Press Release: Akoya Biosciences Reports Third Quarter 2024 Financial Results

Dow Jones11-15 05:00

(in thousands) 

 
 
                    Three months ended        Nine months ended 
                 ------------------------  ------------------------ 
                  September    September    September    September 
                     30,          30,          30,          30, 
                    2024         2023         2024         2023 
                 -----------  -----------  -----------  ----------- 
Operating 
 expenses         $  20,073    $   26,827   $  74,507    $   87,914 
Impairment               --            --      (2,971)           -- 
Restructuring        (1,690)           --      (3,087)           -- 
                     ------       -------      ------       ------- 
Non-GAAP 
 operating 
 expenses         $  18,383    $   26,827   $  68,449    $   87,914 
                     ======       =======      ======       =======

AKOYA BIOSCIENCES, INC. AND SUBSIDIARY

Loss From Operations to Non-GAAP Loss From Operations Reconciliation (unaudited)

(in thousands) 

 
 
                     Three months ended      Nine months ended 
                   ----------------------  ---------------------- 
                    September   September  September   September 
                       30,         30,        30,         30, 
                      2024        2023       2024        2023 
                   -----------  ---------  ---------  ----------- 
Loss from 
 operations         $  (8,349)  $(11,551)  $(41,018)  $(48,229) 
Provision for 
excess and 
obsolete 
inventories - 
product 
discontinuation 
and lease exit 
inventory 
charges                    --         --      2,045         -- 
Impairment                 --         --      2,971         -- 
Restructuring           1,690         --      3,087         -- 
                       ------    -------    -------    ------- 
Non-GAAP loss 
 from operations    $  (6,659)  $(11,551)  $(32,915)  $(48,229) 
                       ======    =======    =======    ======= 
 
Investor Contact: 
 
Priyam Shah 
investors@akoyabio.com 
 
Media Contact: 
 
Christine Quern 
media@akoyabio.com

(END) Dow Jones Newswires

November 14, 2024 16:00 ET (21:00 GMT)

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