Financial Performance - Total revenues for the three months ended September 30, 2024, were $35,813,000, an increase of 13.5% compared to $31,559,000 for the same period in 2023[22]. - Product revenue for the nine months ended September 30, 2024, was $59,251,000, up from $58,849,000 in the prior year, reflecting a growth of 0.7%[22]. - Gross profit for the three months ended September 30, 2024, was $20,153,000, compared to $19,409,000 for the same period in 2023, indicating a gross margin improvement[22]. - Net loss for the three months ended September 30, 2024, was $8,353,000, compared to a net loss of $6,716,000 for the same period in 2023, representing a 24.4% increase in losses[22]. - Total revenues increased by $11.4 million, or 13%, to $102.3 million for the nine months ended September 30, 2024, compared to $90.8 million for the same period in 2023[68]. - The net loss for the nine months ended September 30, 2024, was $26.9 million, compared to a net loss of $19.5 million for the same period in 2023, representing a 38% increase in loss[67]. Cash and Assets - Cash and cash equivalents decreased to $29,339,000 as of September 30, 2024, from $174,422,000 as of December 31, 2023[18]. - Total assets decreased to $411,026,000 as of September 30, 2024, down from $428,567,000 as of December 31, 2023[18]. - Cash and cash equivalents at the end of the period on September 30, 2024, is $31,948,000, down from $203,863,000 at the end of September 30, 2023[38]. - Total stockholders' equity as of September 30, 2024, is $338,882,000, down from $349,958,000 as of December 31, 2023[28]. - Total financial assets amounted to $277.2 million, with cash equivalents at $13.0 million and marketable securities at $264.2 million[143]. Expenses - Research and development expenses for the nine months ended September 30, 2024, were $23,015,000, compared to $18,854,000 for the same period in 2023, reflecting a 22.9% increase[22]. - Selling, general and administrative expenses increased by $7.4 million, or 11%, to $73.0 million for the nine months ended September 30, 2024, compared to $65.6 million for the same period in 2023[86]. - Stock-based compensation expense for the nine months ended September 30, 2024, is $15,150,000, an increase from $12,497,000 for the same period in 2023[38]. - Total stock-based compensation expense for the three months ended September 30, 2024, was $4.657 million, compared to $4.344 million for the same period in 2023, representing an increase of 7.2%[168]. Revenue Sources - Service revenue rose to $39.3 million, an increase of $9.5 million, or 32%, primarily driven by higher volumes in Accelerator Laboratory services[70]. - Collaboration and license revenue increased by $1.5 million, or 123%, to $2.8 million, mainly due to LDT-related license revenue[72]. - Revenue recognized from the UltraDx Agreement was $1.1 million for the nine months ended September 30, 2024, down from $1.4 million for the same period in 2023[107]. - Revenue from the Lilly Collaboration Agreement was $1.5 million for the three months ended September 30, 2024, compared to $4.5 million for the same period in 2023[110]. Inventory and Marketable Securities - Total inventory as of September 30, 2024, was $32.97 million, up from $26.12 million as of December 31, 2023[162]. - Purchases of marketable securities for the nine months ended September 30, 2024, totaled $270,972,000, compared to $125,200,000 for the same period in 2023[38]. - The company did not sell any marketable securities or record any realized gains or losses for the nine months ended September 30, 2024[141]. Operational Insights - The company launched Lucent Diagnostics clinical testing services in July 2023, expanding its offerings in biomarker testing[58]. - Quanterix's Simoa technology enables the detection of protein biomarkers in femtomolar concentrations, facilitating advancements in diagnostics and therapeutics[57]. - The company expects continued growth in Accelerator Laboratory services throughout 2024[70]. - The company anticipates ongoing increases in research and development expenses due to investments in new instrument and assay development[85]. - The company expects softness in instrument sales to continue throughout 2024 due to a constrained capital funding environment[69]. Compliance and Internal Controls - As of September 30, 2024, the company's disclosure controls and procedures were deemed not effective at a reasonable assurance level due to ongoing remediation efforts for material weaknesses in internal control over financial reporting[198]. - The company has engaged accounting advisory consultants to implement new software solutions for automating key manual inventory valuation processes, which began in Q2 2024[207]. - Remediation of the Property and Equipment material weakness is expected to continue through fiscal year 2024, while remediation of the Inventory Valuation material weakness is anticipated to extend into fiscal year 2025[210]. - The company has hired a Head of SOX Transformation to oversee the remediation of material weaknesses and improve internal controls[209]. Miscellaneous - The company is not currently a party to any pending or threatened litigation that would materially affect its financial condition or results of operations[202]. - The company announced an agreement to acquire Emission and is regularly assessing other potential acquisitions[124].

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Quanterix Corporation due to allegations of materially misleading business information issued by the company [1]. Group 1: Legal Action and Investor Rights - Shareholders who purchased Quanterix securities may be entitled to compensation through a contingency fee arrangement, with a class action being prepared to seek recovery of investor losses [2]. - Investors are encouraged to join the prospective class action by contacting Rosen Law Firm for more information [2]. Group 2: Financial Reporting Issues - On November 12, 2024, Quanterix filed a current report with the SEC, stating that its previously issued audited consolidated financial statements for the years ended December 31, 2023, and 2022, as well as various unaudited financial statements for multiple periods, should no longer be relied upon [3]. - Following this announcement, Quanterix's stock price dropped by $2.77 per share, or 18.3%, closing at $12.40 per share on November 13, 2024 [3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4]. - The firm has secured significant settlements for investors, including over $438 million in 2019, and has been consistently ranked among the top firms for securities class action settlements [4].

SAN FRANCISCO, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Girard Sharp, LLP, a national investment, securities, and consumer class action firm, is investigating potential securities claims on behalf of Qaunterix Corporation (NASDAQ: QTRX) investors.  If you are an Quanterix Corporation investor with losses, please fill out our contact form, email apolk@girardsharp.com, or call (415) 544-6280 for a free consultation.  On November 12, 2024, Quanterix announced that it had discovered” an error in the capitalization of ...

NEW YORK, Nov. 24, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Quanterix Corporation (NASDAQ: QTRX) resulting from allegations that Quanterix may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Quanterix securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee a ...

LOS ANGELES, Nov. 22, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Quanterix Corporation ("Quanterix" or "the Company") (NASDAQ: QTRX) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.If you are a shareholder who suffered a loss, click here to participate.We ...

PLEASE CLICK HERE TO PROVIDE YOUR CONTACT INFORMATION NEW YORK, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP ("Wolf Haldenstein"), a preeminent national shareholder rights litigation firm, announces that is investigating potential claims against Quanterix Corporation (“Quanterix” or the “Company”) (NASDAQ:QTRX) on behalf of Quanterix stockholders. The investigation concerns whether Quanterix and certain of its officers and/or directors have engaged in securities fraud.    PLEA ...

Company Investigation - Bragar Eagel & Squire, P C is investigating potential claims against Quanterix Corporation on behalf of its stockholders regarding potential violations of federal securities laws and/or unlawful business practices [1] Financial Disclosure - Quanterix disclosed an error in the capitalization of labor and overhead costs for prior periods dating back to at least 2021, impacting inventory valuation [2] - The company advised that financial statements containing these errors should no longer be considered reliable [2] - Following the disclosure, Quanterix's stock price fell by 18 3%, closing at $12 40 per share on November 13, 2024 [2] Legal Contact Information - Investors affected by the Quanterix situation can contact Brandon Walker or Marion Passmore at Bragar Eagel & Squire, P C for more information or to discuss their rights and interests [3][5]

Core Viewpoint - Quanterix Corporation is facing potential securities claims due to a significant error in the capitalization of labor and overhead costs, which has adversely affected its financial statements and led to a 19% drop in stock value [2]. Group 1: Company Overview - Quanterix Corporation (NASDAQ: QTRX) is under investigation by Girard Sharp, LLP for potential securities claims on behalf of its investors [1]. - The company announced on November 12, 2024, that it discovered an error in the capitalization of labor and overhead costs dating back to at least 2021, impacting the validity of its financial statements [2]. Group 2: Financial Impact - The error in financial reporting has significantly impacted the value of Quanterix's inventory, raising concerns about the reliability of its financial statements [2]. - Following the announcement of the error, Quanterix's stock price dropped by 19% [2]. Group 3: Legal Representation - Girard Sharp, LLP has a history of representing investors in class actions and complex litigation, including a recent $36.5 million securities settlement against Maxar Technologies [4]. - The firm has been recognized for its work in securities and class action litigation, earning top-tier rankings and accolades [4].

Core Insights - Holzer & Holzer, LLC is investigating Quanterix Corporation for potential violations of federal securities laws following the company's announcement of a need to restate financial statements due to errors in capitalizing labor and overhead costs [1] - The restatement affects financial periods dating back to at least 2021 and has implications for the valuation of inventory [1] - Following the announcement, Quanterix's stock price experienced a decline [1] Company Overview - Quanterix Corporation trades on NASDAQ under the ticker QTRX [1] - The company is facing scrutiny due to its financial reporting practices, which may have misrepresented its financial health [1] Legal Context - Holzer & Holzer, LLC is a law firm specializing in securities litigation, representing shareholders and investors in cases of corporate misconduct [3] - The firm has a history of recovering significant amounts for shareholders affected by fraud [3]

Quanterix Corporation (QTRX) closed the last trading session at $16.82, gaining 5.5% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $28.20 indicates a 67.7% upside potential. The average comprises five short-term price targets ranging from a low of $20 to a high of $34, with a standard deviation of $5.67. While the lowest estimate indicates an increase of 18.9% from the current pr ...