Quanterix (QTRX) Revenue & Revenue Breakdown


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Quanterix Revenue Highlights


Latest Revenue (Y)

$122.37M

Latest Revenue (Q)

$34.38M

Main Segment (Y)

Product revenue

Main Geography (Y)

EMEA

Quanterix Revenue by Period


Quanterix Revenue by Year

DateRevenueChange
2023-12-31$122.37M16.59%
2022-12-31$104.95M-5.07%
2021-12-31$110.56M27.99%
2020-12-31$86.38M52.25%
2019-12-31$56.73M50.76%
2018-12-31$37.63M64.52%
2017-12-31$22.87M30.08%
2016-12-31$17.59M44.38%
2015-12-31$12.18M-

Quanterix generated $122.37M in revenue during NA 2023, up 16.59% compared to the previous quarter, and up 325.17% compared to the same period a year ago.

Quanterix Revenue by Quarter

DateRevenueChange
2024-06-30$34.38M7.22%
2024-03-31$32.07M1.64%
2023-12-31$31.55M2.32%
2023-09-30$30.84M-0.12%
2023-06-30$30.87M9.35%
2023-03-31$28.23M10.24%
2022-12-31$25.61M-2.86%
2022-09-30$26.36M12.55%
2022-06-30$23.43M-20.73%
2022-03-31$29.55M-2.43%
2021-12-31$30.29M13.52%
2021-09-30$26.68M9.21%
2021-06-30$24.43M-1.96%
2021-03-31$24.92M-4.64%
2020-12-31$26.13M-11.30%
2020-09-30$29.46M124.37%
2020-06-30$13.13M-16.51%
2020-03-31$15.73M-1.19%
2019-12-31$15.92M6.51%
2019-09-30$14.94M10.40%
2019-06-30$13.54M9.72%
2019-03-31$12.34M13.42%
2018-12-31$10.88M2.70%
2018-09-30$10.59M22.54%
2018-06-30$8.64M72.38%
2018-03-31$5.01M-23.90%
2017-12-31$6.59M14.91%
2017-09-30$5.73M9.99%
2017-06-30$5.21M-2.34%
2017-03-31$5.34M-20.08%
2016-12-31$6.68M-

Quanterix generated $34.38M in revenue during Q2 2024, up 7.22% compared to the previous quarter, and up 121.77% compared to the same period a year ago.

Quanterix Revenue Breakdown


Quanterix Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Product revenue$32.64M$2.63M$505.00K--
Service revenue.$19.09M----
Undelivered licenses of intellectual property-$500.00K$500.00K--
Service-type warranties and research services-$9.60M$7.00M--
Service and other revenue-$11.00K$114.00K--
Product---$580.00K$720.00K
Undelivered Services Related To Initial And Extended Service Type Warranties And Research Services---$4.90M$3.00M
Undelivered Licenses Of Intellectual Property---$500.00K$1.70M
License And Service-----
Service Other---$202.00K$118.00K

Quanterix's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product revenue (63.10%), and Service revenue. (36.90%).

Quarterly Revenue by Product

Product/ServiceMar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19
Grant revenue$274.00K-------------------
Product revenue$7.14M$18.37M$7.24M$7.03M$16.67M$17.69M$9.92M$10.75M$151.00K-----------
Service revenue.$5.29M$14.43M$4.66M-----------------
Undelivered licenses of intellectual property--$10.40M$500.00K$500.00K$500.00K--------------
Service-type warranties and research services---$10.20M-$9.90M--------------
Service and other revenue---$4.50M$3.60M$4.87M$4.25M$68.00K------------
Collaboration and license revenue----$170.00K$301.00K--------------
Undelivered Services Related To Initial And Extended Service Type Warranties And Research Services---------$5.20M$6.10M$5.90M$3.30M$2.80M$3.00M-----
Product---------$111.00K$186.00K$92.00K$182.00K$126.00K$186.00K$120.00K$194.00K$321.00K$126.00K$80.00K
Service Other---------$17.00K$5.00K$24.00K$131.00K$26.00K$21.00K$24.00K$45.00K$31.00K$19.00K$23.00K
Undelivered Licenses Of Intellectual Property---------$500.00K$500.00K$500.00K$500.00K$1.70M$1.70M-----
License And Service----------------$184.00K---

Quanterix's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Product revenue (56.20%), Service revenue. (41.65%), and Grant revenue (2.16%).

Quanterix Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20Dec 19
Asia Pacific$12.56M$480.00K$255.00K$207.00K$171.00K
EMEA$25.51M$2.78M$2.04M--
E M E A---$1.54M$1.32M
North America---$3.17M$3.14M

Quanterix's latest annual revenue breakdown by geography, as of Dec 23: EMEA (67.02%), and Asia Pacific (32.98%).

Quarterly Revenue by Country

CountryMar 24Dec 23Jun 23Mar 23Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18
Asia Pacific$3.71M$12.27M$153.00K$135.00K$124.00K$92.00K$76.00K$66.00K$51.00K$62.00K$46.00K$50.00K$59.00K$52.00K$52.00K$54.00K$28.00K$37.00K$1.33M$550.00K
EMEA$5.31M$24.05M$753.00K$706.00K$688.00K$659.00K$587.00K-------------
E M E A-------$556.00K$458.00K$438.00K$407.00K$372.00K$385.00K$379.00K$496.00K$293.00K$300.00K$234.00K$2.98M$3.53M
North America-------$1.11M$1.10M$971.00K$881.00K$811.00K$731.00K$748.00K$830.00K$806.00K$814.00K$689.00K$6.57M$6.51M

Quanterix's latest quarterly revenue breakdown by geography, as of Mar 24: EMEA (58.87%), and Asia Pacific (41.13%).

Quanterix Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
TCMDTactile Systems$274.42M$73.09M
CTKBCytek Biosciences$193.01M$51.50M
KIDSOrthoPediatrics$148.73M$52.80M
SIBNSI-BONE$138.89M$39.97M
PRCTPROCEPT BioRobotics$136.19M$58.37M
QTRXQuanterix$122.37M$34.38M
SGHTSight Sciences$81.06M$20.16M
LUNGPulmonx$68.67M$20.39M
NPCENeuroPace$65.42M$18.12M
MXCTMaxCyte$41.29M$8.16M
CVRXCVRx$39.30M$13.37M
RPIDRapid Micro Biosystems$22.52M$7.60M
HSCSHeart Test Laboratories$18.60M-
VVOSVivos Therapeutics$13.80M$4.05M
TIVCTivic Health Systems$1.18M$140.00K
OFIXOrthofix Medical$100.00K$198.62M
BBLGBone Biologics--

QTRX Revenue FAQ


Quanterix's yearly revenue for 2023 was $122.37M, representing an increase of 16.59% compared to 2022. The company's yearly revenue for 2022 was $104.95M, representing a decrease of -5.07% compared to 2021. QTRX's yearly revenue for 2021 was $110.56M, representing an increase of 27.99% compared to 2020.

Quanterix's quarterly revenue for Q2 2024 was $34.38M, a 7.22% increase from the previous quarter (Q1 2024), and a 11.36% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $32.07M, a 1.64% increase from the previous quarter (Q4 2023), and a 13.57% increase year-over-year (Q1 2023). QTRX's quarterly revenue for Q4 2023 was $31.55M, a 2.32% increase from the previous quarter (Q3 2023), and a 23.19% increase year-over-year (Q4 2022).

Quanterix's revenue growth rate for the last 3 years (2021-2023) was 10.68%, and for the last 5 years (2019-2023) was 115.69%.

Quanterix's revenue streams in c 23 are Product revenue, and Service revenue.. Product revenue generated $32.64M in revenue, accounting 63.10% of the company's total revenue, up 1139.03% year-over-year. Service revenue. generated $19.09M in revenue, accounting 36.90% of the company's total revenue

For the fiscal year ending Dec 23, the largest source of revenue of Quanterix was Product revenue. This segment made a revenue of $32.64M, representing 63.10% of the company's total revenue.