Quanterix (QTRX) Revenue & Revenue Breakdown
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 | $317.00K |
| CTKB | Cytek Biosciences | $193.01M | $46.62M |
| KIDS | OrthoPediatrics | $148.73M | $52.80M |
| SIBN | SI-BONE | $138.89M | $39.97M |
| PRCT | PROCEPT BioRobotics | $136.19M | $53.35M |
| QTRX | Quanterix | $122.37M | $34.38M |
| SGHT | Sight Sciences | $81.06M | $21.37M |
| LUNG | Pulmonx | $68.67M | $20.78M |
| NPCE | NeuroPace | $65.42M | $18.12M |
| MXCT | MaxCyte | $41.29M | $11.34M |
| CVRX | CVRx | $39.30M | $11.81M |
| RPID | Rapid Micro Biosystems | $22.52M | $6.62M |
| HSCS | Heart Test Laboratories | $18.60M | - |
| VVOS | Vivos Therapeutics | $13.80M | $4.05M |
| TIVC | Tivic Health Systems | $1.18M | $140.00K |
| 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.