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

Date	Revenue	Change
2023-12-31	$122.37M	16.59%
2022-12-31	$104.95M	-5.07%
2021-12-31	$110.56M	27.99%
2020-12-31	$86.38M	52.25%
2019-12-31	$56.73M	50.76%
2018-12-31	$37.63M	64.52%
2017-12-31	$22.87M	30.08%
2016-12-31	$17.59M	44.38%
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

Date	Revenue	Change
2024-06-30	$34.38M	7.22%
2024-03-31	$32.07M	1.64%
2023-12-31	$31.55M	2.32%
2023-09-30	$30.84M	-0.12%
2023-06-30	$30.87M	9.35%
2023-03-31	$28.23M	10.24%
2022-12-31	$25.61M	-2.86%
2022-09-30	$26.36M	12.55%
2022-06-30	$23.43M	-20.73%
2022-03-31	$29.55M	-2.43%
2021-12-31	$30.29M	13.52%
2021-09-30	$26.68M	9.21%
2021-06-30	$24.43M	-1.96%
2021-03-31	$24.92M	-4.64%
2020-12-31	$26.13M	-11.30%
2020-09-30	$29.46M	124.37%
2020-06-30	$13.13M	-16.51%
2020-03-31	$15.73M	-1.19%
2019-12-31	$15.92M	6.51%
2019-09-30	$14.94M	10.40%
2019-06-30	$13.54M	9.72%
2019-03-31	$12.34M	13.42%
2018-12-31	$10.88M	2.70%
2018-09-30	$10.59M	22.54%
2018-06-30	$8.64M	72.38%
2018-03-31	$5.01M	-23.90%
2017-12-31	$6.59M	14.91%
2017-09-30	$5.73M	9.99%
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/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 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/Service	Mar 24	Dec 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 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

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 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

Country	Mar 24	Dec 23	Jun 23	Mar 23	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 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

Ticker	Company	Last Year Revenue	Last Quarter Revenue
TCMD	Tactile Systems	$274.42M	$73.09M
CTKB	Cytek Biosciences	$193.01M	$51.50M
KIDS	OrthoPediatrics	$148.73M	$52.80M
SIBN	SI-BONE	$138.89M	$40.34M
PRCT	PROCEPT BioRobotics	$136.19M	$58.37M
QTRX	Quanterix	$122.37M	$34.38M
SGHT	Sight Sciences	$81.06M	$20.16M
LUNG	Pulmonx	$68.67M	$20.39M
NPCE	NeuroPace	$65.42M	$21.06M
MXCT	MaxCyte	$41.29M	$8.16M
CVRX	CVRx	$39.30M	$13.37M
RPID	Rapid Micro Biosystems	$22.52M	$7.60M
HSCS	Heart Test Laboratories	$18.60M	-
VVOS	Vivos Therapeutics	$13.80M	$3.86M
TIVC	Tivic Health Systems	$1.18M	$126.00K
OFIX	Orthofix Medical	$100.00K	$198.62M
BBLG	Bone Biologics	-	-

QTRX Revenue FAQ

What is Quanterix’s yearly revenue?

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.

What is Quanterix’s quarterly revenue?

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).

What is Quanterix’s revenue growth rate?

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%.

What are Quanterix’s revenue streams?

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

What is Quanterix’s main source of 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.