectations, with significant declines in both academic and pharma sectors.

Quanterix (QTRX) vs. SPDR S&P 500 ETF (SPY)

Quanterix Business Overview & Revenue Model

Company DescriptionQuanterix Corporation (QTRX) is a biotechnology company that focuses on advancing the field of precision medicine through its innovative technology platform. The company specializes in ultra-sensitive biomarker detection and analysis, enabling researchers and clinicians to better understand and diagnose diseases. Quanterix operates primarily in the life sciences sector, offering products and services that include their Simoa (Single Molecule Array) technology, which allows for the measurement of low-abundance biomarkers in various applications such as oncology, neurology, and cardiology.
How the Company Makes MoneyQuanterix generates revenue through the sale of its proprietary Simoa technology systems, consumables, and related services to academic, pharmaceutical, and biotechnology companies. The company has multiple key revenue streams, including instrument sales, which provide upfront revenue, and ongoing sales of consumables that are required for the operation of their systems. Additionally, Quanterix earns revenue from service contracts and collaborations with pharmaceutical companies for specialized biomarker analysis and clinical trials. Strategic partnerships with major research institutions and pharmaceutical companies further contribute to its earnings through collaborative research agreements and co-development projects that leverage Quanterix's technology for drug development and biomarker discovery.

Quanterix Earnings Call Summary

Earnings Call Date:Aug 07, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Nov 05, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mix of strategic achievements and significant challenges. The company highlighted strong strategic moves and synergies following the Akoya acquisition, a stable consumables revenue stream, and expansion into new market segments. However, these positives were overshadowed by considerable revenue declines, particularly in academic and pharma sales, alongside increased operating expenses and a significant drop in gross margin. The company's focus on long-term growth and cost savings offers a positive outlook, but current financial challenges are significant.
Q2-2025 Updates
Positive Updates
Akoya Acquisition Completed
Quanterix completed the transformative Akoya acquisition, aiming for long-term growth and value creation through synergy savings and a stronger market position.
Strategic Revenue Growth Drivers
Investments in strategic drivers to support sustainable double-digit revenue growth and margin improvement, positioning for breakeven in 2026.
Synergy Savings Achieved
Quanterix expects to achieve approximately $85 million in synergy savings and cost reductions, with 75% of these savings already implemented.
Expansion of Addressable Market
Quanterix expanded its addressable market to $5 billion across neurology, immunology, and oncology, with a strong consumables revenue of approximately $100 million.
Strong Consumables Revenue
Consumables revenue was stable, approximately $100 million pro forma, demonstrating resilience in a challenging macro environment.
Simoa Platform Expansion
Launch of Simoa One by the end of 2025, expanding the addressable installed base by 20x to over 20,000 systems globally, creating substantial high-margin growth opportunities.
Alzheimer's Diagnostic Franchise Progress
Doubled test volumes, tripled revenues, and expanded international regulatory footprint with new partnerships, on track for Medicare pricing recommendation.
Negative Updates
Revenue Decline
Total revenue for Q2 was $24.5 million, down 29% year-over-year, due to temporary funding pauses and uncertainty in the U.S. academic and pharmaceutical markets.
Academic and Pharma Sales Drop
Academic sales declined 18% and pharma sales declined 38% in the quarter, reflecting challenging market conditions.
Decrease in Instrument Revenue
Instrument revenue was $2 million, with only 10 instruments placed in the quarter compared to 22 in the same quarter of 2024.
Accelerator Lab Revenue Decline
Accelerator Lab revenue was $4 million, down 60%, driven by a decline in large multimillion-dollar projects from pharma customers.
Gross Margin and Profit Decline
Non-GAAP gross margin was 41.8%, down due to lower output and fixed cost leverage, with higher inventory reserves compared to the prior year.
Increased Operating Expenses
Operating expenses rose to $48.4 million, up $15.2 million, including costs related to acquisition, integration, restructuring, and a $6.4 million goodwill impairment charge.
Company Guidance
During the Quanterix Corporation Q2 2025 earnings call, leadership provided guidance highlighting key financial metrics and strategic initiatives. The company reported total revenue of $24.5 million, reflecting a 29% decline year-over-year, attributed to temporary academic funding and biopharma spending headwinds. The acquisition of Akoya is anticipated to drive future growth, with synergy savings and cost reductions expected to reach approximately $85 million by 2026, 75% of which have already been achieved. Quanterix is targeting a breakeven financial position by 2026 and anticipates double-digit growth trajectories in its core markets. The combined company projects 2025 revenue between $130 million and $135 million, incorporating Akoya's results. The call emphasized strategic investments in proteomics, expanding market reach to a $5 billion sector, and the upcoming launch of the Simoa One platform. The company also reaffirmed its commitment to achieving cash flow positivity by 2026, while continuing to invest significantly in research and development to maintain its competitive edge.

Quanterix Financial Statement Overview

Summary
Quanterix shows revenue growth but struggles with profitability, as indicated by negative net income and EBIT margins. The balance sheet is strong with low debt, but negative cash flows highlight operational challenges.
Income Statement
50
Neutral
The company has shown revenue growth over several years, but profitability is a concern with consistently negative net income and EBIT margins. Gross profit margin is relatively stable, but high operating losses impact overall performance.
Balance Sheet
65
Positive
The balance sheet is solid with a healthy equity base and low debt levels, as indicated by a low debt-to-equity ratio. However, the company is not yet generating positive returns on equity due to ongoing net losses.
Cash Flow
45
Neutral
Operating cash flow remains negative, reflecting ongoing operational challenges. Free cash flow has shown some improvement but remains negative, indicating the company is not yet self-sustaining.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue125.38M137.42M122.37M105.52M110.56M86.38M
Gross Profit69.64M81.12M70.65M46.24M61.73M48.18M
EBITDA-84.62M-44.26M-15.63M-91.88M-53.24M-27.27M
Net Income-70.50M-38.53M-32.33M-96.70M-57.69M-31.53M
Balance Sheet
Total Assets375.61M406.53M425.01M434.20M501.53M271.05M
Cash, Cash Equivalents and Short-Term Investments261.17M289.12M321.32M338.74M396.46M181.58M
Total Debt35.53M37.37M41.46M44.10M21.89M30.80M
Total Liabilities83.15M76.50M78.08M75.26M60.58M64.92M
Stockholders Equity292.46M330.04M346.93M358.94M440.95M206.13M
Cash Flow
Free Cash Flow-32.89M-38.53M-22.69M-60.00M-61.52M-27.30M
Operating Cash Flow-29.59M-35.16M-18.90M-48.27M-47.91M-23.36M
Investing Cash Flow114.60M-82.27M-148.40M-11.21M-6.34M-626.00K
Financing Cash Flow-151.00K456.00K2.69M2.31M270.80M96.24M

Quanterix Technical Analysis

Technical Analysis Sentiment
Negative
Last Price4.35
Price Trends
50DMA
5.54
Negative
100DMA
5.49
Negative
200DMA
7.35
Negative
Market Momentum
MACD
-0.30
Positive
RSI
33.30
Neutral
STOCH
7.34
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For QTRX, the sentiment is Negative. The current price of 4.35 is below the 20-day moving average (MA) of 4.78, below the 50-day MA of 5.54, and below the 200-day MA of 7.35, indicating a bearish trend. The MACD of -0.30 indicates Positive momentum. The RSI at 33.30 is Neutral, neither overbought nor oversold. The STOCH value of 7.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for QTRX.

Quanterix Risk Analysis

Quanterix disclosed 58 risk factors in its most recent earnings report. Quanterix reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Quanterix Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
70
Outperform
$206.48M28.2617.18%16.97%48.56%
51
Neutral
$7.90B-0.33-41.69%2.23%23.45%-1.99%
49
Neutral
$243.46M-35.98%13.25%23.81%
48
Neutral
$208.63M-22.27%-2.74%-96.96%
46
Neutral
$131.93M-22.91%-25.85%18.18%
44
Neutral
$70.49M-66.88%18.24%4.81%
42
Neutral
$115.53M-935.73%38.32%-1.31%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
QTRX
Quanterix
4.35
-7.90
-64.49%
ANIK
Anika Therapeutics
9.01
-16.30
-64.40%
CERS
Cerus
1.31
-0.77
-37.02%
ELMD
Electromed
23.84
6.73
39.33%
RCEL
Avita Medical
4.29
-4.61
-51.80%
LUNG
Pulmonx
1.66
-5.28
-76.08%

Quanterix Corporate Events

M&A TransactionsBusiness Operations and StrategyFinancial Disclosures
Quanterix Adopts New Bylaws Amid Financial Challenges
Negative
Aug 7, 2025

On August 5, 2025, Quanterix‘s Board of Directors adopted new bylaws to implement a majority voting standard for uncontested director elections. The company also announced financial results for the second quarter of 2025, reporting a revenue decrease of 29% compared to the previous year and a net loss of $30 million. Despite these challenges, Quanterix highlighted significant growth in its Alzheimer’s Diagnostics revenues and strategic actions aimed at long-term growth, including the completion of its acquisition of Akoya Biosciences. The company is focused on achieving cash flow breakeven in 2026 and expects to exit 2025 with approximately $120 million in cash and cash equivalents.

Executive/Board ChangesBusiness Operations and Strategy
Quanterix Announces Cooperation Agreement with Kent Lake
Positive
Aug 4, 2025

On August 4, 2025, Quanterix Corporation announced a cooperation agreement with Kent Lake Partners LP to appoint a new independent director by December 1, 2025, and to seek shareholder approval to declassify its board. This agreement includes amending bylaws for a majority voting standard in uncontested elections and Kent Lake’s withdrawal of previous director nominations and proposals. The collaboration aims to enhance governance and focus on the company’s strategic goals, potentially benefiting stakeholders and positioning Quanterix for continued success.

M&A TransactionsBusiness Operations and Strategy
Quanterix Announces Cost-Cutting Measures Post-Acquisition
Negative
Jul 24, 2025

On July 18, 2025, Quanterix Corporation announced a plan to reduce operating costs and preserve cash through a series of terminations as part of its integration strategy following the acquisition of Akoya Biosciences, Inc. This move is expected to result in annualized cash savings of approximately $18 million, primarily through headcount reductions to be completed by the third quarter of 2025. However, the company anticipates incurring expenses of around $2.5 million for severance. The actual financial impact may vary based on several assumptions, and Quanterix has acknowledged potential risks and uncertainties that could affect the expected outcomes.

Executive/Board ChangesBusiness Operations and Strategy
Quanterix Announces Executive Termination for Cost Savings
Neutral
Jul 18, 2025

On July 14, 2025, Quanterix Corporation announced a plan to terminate certain executives of its newly acquired subsidiary, Akoya Biosciences, Inc., as part of an integration strategy to achieve cost savings and operational efficiencies. The move is expected to result in annual cash savings of approximately $2.8 million, although it will incur expenses of around $3.3 million in 2025 for severance payments. The company acknowledges that actual results may vary from these estimates and additional charges could arise.

Executive/Board ChangesM&A Transactions
Quanterix Completes Acquisition of Akoya Biosciences
Positive
Jul 8, 2025

On July 8, 2025, Quanterix Corporation completed its acquisition of Akoya Biosciences, creating a comprehensive platform for measuring biomarkers across blood and tissue. This acquisition is expected to expand Quanterix’s market from $1 billion to $5 billion and accelerate its path to profitability by 2026. As part of the merger, Akoya designated Scott Mendel and Myla Lai-Goldman, MD, to join Quanterix’s Board of Directors, replacing Martin D. Madaus, PhD, and Sarah Hlavinka, who resigned on July 7, 2025. The merger positions Quanterix as a scaled leader in early disease detection for neurology, oncology, and immunology markets.

Shareholder Meetings
Quanterix Revises Deadlines for Stockholder Proposals
Neutral
Jul 1, 2025

On June 26, 2025, Quanterix Corporation’s board announced that the 2025 Annual Meeting of Stockholders will be held virtually on September 23, 2025. Due to the meeting’s date being more than 30 days from the previous year’s meeting, deadlines for stockholder proposals and nominations have been revised, with new deadlines set for July 11 and July 25, 2025, to comply with SEC rules and the company’s bylaws.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 19, 2025