Quanterix Corporation (QTRX) · 10+ Years of Financial Ratios

Profitability	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-104.22	-41.92	-39.57	-34.35	-14.3	-14.93	-20.67	-7.53
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	46.92	44.06	43.66	47.69	47.3	52.23	53.65	44.05	57.3
EBITDA Margin (%)	-115.75	-120.94	-111.58	-80.25	-68.02	-34.11	-50.54	-63.17	-32.84
Operating Margin (%)	-119.24	-123.46	-113.69	-83.84	-73.32	-39.5	-55.62	-68.94	-39.76
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	-130.89	-131.78	-118.12	-83.73	-72.24	-39.9	-54.8	-92.08	-26.1
Profit Margin (%)	-130.89	-131.78	-118.12	-83.8	-71.91	-39.43	-54.76	-92.14	-26.69
Net Income to Common Margin (%)	-130.89	-131.82	-118.38	-83.8	-71.91	-39.43	-54.76	-92.14	-26.69
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	0.03	0.22	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Debt	10	10	9	8	8	31	22	44	41
ST Debt	2	1	5	- -	- -	9	1	3	4
LT Debt	8	9	4	8	8	22	20	41	37
Total Debt/EBITDA	-0.69	-0.48	-0.37	-0.25	-0.2	-1.13	-0.41	-0.67	-1.04
Net Debt/EBITDA	-0.53	0.91	2.75	1.22	2.63	6.38	7.45	5.11	4.38
Total Debt/EBIT	-0.67	-0.47	-0.36	-0.24	-0.18	-0.98	-0.37	-0.61	-0.86
Net Debt/EBIT	-0.51	0.89	2.7	1.17	2.44	5.51	6.77	4.68	3.62
EBITDA to Interest Expense	-13.56	-16.38	-26.84	656.48	61.55	99.9	132.1	- -	- -
EBITDA-CapEx/Interest Expense	-14.13	-16.79	-28.03	689.48	78.85	114.29	165.89	- -	- -
EBIT to Interest Expense	-13.96	-16.73	-27.34	685.87	66.35	115.69	145.37	- -	- -
Interest Expense	1	1	1	- -	-1	- -	- -	- -	- -
Common Equity/Total Assets	-1,205.82	-310.12	-157.26	-260.11	-127.22	-91.4	-60.9	-92.61	-102.22
Long-Term Debt/Equity (%)	- -	69.34	6.6	18.56	5.9	10.62	4.64	11.54	10.73
Long-Term Debt/Capital (%)	-139.84	39.39	-3.22	-4.53	-3.64	-10.09	-7.22	-11.57	-9.47
Long-Term Debt/Total Assets (%)	104.04	25.17	4.74	11.27	4.46	8.08	4.08	9.54	8.76
Total Debt/Equity (%)	-64.01	76.01	14.24	18.56	5.96	14.94	4.96	12.29	11.95
Total Debt/Capital (%)	-177.84	43.18	-6.95	-4.53	-3.67	-14.2	-7.72	-12.32	-10.55
Total Debt/Total Assets (%)	132.31	27.6	10.22	11.27	4.51	11.36	4.37	10.16	9.76
Net Debt to Equity	-48.72	-144.17	-106.73	-89.63	-78.89	-84.37	-89.91	-94.37	-50.28
Net Debt/Capital (%)	-95.01	326.41	32.75	17.31	31.95	43.64	58.3	48.62	30.74
EBITDA	-14	-21	-26	-30	-39	-27	-53	-66	-40
EBITDA-CapEx	-15	-22	-27	-32	-49	-31	-67	-78	-44
Operating Income (Loss)	-15	-22	-26	-32	-42	-32	-59	-72	-48

Liquidity	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Cash Ratio	0.3	2.71	4.04	2.45	5.5	4.56	10.72	10.94	8.36
Current Ratio	0.73	3.22	4.53	3.28	6.69	5.52	12.14	12.32	9.84
Quick Ratio	0.59	3.07	4.33	2.83	6.05	4.99	11.37	11.56	9.02
CFO/Avg Current Liab	- -	-1.89	-1.44	-1.52	-1.38	-0.78	-1.25	-1.42	-0.54
Common Equity/Total Assets	-1,205.82	-310.12	-157.26	-260.11	-127.22	-91.4	-60.9	-92.61	-102.22
Long-Term Debt/Equity (%)	- -	69.34	6.6	18.56	5.9	10.62	4.64	11.54	10.73
Long-Term Debt/Capital (%)	-139.84	39.39	-3.22	-4.53	-3.64	-10.09	-7.22	-11.57	-9.47
Long-Term Debt/Total Assets (%)	104.04	25.17	4.74	11.27	4.46	8.08	4.08	9.54	8.76
Total Debt/Equity (%)	-64.01	76.01	14.24	18.56	5.96	14.94	4.96	12.29	11.95
Total Debt/Capital (%)	-177.84	43.18	-6.95	-4.53	-3.67	-14.2	-7.72	-12.32	-10.55
Total Debt/Total Assets (%)	132.31	27.6	10.22	11.27	4.51	11.36	4.37	10.16	9.76
CFO/Total Liabilities	-55.52	-75.05	-85.31	-108.19	-63.42	-35.99	-79.09	-64.14	-24.21
CFO/CapEx	-20.97	-33.73	-19.53	-18.92	-2.41	-5.95	-3.52	-4.12	-4.99
Altman's Z-Score	-22.08	-5.01	8.99	5.22	7.79	13.41	15.4	3.45	7.81

Working Capital	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Accounts Receivable Turnover	- -	5.69	4.81	6.07	6.41	5.69	5.14	4.9	5.45
Days Sales Outstanding	- -	64.13	75.92	60.09	56.93	64.12	70.98	74.43	66.94
Inventory Turnover	- -	7.78	5.05	4.14	3.64	3.02	2.64	3.01	2.64
Days Inventory Outstanding	- -	46.94	72.21	88.23	100.16	120.98	138.46	121.14	138.14
Accounts Payable Turnover	- -	5.32	4.89	5.09	6.32	6.77	7.02	8.17	12.9
Accounts Payable Turnover Days	- -	68.59	74.58	71.67	57.73	53.89	52.02	44.66	28.29
Cash Conversion Cycle	- -	42.47	73.56	76.65	99.35	131.2	157.43	150.92	176.79
Inventory to Cash Days	- -	17.19	3.71	-28.14	-43.23	-56.86	-67.48	-46.71	-71.21
Inventories	1	2	4	6	10	15	22	17	22
Raw Materials	- -	1	1	2	5	5	8	6	5
Work In Process	- -	- -	1	2	3	3	5	3	4
Finished Goods	- -	1	2	2	3	6	9	8	13
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Market Capitalization	- -	- -	474	413	653	1,519	1,559	514	1,090
- Cash & Cash Equivalents	2	30	80	44	109	182	396	339	174
+ Preferred Equity and Hybrid Capital	73	129	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	10	10	9	8	8	31	22	44	41
Enterprise Value	81	109	404	376	551	1,368	1,185	219	810
Total Capital	-5	24	-135	-168	-209	-217	-284	-358	-393
Total Debt/Capital (%)	-177.84	43.18	-6.95	-4.53	-3.67	-14.2	-7.72	-12.32	-10.55
Total Debt / EV	0.12	0.09	0.02	0.02	0.01	0.02	0.02	0.2	0.05
EV/Sales	6.64	6.21	17.64	10	9.72	17.12	11.25	2.09	6.69
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	82	406	583	1,414	1,527	510	1,078
Diluted Enterprise Value	81	109	12	369	481	1,263	1,152	215	945
EV per Share	4.99	6.74	18.59	16.82	19.61	43.04	32.22	5.89	21.32
TTM Sales	12	18	23	38	57	80	105	105	121
TTM EBITDA	-14	-21	-26	-30	-39	-27	-53	-66	-40
TTM Operating Income	-15	-22	-26	-32	-42	-32	-59	-72	-48
TTM Cash Flow to Firm	-11	-16	-21	-29	-27	-24	-48	-48	-19
TTM Free Cash Flow to Firm	-11	-16	-20	-27	-16	-20	-35	-37	-15

Multiples	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	-2.68	-12.41	-15.21	-29.11	-34.94	-7.2	-22.98
Price/Earnings High	- -	- -	-2.96	-16.06	-21.37	-45.13	-54.29	-15.67	-32.55
Price/Earnings Low	- -	- -	-2.42	-9.34	-10.63	-10.48	-23.42	-2.85	-11.77
Price/Book Value	- -	- -	-3.28	-2.35	-3.02	-6.13	-5.11	-1.28	-2.51
Price/Book Value Average	- -	- -	-2.91	-2.26	-3.22	-3.98	-6.74	-1.75	-1.73
Price/Book Value High	- -	- -	-3.21	-2.93	-4.52	-6.17	-10.47	-3.8	-2.45
Price/Book Value Low	- -	- -	-2.63	-1.7	-2.25	-1.43	-4.52	-0.69	-0.89
Price/Tangible Book Value	- -	- -	7.19	11.04	6.22	8.35	3.71	1.46	3.2
Price/Tangible Book Value Average	- -	- -	6.38	10.64	6.62	5.42	4.89	2	2.2
Price/Tangible Book Value High	- -	- -	7.04	13.77	9.3	8.4	7.6	4.35	3.12
Price/Tangible Book Value Low	- -	- -	5.76	8.01	4.63	1.95	3.28	0.79	1.13
Price/Sales	- -	- -	3.59	10.79	10.27	17.68	14.49	4.86	8.9
Price/Sales Average	- -	- -	3.18	10.4	10.94	11.48	19.14	6.64	6.13
Price/Sales High	- -	- -	3.51	13.46	15.37	17.8	29.73	14.44	8.69
Price/Sales Low	- -	- -	2.87	7.83	7.64	4.13	12.83	2.63	3.14
Price/Cash Flow	- -	- -	-3.71	-14.14	-22.25	-60.51	-31.87	-10.57	-57.04
Price/Cash Flow Average	- -	- -	-3.29	-13.63	-23.7	-39.29	-42.08	-14.43	-39.31
Price/Cash Flow High	- -	- -	-3.63	-17.64	-33.3	-60.9	-65.38	-31.4	-55.69
Price/Cash Flow Low	- -	- -	-2.97	-10.25	-16.56	-14.15	-28.21	-5.72	-20.13
Price/Free Cash Flow	- -	- -	-3.91	-14.93	-37.98	-72.74	-44.52	-13.96	-71.34
Price/Free Cash Flow Average	- -	- -	-3.47	-14.39	-40.46	-47.23	-58.78	-19.06	-49.16
Price/Free Cash Flow High	- -	- -	-3.83	-18.62	-56.84	-73.22	-91.34	-41.47	-69.65
Price/Free Cash Flow Low	- -	- -	-3.13	-10.83	-28.26	-17.01	-39.41	-7.55	-25.17
EV/Sales	6.64	6.21	17.64	10	9.72	17.12	11.25	2.09	6.69
EV/Sales Average	6.64	6.21	15.28	9.6	10.47	10.45	15.99	3.88	5.1
EV/Sales High	6.64	6.21	17.2	12.71	15.43	17.24	26.81	11.75	7.69
EV/Sales Low	6.64	6.21	13.51	6.98	6.77	2.56	9.55	- -	2.08
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Average	-5.73	-5.13	-13.7	-11.97	-15.39	-30.64	-31.64	-6.15	-15.54
EV/EBITDA High	-5.73	-5.13	-15.41	-15.84	-22.68	-50.54	-53.06	-18.6	-23.41
EV/EBITDA Low	-5.73	-5.13	-12.1	-8.7	-9.96	-7.49	-18.89	0.25	-6.33
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	-5.57	-5.03	-13.44	-11.45	-14.28	-26.46	-28.75	-5.63	-12.84
EV/EBIT High	-5.57	-5.03	-15.13	-15.16	-21.04	-43.64	-48.21	-17.04	-19.34
EV/EBIT Low	-5.57	-5.03	-11.88	-8.33	-9.24	-6.47	-17.17	0.23	-5.23
Last Price	- -	- -	21.83	18.47	23.22	47.78	42.41	13.79	28.68
High Price	- -	- -	21.36	23.03	34.75	48.09	87.01	40.97	28
Low Price	- -	- -	17.47	13.39	17.28	11.17	37.54	7.46	10.12
Enterprise Value	81	109	404	376	551	1,368	1,185	219	810
Enterprise Value Average	81	109	350	361	594	836	1,684	407	618
Enterprise Value High	81	109	393	478	875	1,378	2,825	1,233	931
Enterprise Value Low	81	109	309	263	384	204	1,006	-17	252

Per Share Data Items	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Shares Outstanding	16	16	22	22	28	32	37	37	38
Diluted Weighted Avg Shares	16	16	4	22	25	30	36	37	38
Basic Weighted Avg Shares	16	16	4	22	25	30	36	37	38
Revenue per Share	0.75	1.09	6.09	1.71	2.26	2.7	2.93	2.84	3.22
EBITDA per Share	-0.87	-1.31	-6.79	-1.37	-1.54	-0.92	-1.48	-1.79	-1.06
Operating Income per Share	-0.9	-1.34	-6.92	-1.43	-1.66	-1.07	-1.63	-1.96	-1.28
Basic EPS, GAAP	-0.98	-1.43	-7.21	-1.43	-1.63	-1.07	-1.6	-2.61	-0.86
Basic EPS from Cont Ops	-0.98	-1.43	-7.19	-1.43	-1.63	-1.07	-1.6	-2.61	-0.86
Diluted EPS, GAAP	-0.98	-1.43	-7.21	-1.43	-1.63	-1.07	-1.6	-2.61	-0.86
Diluted EPS from Cont Ops	-0.98	-1.43	-7.19	-1.43	-1.63	-1.07	-1.6	-2.61	-0.86
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.77	-1.09	-5.88	-1.31	-1.04	-0.79	-1.33	-1.3	-0.5
Free Cash Flow per Basic Share	-0.81	-1.13	-6.19	-1.37	-1.48	-0.92	-1.71	-1.62	-0.6
Cash & Equivalents per Share	0.14	1.83	3.67	1.99	3.88	5.71	10.78	9.09	8.45
Book Value per Share	-5.47	-7.1	-6.65	-7.86	-7.69	-7.79	-8.31	-10.79	-11.43
Tangible Book Value per Share	-5.47	-7.1	3.03	1.67	3.73	5.72	11.44	9.43	8.97

Quanterix Corporation

QTRX US

14.05