Quanterix Corp Financials

QTRX Stock  USD 12.33  0.14  1.12%   
Based on the analysis of Quanterix Corp's profitability, liquidity, and operating efficiency, Quanterix Corp is not in a good financial situation at this time. It has a very high probability of going through financial hardship in December. At this time, Quanterix Corp's Other Liabilities is fairly stable compared to the past year. Net Tangible Assets is likely to rise to about 433.4 M in 2024, whereas Total Assets are likely to drop slightly above 245.1 M in 2024. Key indicators impacting Quanterix Corp's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio5.199.8394
Way Down
Slightly volatile
The essential information of the day-to-day investment outlook for Quanterix Corp includes many different criteria found on its balance sheet. An individual investor should monitor Quanterix Corp's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Quanterix Corp.

Net Income

(33.95 Million)

  
Understanding current and past Quanterix Corp Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Quanterix Corp's financial statements are interrelated, with each one affecting the others. For example, an increase in Quanterix Corp's assets may result in an increase in income on the income statement.

Quanterix Corp Earnings Geography

Please note, the imprecision that can be found in Quanterix Corp's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Quanterix Corp. Check Quanterix Corp's Beneish M Score to see the likelihood of Quanterix Corp's management manipulating its earnings.

Quanterix Corp Stock Summary

Quanterix Corp competes with Bone Biologics, Heart Test, Tivic Health, Vivos Therapeutics, and Orthopediatrics Corp. Quanterix Corporation, a life sciences company, engages in development and marketing of digital immunoassay platforms that advances precision health for life sciences research and diagnostics in North America, Europe, the Middle East, Africa, and the Asia Pacific regions. Quanterix Corporation was incorporated in 2007 and is headquartered in Billerica, Massachusetts. Quanterix Corp operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 460 people.
Specialization
Health Care, Pharmaceuticals, Biotechnology & Life Sciences
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS74766Q1013
CUSIP74766Q101
LocationMassachusetts; U.S.A
Business AddressBuilding 1, Billerica,
SectorLife Sciences Tools & Services
IndustryHealth Care
BenchmarkDow Jones Industrial
Websitewww.quanterix.com
Phone617 301 9400
CurrencyUSD - US Dollar

Quanterix Corp Key Financial Ratios

Quanterix Corp Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets170.0M271.0M501.5M434.2M425.0M245.1M
Other Current Liab9.3M17.3M18.1M12.9M14.7M11.4M
Other Liab13.9M3.2M3.1M2.9M3.3M3.8M
Net Tangible Assets105.0M206.1M420.8M358.9M412.8M433.4M
Net Debt(101.5M)(150.8M)(374.6M)(294.6M)(133.0M)(139.6M)
Retained Earnings(216.2M)(247.8M)(305.5M)(402.2M)(434.5M)(412.8M)
Accounts Payable5.8M6.8M9.2M3.8M5.0M5.3M
Cash109.2M181.6M396.5M338.7M174.4M165.9M
Other Assets1.6M13.4M3.0M3.9M4.5M3.3M
Net Receivables10.9M17.2M23.8M19.0M25.4M14.0M
Inventory10.5M14.9M22.2M16.8M22.4M12.1M
Other Current Assets2.1M12.0M13.0M6.9M9.3M5.7M
Total Liab41.3M64.9M60.6M75.3M78.1M51.1M
Total Current Assets132.7M219.6M449.0M381.4M378.4M214.1M
Short Term Debt75K10.1M2.9M5.4M8.5M4.3M
Capital Surpluse345.0M451.4M745.9M763.7M878.2M501.1M
Net Invested Capital136.3M213.8M441.0M358.9M346.9M254.7M
Net Working Capital112.8M179.8M412.0M350.4M339.9M236.6M

Quanterix Corp Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket.
201920202021202220232024 (projected)
Interest Expense627K273K403K5.1M15.8M16.6M
Total Revenue56.7M86.4M110.6M105.0M122.4M69.8M
Gross Profit26.8M48.2M61.7M46.2M70.6M36.1M
Operating Income(41.6M)(31.6M)(58.6M)(72.4M)(49.7M)(52.2M)
Ebit(41.6M)(31.6M)(58.6M)(73.1M)(48.2M)(50.6M)
Research Development16.2M20.2M28.0M25.9M24.9M21.2M
Ebitda(41.6M)(27.3M)(53.7M)(65.7M)(39.8M)(41.8M)
Cost Of Revenue29.9M38.2M48.8M58.7M51.7M33.8M
Income Before Tax(41.0M)(31.9M)(57.7M)(96.6M)(31.6M)(33.2M)
Net Income(40.8M)(31.5M)(57.7M)(96.7M)(32.3M)(34.0M)
Income Tax Expense(187K)(376K)(36K)65K719K755.0K
Net Interest Income627K(273K)(403K)5.1M14.3M15.1M
Tax Provision(187K)(376K)(36K)65K633K664.7K

Quanterix Corp Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Quanterix Corp. It measures of how well Quanterix is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Quanterix Corp brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Quanterix had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Quanterix Corp has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change To Inventory(3.4M)(5.1M)(8.1M)5.4M(5.4M)(5.1M)
Investments(25.4M)(626K)(6.3M)(11.2M)(128.4M)(121.9M)
Change In Cash64.8M72.4M216.5M(57.7M)(164.3M)(156.1M)
Net Borrowings(1.9M)(50K)(75K)(7.7M)(7.0M)(6.6M)
Free Cash Flow(37.0M)(27.3M)(61.5M)(60.0M)(22.7M)(23.8M)
Depreciation3.0M4.3M4.9M5.3M8.4M8.8M
Other Non Cash Items700K808K340K25.8M92K87.4K
Capital Expenditures10.8M3.9M13.6M11.7M3.8M5.8M
Net Income(40.8M)(31.5M)(57.7M)(96.7M)(32.3M)(34.0M)
End Period Cash Flow110.2M182.6M399.0M341.3M177.0M167.1M
Change To Netincome6.6M10.4M16.3M40.3M46.3M48.7M
Change Receivables(3.4M)(6.2M)(6.9M)5.2M5.9M6.2M

Quanterix Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Quanterix Corp's current stock value. Our valuation model uses many indicators to compare Quanterix Corp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Quanterix Corp competition to find correlations between indicators driving Quanterix Corp's intrinsic value. More Info.
Quanterix Corp is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . At this time, Quanterix Corp's Return On Equity is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Quanterix Corp's earnings, one of the primary drivers of an investment's value.

Quanterix Corp's Earnings Breakdown by Geography

Quanterix Corp Systematic Risk

Quanterix Corp's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Quanterix Corp volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Quanterix Corp correlated with the market. If Beta is less than 0 Quanterix Corp generally moves in the opposite direction as compared to the market. If Quanterix Corp Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Quanterix Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Quanterix Corp is generally in the same direction as the market. If Beta > 1 Quanterix Corp moves generally in the same direction as, but more than the movement of the benchmark.

Quanterix Corp Thematic Clasifications

Quanterix Corp is part of Measuring and Control Equipment investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Measuring and Control Equipment industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
Measuring and Control EquipmentView
This theme covers USA Equities from Measuring and Control Equipment industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in Quanterix Corp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Quanterix Corp's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Quanterix Corp growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.5

At this time, Quanterix Corp's Price Earnings To Growth Ratio is fairly stable compared to the past year.

Quanterix Corp November 30, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Quanterix Corp help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Quanterix Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Quanterix Corp based on widely used predictive technical indicators. In general, we focus on analyzing Quanterix Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Quanterix Corp's daily price indicators and compare them against related drivers.

Additional Tools for Quanterix Stock Analysis

When running Quanterix Corp's price analysis, check to measure Quanterix Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Quanterix Corp is operating at the current time. Most of Quanterix Corp's value examination focuses on studying past and present price action to predict the probability of Quanterix Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quanterix Corp's price. Additionally, you may evaluate how the addition of Quanterix Corp to your portfolios can decrease your overall portfolio volatility.