T2 Biosystems (TTOO) Revenue & Revenue Breakdown
T2 Biosystems Revenue Highlights
Latest Revenue (Y)
$7.19M
Latest Revenue (Q)
$1.95M
Main Segment (Y)
Product
Main Geography (Y)
Non-US
T2 Biosystems Revenue by Period
T2 Biosystems Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $7.19M | -67.75% |
| 2022-12-31 | $22.30M | -20.50% |
| 2021-12-31 | $28.06M | 54.76% |
| 2020-12-31 | $18.13M | 117.52% |
| 2019-12-31 | $8.34M | -20.62% |
| 2018-12-31 | $10.50M | 125.03% |
| 2017-12-31 | $4.67M | 14.36% |
| 2016-12-31 | $4.08M | 45.04% |
| 2015-12-31 | $2.81M | 2263.87% |
| 2014-12-31 | $119.00K | -55.26% |
| 2013-12-31 | $266.00K | 1300.00% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $1.95M | -5.29% |
| 2024-03-31 | $2.06M | 22.75% |
| 2023-12-31 | $1.68M | 14.06% |
| 2023-09-30 | $1.47M | -25.05% |
| 2023-06-30 | $1.96M | -5.49% |
| 2023-03-31 | $2.08M | -62.10% |
| 2022-12-31 | $5.48M | 49.12% |
| 2022-09-30 | $3.68M | -37.79% |
| 2022-06-30 | $5.91M | -18.29% |
| 2022-03-31 | $7.23M | 3.64% |
| 2021-12-31 | $6.98M | -6.03% |
| 2021-09-30 | $7.43M | 10.97% |
| 2021-06-30 | $6.69M | -3.77% |
| 2021-03-31 | $6.96M | -10.68% |
| 2020-12-31 | $7.79M | 48.48% |
| 2020-09-30 | $5.25M | 105.53% |
| 2020-06-30 | $2.55M | 0.28% |
| 2020-03-31 | $2.54M | -17.07% |
| 2019-12-31 | $3.07M | 83.01% |
| 2019-09-30 | $1.68M | -7.04% |
| 2019-06-30 | $1.80M | 1.06% |
| 2019-03-31 | $1.78M | -0.39% |
| 2018-12-31 | $1.79M | -27.33% |
| 2018-09-30 | $2.47M | -37.27% |
| 2018-06-30 | $3.93M | 70.10% |
| 2018-03-31 | $2.31M | 39.13% |
| 2017-12-31 | $1.66M | 49.91% |
| 2017-09-30 | $1.11M | 15.90% |
| 2017-06-30 | $956.00K | 1.59% |
| 2017-03-31 | $941.00K | 3.41% |
| 2016-12-31 | $910.00K | -16.05% |
| 2016-09-30 | $1.08M | 9.49% |
| 2016-06-30 | $990.00K | -9.67% |
| 2016-03-31 | $1.10M | 8.41% |
| 2015-12-31 | $1.01M | -3.62% |
| 2015-09-30 | $1.05M | 85.99% |
| 2015-06-30 | $564.00K | 200.00% |
| 2015-03-31 | $188.00K | 57.98% |
| 2014-12-31 | $119.00K | 100.00% |
| 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 | $120.00K | 100.00% |
| 2013-03-31 | - | - |
T2 Biosystems generated $1.95M in revenue during Q2 2024, up -5.29% compared to the previous quarter, and up 93.94% compared to the same period a year ago.
T2 Biosystems Revenue Breakdown
T2 Biosystems Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 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/Service | Mar 24 | Dec 23 | Jun 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 | Dec 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
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 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
| Country | Mar 24 | Dec 23 | Jun 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| TMO | Thermo Fisher Scientific | $42.86B | $10.54B |
| DHR | Danaher | $14.03B | $3.43B |
| ILMN | Illumina | $4.50B | $1.08B |
| IDXX | IDEXX Laboratories | $3.66B | $1.00B |
| WAT | Waters | $2.96B | $708.53M |
| BIOC | Biocept | $25.86M | $589.00K |
| ISPC | iSpecimen | $9.93M | $2.86M |
| GENE | Genetic | $8.69M | $3.96M |
| TTOO | T2 Biosystems | $7.19M | $1.95M |
| HTGM | HTG Molecular Diagnostics | $6.37M | $1.03M |
| INBS | Intelligent Bio Solutions | $1.26M | $823.80K |
| SQL | SeqLL | $1.18K | - |
| BIAF | bioAffinity | - | $2.41B |
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 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). The company'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). TTOO's quarterly revenue for Q4 2023 was $1.68M, a 14.06% increase from the previous quarter (Q3 2023), and a -69.38% decrease year-over-year (Q4 2022).
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.