Product Revenue was Quanterix’s largest product and service line in fiscal 2023, bringing in $19.36M of $28.46M (68%).
| Product and Service | FY 2016 | FY 2017 | FY 2017 | FY 2017 | FY 2017 | FY 2018 | FY 2018 | FY 2018 | FY 2018 | FY 2019 | FY 2019 | FY 2019 | FY 2020 | FY 2020 | FY 2020 | FY 2020 | FY 2022 | FY 2022 | FY 2022 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Product Revenue | $9.83M | $6.79M | $11.66M | — | $20.66M | $35.44M | $53.13M | $19.36M | ||||||||||||
| Service & Other Revenue | $5.76M | $6.32M | $6.55M | — | $8.81M | $17.36M | $8.37M | $8.51M | ||||||||||||
| Collaboration & License Revenue | $132.00K | $23.00K | $11.25M | — | $86.00K | $178.00K | $479.00K | $368.00K | ||||||||||||
| Grant Revenue | — | — | $1.93M | $4.36M | — | $75.00K | $357.00K | $222.00K | ||||||||||||
| Total | $15.73M | $13.13M | $31.39M | $4.36M | $29.55M | $53.05M | $62.34M | $28.46M |
Quanterix brought in $28.46M from its four product and service lines in fiscal 2023, the year ended March 31, 2023. That was down 54.4% from $62.34M in fiscal 2022. Product Revenue was the largest at $19.36M (68.0%), ahead of Service & Other Revenue at $8.51M (29.9%) and Collaboration & License Revenue at $368.00K (1.3%). The remaining line, Grant Revenue, brought in $222.00K.
Compared with fiscal 2022, Service & Other Revenue grew 1.6% to $8.51M, while Product Revenue fell 63.6% to $19.36M.
As Previously Reported was Quanterix’s largest revenue line in fiscal 2023, bringing in $58.64M of $59.14M (99%).
| Restatement | FY 2021 | FY 2022 | FY 2022 | FY 2022 | FY 2023 | FY 2023 | FY 2023 |
|---|---|---|---|---|---|---|---|
| As Previously Reported | $81.06M | $20.66M | $88.49M | $52.37M | $19.29M | $79.18M | $58.64M |
| Adjustments | — | — | — | — | $73.00K | -$295.00K | $505.00K |
| Total | $81.06M | $20.66M | $88.49M | $52.37M | $19.36M | $78.88M | $59.14M |
Quanterix brought in $59.14M from its two revenue lines in fiscal 2023, the year ended September 30, 2023. That was down 25.0% from $78.88M in fiscal 2023. As Previously Reported was the largest at $58.64M (99.1%), ahead of Adjustments at $505.00K (0.9%).
Quanterix began breaking out Adjustments in fiscal 2023, when it brought in $73.00K.
Balances Without Adoption Of Asu 606 was Quanterix’s largest revenue line in fiscal 2019, bringing in $40.55M of $40.82M (99%).
| Initial Application Period Cumulative Effect Transition | FY 2019 |
|---|---|
| Balances Without Adoption Of Asu 606 | $40.55M |
| Adjustments | $273.00K |
| Total | $40.82M |
Quanterix brought in $40.82M from its two revenue lines in fiscal 2019, the year ended December 31, 2019. Balances Without Adoption Of Asu 606 was the largest at $40.55M (99.3%), ahead of Adjustments at $273.00K (0.7%).
Quanterix (QTRX) reports its revenue by product and service, by restatement and by initial application period cumulative effect transition. In fiscal 2023, Product Revenue was its largest product and service line, bringing in $19.36M (68.0% of the total), followed by Service & Other Revenue at $8.51M (29.9%).
Product Revenue was Quanterix's largest product and service line in fiscal 2023, bringing in $19.36M, or 68.0% of the $28.46M total across its four product and service lines.
As Previously Reported was Quanterix's largest revenue line in fiscal 2023, bringing in $58.64M, or 99.1% of the $59.14M total across its two revenue lines.
Service & Other Revenue grew faster than Product Revenue in fiscal 2023, up 1.6% from $8.37M to $8.51M. Product Revenue fell 63.6% to $19.36M.
Every figure comes from Quanterix's annual financial filings, as reported. Each line keeps the name Quanterix gives it, and years follow its fiscal calendar.
Quanterix's revenue by product and service goes back to fiscal 2016, with figures through fiscal 2023. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.