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T2 Biosystems (TTOO) Revenue & Revenue Breakdown

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T2 Biosystems Revenue Highlights

Latest Revenue (Y)

$7.19M

Latest Revenue (Q)

$1.99M

Main Segment (Y)

Product

Main Geography (Y)

Non-US

T2 Biosystems Revenue by Period

T2 Biosystems Revenue by Year

DateRevenueChange
2023-12-31$7.19M-67.75%
2022-12-31$22.30M-20.50%
2021-12-31$28.06M54.76%
2020-12-31$18.13M117.52%
2019-12-31$8.34M-20.62%
2018-12-31$10.50M125.03%
2017-12-31$4.67M14.36%
2016-12-31$4.08M45.04%
2015-12-31$2.81M2263.87%
2014-12-31$119.00K-55.26%
2013-12-31$266.00K1300.00%
2012-12-31$19.00K-

T2 Biosystems generated $7.19M in revenue during NA 2023, up -67.75% compared to the previous quarter, and up 68.50% compared to the same period a year ago.

T2 Biosystems Revenue by Quarter

DateRevenueChange
2024-09-30$1.99M1.69%
2024-06-30$1.95M-5.29%
2024-03-31$2.06M22.75%
2023-12-31$1.68M14.06%
2023-09-30$1.47M-25.05%
2023-06-30$1.96M-5.49%
2023-03-31$2.08M-62.10%
2022-12-31$5.48M49.12%
2022-09-30$3.68M-37.79%
2022-06-30$5.91M-18.29%
2022-03-31$7.23M3.64%
2021-12-31$6.98M-6.03%
2021-09-30$7.43M10.97%
2021-06-30$6.69M-3.77%
2021-03-31$6.96M-10.68%
2020-12-31$7.79M48.48%
2020-09-30$5.25M105.53%
2020-06-30$2.55M0.28%
2020-03-31$2.54M-17.07%
2019-12-31$3.07M83.01%
2019-09-30$1.68M-7.04%
2019-06-30$1.80M1.06%
2019-03-31$1.78M-0.39%
2018-12-31$1.79M-27.33%
2018-09-30$2.47M-37.27%
2018-06-30$3.93M70.10%
2018-03-31$2.31M39.13%
2017-12-31$1.66M49.91%
2017-09-30$1.11M15.90%
2017-06-30$956.00K1.59%
2017-03-31$941.00K3.41%
2016-12-31$910.00K-16.05%
2016-09-30$1.08M9.49%
2016-06-30$990.00K-9.67%
2016-03-31$1.10M8.41%
2015-12-31$1.01M-3.62%
2015-09-30$1.05M85.99%
2015-06-30$564.00K200.00%
2015-03-31$188.00K57.98%
2014-12-31$119.00K100.00%
2014-09-30-100.00%
2014-06-30-100.00%
2014-03-31--100.00%
2013-12-31$55.00K-39.56%
2013-09-30$91.00K-24.17%
2013-06-30$120.00K100.00%
2013-03-31--

T2 Biosystems generated $1.99M in revenue during Q3 2024, up 1.69% compared to the previous quarter, and up 101.07% compared to the same period a year ago.

T2 Biosystems Revenue Breakdown

T2 Biosystems Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Instrument Rentals$124.00K$78.00K$71.00K$115.00K$184.00K
Service$476.00K$694.00K---
Product$6.77M$11.26M$16.65M$11.68M$5.33M
Product Instruments$1.33M$2.30M$2.06M$3.14M$2.28M
Product Consumables$4.84M$8.19M$14.51M$8.42M$2.86M
Contribution Revenue$423.00K$11.05M$11.41M$6.44M$2.44M
Research Service---$11.00K$563.00K

T2 Biosystems's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product (48.49%), Product Consumables (34.68%), Product Instruments (9.51%), Service (3.41%), Contribution Revenue (3.03%), and Instrument Rentals (0.89%).

Quarterly Revenue by Product

Product/ServiceMar 24Dec 23Jun 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18
Product Consumables$1.41M$1.39M$1.24M$1.74M$1.82M$1.67M$2.95M$3.36M$3.77M$3.18M$4.21M$4.49M$2.33M$853.00K$745.00K$809.00K$604.00K$717.00K$733.00K$458.00K
Product Instruments$464.00K$193.00K$550.00K$-226.00K$814.00K$838.00K$876.00K$637.00K$522.00K$480.00K$425.00K$1.32M$1.40M$170.00K$247.00K$740.00K$543.00K$462.00K$535.00K$682.00K
Product$2.06M$1.68M$1.96M$2.21M$2.64M$2.56M$3.84M$4.01M$4.31M$3.68M$4.65M$5.83M$3.76M$1.04M$1.04M$1.56M$1.18M$1.27M$1.31M$1.32M
Service$129.00K$94.00K$127.00K-----------------
Instrument Rentals$63.00K$3.00K$49.00K$4.00K$5.00K$51.00K$18.00K$14.00K$19.00K$19.00K$19.00K$21.00K$23.00K$18.00K$53.00K$13.00K$30.00K$95.00K$46.00K$179.00K
Contribution Revenue--$423.00K$3.27M$1.04M$3.35M$3.39M$2.97M$3.12M$3.02M$2.31M$1.95M$1.49M$1.50M$1.50M$1.21M$444.00K$459.00K$329.00K-
Research Service-------------$11.00K$294.00K$56.00K$71.00K$142.00K$473.00K-

T2 Biosystems's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Product (50.00%), Product Consumables (34.09%), Product Instruments (11.26%), Service (3.13%), and Instrument Rentals (1.53%).

T2 Biosystems Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20Dec 19
ITALY$1.30M----
Non-US$2.70M$3.90M---
Non Us--$2.30M$2.00M$2.80M

T2 Biosystems's latest annual revenue breakdown by geography, as of Dec 23: Non-US (67.50%), and ITALY (32.50%).

Quarterly Revenue by Country

CountryMar 24Dec 23Jun 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19
ITALY$400.00K-$700.00K----------------
AUSTRIA$300.00K------------------
Non-US$1.00M$1.20M$1.00M$700.00K---------------
Non Us----$1.20M$1.00M$1.00M$700.00K$600.00K$500.00K$500.00K$600.00K$600.00K$300.00K$400.00K$1.00M$600.00K$600.00K$600.00K

T2 Biosystems's latest quarterly revenue breakdown by geography, as of Mar 24: Non-US (58.82%), ITALY (23.53%), and AUSTRIA (17.65%).

T2 Biosystems Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
TMOThermo Fisher Scientific$42.86B$10.60B
DHRDanaher$14.03B$3.40B
ILMNIllumina$4.50B$1.08B
IDXXIDEXX Laboratories$3.66B$975.54M
WATWaters$2.96B$740.30M
BIOCBiocept$25.86M$589.00K
ISPCiSpecimen$9.93M$2.86M
GENEGenetic$8.69M$3.96M
TTOOT2 Biosystems$7.19M$1.99M
HTGMHTG Molecular Diagnostics$6.37M$1.03M
INBSIntelligent Bio Solutions$3.11M$872.29K
SQLSeqLL$1.18K-
BIAFbioAffinity-$2.35M

TTOO Revenue FAQ

What is T2 Biosystems’s yearly revenue?

T2 Biosystems's yearly revenue for 2023 was $7.19M, representing a decrease of -67.75% compared to 2022. The company's yearly revenue for 2022 was $22.3M, representing a decrease of -20.50% compared to 2021. TTOO's yearly revenue for 2021 was $28.06M, representing an increase of 54.76% compared to 2020.

What is T2 Biosystems’s quarterly revenue?

T2 Biosystems's quarterly revenue for Q3 2024 was $1.98M, a 1.69% increase from the previous quarter (Q2 2024), and a 34.85% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $1.95M, a -5.29% decrease from the previous quarter (Q1 2024), and a -0.61% decrease year-over-year (Q2 2023). TTOO's quarterly revenue for Q1 2024 was $2.06M, a 22.75% increase from the previous quarter (Q4 2023), and a -0.82% decrease year-over-year (Q1 2023).

What is T2 Biosystems’s revenue growth rate?

T2 Biosystems's revenue growth rate for the last 3 years (2021-2023) was -74.36%, and for the last 5 years (2019-2023) was -13.70%.

What are T2 Biosystems’s revenue streams?

T2 Biosystems's revenue streams in c 23 are Instrument Rentals, Service, Product, Product Instruments, Product Consumables, and Contribution Revenue. Instrument Rentals generated $124K in revenue, accounting 0.89% of the company's total revenue, up 58.97% year-over-year. Service generated $476K in revenue, accounting 3.41% of the company's total revenue, down -31.41% year-over-year. Product generated $6.77M in revenue, accounting 48.49% of the company's total revenue, down -39.87% year-over-year. Product Instruments generated $1.33M in revenue, accounting 9.51% of the company's total revenue, down -42.31% year-over-year. Product Consumables generated $4.84M in revenue, accounting 34.68% of the company's total revenue, down -40.84% year-over-year. Contribution Revenue generated $423K in revenue, accounting 3.03% of the company's total revenue, down -96.17% year-over-year.

What is T2 Biosystems’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of T2 Biosystems was Product. This segment made a revenue of $6.77M, representing 48.49% of the company's total revenue.