Quanterix Corporation (NASDAQ:QTRX) Q1 2024 Earnings Call Transcript

There are a couple of variables that can swing it a little bit on quarter-over-quarter basis. Revenue and project mix is a big piece of that. We are working really hard to drive instrument volumes up and, as and when that happens, that would be slightly diluted to margins. And then the second factor there is we are still in early stages of the customers switch to the new assays. So, there is probably some headroom that we need there in case that’s longer or more expensive than we expected. So, overall, really pleased with where we landed, but planning for a couple of points of variability as we go into the next few quarters. From a revenue perspective, I indicated that Q2 probably points to call it getting us to 45% to 47% of revenue within the first half of the year.

For the second half of the year, we continue to see accelerator have good momentum. So, even as we drive instruments up and as we try to bring that back up to where would like it to be, we still see accelerator as a growth engine. And consumables, possibly a slower start in the second quarter as we finish up all of the switching activity. But definitely expecting that to do well in the second half of the year, partly from completing the switch and also partly from the new assays that we are bringing in.

Dan Brennan: Great. Thank you.

Operator: Thank you for your question. This does conclude our question-and-answer session. Thank you for participating in today’s conference. This does conclude the program. You may now disconnect.