Quanterix Falls 8% After Revenue Miss, Akoya Integration Costs Bite

Quanterix shares dropped 8% after the diagnostics company reported second-quarter revenue that missed analyst estimates and warned that integration costs from its Akoya acquisition would pressure margins through the end of the year.

The company posted revenue of $33.2 million, below the $35.1 million consensus compiled by Bloomberg. The shortfall came from its core Simoa platform, where consumables sales grew 12% year-over-year but fell short of internal forecasts, Chief Financial Officer Vandana Sriram said on the earnings call.

Quanterix repeated its full-year revenue guidance of $140 million to $145 million, a range that implies second-half acceleration of roughly 15% at the midpoint. Several analysts on the call pressed management on the timing, given the first-half run rate of about $64 million.

The Akoya acquisition, which closed in April, contributed $3.8 million in revenue during the quarter. Integration costs ran $2.1 million, higher than the $1.5 million the company had modeled, Sriram said. She attributed the overrun to IT system migration and facility consolidation in the Boston area.