Quanterix Corp (QTRX) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Grant revenue	9.6	5.2	4.4
RADx WP2		9.6	4.4
Other	95.9	95.8	77.6
Total revenues [+]	105.5	110.6	86.4	56.7	37.6	22.9	17.6	12.2
Royalties								10.1
Products								9.5
Services								2.5
Revenue growth [+]	-4.6%	28.0%	52.2%	50.8%	64.5%	30.1%	44.4%
Grant revenue	83.6%	19.6%
RADx WP2		117.6%
Cost of goods sold	58.7	48.8	38.2	29.9	19.7	12.9	9.8	5.7
Gross profit	46.8	61.7	48.2	26.8	17.9	10.0	7.7	6.5
Gross margin	44.4%	55.8%	55.8%	47.3%	47.7%	43.7%	44.1%	53.5%
Selling, general and administrative	92.0	92.3	59.6	52.2	33.7	19.7	12.5	10.2
Research and development	25.9	28.0	20.2	16.2	15.8	16.3	17.0
Other operating expenses	-16.1							10.9
EBITDA [+]	-49.6	-53.7	-27.3	-38.6	-30.2	-25.5	-21.3	-14.1
EBITDA growth	-7.6%	97.0%	-29.3%	27.8%	18.3%	20.0%	50.9%
EBITDA margin	-47.0%	-48.6%	-31.6%	-68.0%	-80.2%	-111.6%	-120.9%	-115.7%
Depreciation	3.5	2.9	2.2	1.6	0.8	0.5	0.4	0.4
EBITA	-53.2	-56.6	-29.5	-40.2	-31.0	-26.0	-21.7	-14.5
EBITA margin	-50.4%	-51.2%	-34.1%	-70.9%	-82.2%	-113.7%	-123.5%	-119.2%
Amortization of intangibles	1.8	2.0	2.1	1.4	0.6
EBIT [+]	-55.0	-58.6	-31.6	-41.6	-31.6	-26.0	-21.7	-14.5
EBIT growth	-6.1%	85.5%	-24.1%	31.9%	21.3%	19.8%	49.5%
EBIT margin	-52.1%	-53.0%	-36.6%	-73.3%	-83.8%	-113.7%	-123.5%	-119.2%
Non-recurring items [+]	46.7
Asset impairment	43.0
Interest income, net [+]	5.1	-0.4	-0.3	0.6	0.0	-1.0	-1.3	-1.0
Interest expense		0.4	0.3			1.0	1.3	1.0
Interest income	5.1			0.6	0.0
Other income (expense), net	-0.1	1.3	0.0	0.0	0.0	-0.1	-0.2	-0.4
Pre-tax income	-96.6	-57.7	-31.9	-41.0	-31.5	-27.0	-23.2	-15.9
Income taxes	0.1	0.0	-0.4	-0.2	0.0	0.0	0.0	0.0
Tax rate		0.1%	1.2%	0.5%	0.1%	0.0%	0.0%	0.0%
Net income	-96.7	-57.7	-31.5	-40.8	-31.5	-31.2	-27.6	-15.9
Net margin	-91.6%	-52.2%	-36.5%	-71.9%	-83.7%	-136.3%	-157.1%	-130.9%

Basic EPS [+]	($2.61)	($1.60)	($1.07)	($1.63)	($1.43)	($8.30)	($12.89)	($0.01)
Growth	63.1%	50.4%	-34.5%	13.5%	-82.7%	-35.6%	146481.4%
Diluted EPS [+]	($2.61)	($1.60)	($1.07)	($1.63)	($1.43)	($8.30)	($12.89)	($0.01)
Growth	63.1%	50.4%	-34.5%	13.5%	-82.7%	-35.6%	146481.4%

Shares outstanding (basic) [+]	37.0	36.0	29.6	25.1	22.0	3.8	2.1	1,813.2
Growth	2.8%	21.7%	17.9%	14.1%	485.4%	75.3%	-99.9%
Shares outstanding (diluted) [+]	37.0	36.0	29.6	25.1	22.0	3.8	2.1	1,813.2
Growth	2.8%	21.7%	17.9%	14.1%	485.4%	75.3%	-99.9%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.