Quanterix Corporation has announced its financial results for the first quarter of 2025, reporting a total revenue of $30.3 million, which marks a decrease of 5% compared to $32.1 million in the same period of the previous year. The company's product revenue amounted to $20.739 million, up from $19.670 million in 2024. However, service and other revenue decreased to $8.763 million from $11.967 million. The company recorded a net loss of $20.5 million, a significant increase from the net loss of $11.2 million reported in the prior year. The GAAP gross margin was reported at 54.1%, compared to 57.8% in the previous year, while the adjusted gross margin (non-GAAP) was 49.7%, down from 51.2% the prior year. Quanterix ended the first quarter with $269.5 million in cash, cash equivalents, marketable securities, and restricted cash. The company incurred $13.2 million in cash expenses related to the EMISSION acquisition, Akoya deal expenses, and a previous restatement, resulting in an adjusted cash burn of $9.0 million, a decrease from $19.4 million in the prior year. The company anticipates a GAAP gross margin range of 55% to 59% and an adjusted gross margin (non-GAAP) range of 50% to 54% for the year 2025. Additionally, the projected adjusted cash burn for 2025 is expected to be approximately $35.0 million to $45.0 million.
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