Quanterix (NASDAQ:QTRX) Third Quarter 2022 Results
Key Financial Results
Revenue: US$26.6m (down 3.8% from 3Q 2021).
Net loss: US$35.1m (loss widened by 124% from 3Q 2021).
US$0.95 loss per share (further deteriorated from US$0.43 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Quanterix Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 10.0%. Earnings per share (EPS) missed analyst estimates by 126%.
Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Life Sciences industry in the US.
The company's shares are down 7.8% from a week ago.
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Quanterix (1 is a bit unpleasant) you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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