Quanterix (QTRX) Work In Process (2017 - 2024)
Quanterix's (QTRX) quarterly Work In Process came in at $7.4 million in Q1 2024, up 55.47% YoY from $4.7 million in Q2 2023, and up 65.05% on a QoQ basis from $4.5 million in Q4 2023.
Quanterix (QTRX) Work In Process (2017 - 2024) Analysis & Trends
Quanterix (QTRX) has 8 years of Work In Process data on file, last reported at $7.4 million in Q1 2024.
- Quarterly Work In Process rose 55.47% year-over-year to $7.4 million in Q1 2024, while the trailing twelve-month figure through Mar 2024 was $7.4 million (up 55.47% YoY) and the FY2023 annual result came in at $4.5 million, up 32.84% from the prior year.
- Work In Process grew to $7.4 million in Q1 2024, from $4.5 million in the prior quarter.
- In the past five years, Work In Process ranged from a high of $7.4 million in Q1 2024 to a low of $2.6 million in Q1 2020.
- A 5-year average of $4.2 million and a median of $4.1 million in 2021 frame the typical range for Work In Process.
- Annual changes were most pronounced in 2022 — Work In Process plunged 31.71% — and 2023, when it soared 62.59%.
- Tracing QTRX's Work In Process over 5 years: stood at $3.3 million in 2020, then jumped by 48.91% to $4.9 million in 2021, then sank by 31.71% to $3.4 million in 2022, then jumped by 32.84% to $4.5 million in 2023, then soared by 65.05% to $7.4 million in 2024.
- The last three Work In Process figures came in at $7.4 million (Q1 2024), $4.5 million (Q4 2023), and $4.9 million (Q3 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Abbott Laboratories | 198.70 Bn | 193.10 Bn | 7.27 Bn |
| 2 | Stryker | 125.85 Bn | 122.37 Bn | 4.50 Bn |
| 3 | Medtronic | 118.44 Bn | 109.22 Bn | 6.41 Bn |
| 4 | Boston Scientific | 72.64 Bn | 72.10 Bn | 3.85 Bn |
| 5 | Edwards Lifesciences | 51.94 Bn | 47.69 Bn | 1.35 Bn |
| 6 | Dexcom | 34.48 Bn | 32.53 Bn | 830.00 Mn |
| 7 | GE HealthCare Technologies | 33.60 Bn | 31.49 Bn | 2.18 Bn |
| 8 | Koninklijke Philips | 26.30 Bn | 22.98 Bn | 4.55 Bn |
| 9 | Steris | 23.00 Bn | 22.52 Bn | 684.20 Mn |
| 10 | Quanterix | 146.22 Mn | 52.69 Mn | 12.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 7.37 Mn |
| Dec 31, 2023 | 4.47 Mn |
| Sep 30, 2023 | 4.91 Mn |
| Jun 30, 2023 | 5.52 Mn |
| Mar 31, 2023 | 4.74 Mn |
| Dec 31, 2022 | 3.36 Mn |
| Sep 30, 2022 | 3.49 Mn |
| Jun 30, 2022 | 3.40 Mn |
| Mar 31, 2022 | 4.07 Mn |
| Dec 31, 2021 | 4.92 Mn |
| Sep 30, 2021 | 4.24 Mn |
| Jun 30, 2021 | 4.18 Mn |
| Mar 31, 2021 | 4.01 Mn |
| Dec 31, 2020 | 3.31 Mn |
| Sep 30, 2020 | 2.99 Mn |
| Mar 31, 2020 | 2.62 Mn |
| Dec 31, 2019 | 2.57 Mn |
| Sep 30, 2019 | 2.40 Mn |
| Jun 30, 2019 | 2.33 Mn |
| Mar 31, 2019 | 2.66 Mn |