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Akoya BioSciences, Inc. (Nasdaq: AKYA) is a leading life sciences technology company pioneering spatial biology solutions that transform discovery, clinical research, and diagnostics. Akoya is committed to advancing the science of imaging with its comprehensive platforms, including PhenoCycler® and PhenoImager®, that perform deep proteomic profiling and spatial phenotyping. These cutting-edge platforms enable researchers to analyze tissue samples with high precision, providing insights into cellular interactions and disease mechanisms.
In 2024, Akoya announced preliminary unaudited revenue for Q4 2023 between $25.5 million and $26.5 million, marking a significant increase from Q4 2022. For the fiscal year 2023, revenues are expected to reach between $95.6 million and $96.6 million.
Akoya's portfolio includes innovative products like PhenoCode™ Panels, PhenoCycler®, and PhenoImager® HT, which support high-throughput and high-parameter tissue analysis. Notably, the company has recently partnered with Thermo Fisher Scientific to enhance its spatial multiomic workflow by integrating ViewRNA technology.
The company's technology has attracted significant attention in the scientific community, with its systems cited in over 1,300 publications as of March 2024. Akoya has also formed strategic partnerships and collaborations, including with the Queensland Spatial Biology Centre and organizations like BostonGene and NeraCare, enhancing the application of its platforms in various fields of research and clinical diagnostics.
Financially, Akoya aims for substantial revenue growth in 2024 with projections exceeding 20%, supported by its robust balance sheet and strategic initiatives like the new Manufacturing Center of Excellence in Marlborough, MA. This facility is expected to streamline operations, improve supply chain efficiency, and meet the growing demand for spatial biology solutions.
If you're a scientist or software engineer passionate about revolutionizing imaging science, Akoya BioSciences offers an exciting environment for innovation. For more information, contact Akoya at info@akoyabio.com.
Akoya Biosciences (Nasdaq: AKYA) reported Q2 2024 financial results, showing a 26% sequential revenue growth to $23.2 million. Despite a slight 1.5% year-over-year decrease, the company saw significant improvements across instruments, consumables, and services. Gross margin improved to 57.8%, up from 45.7% in Q1 2024 and 51.5% in Q2 2023. Operating expenses decreased by 18.3% quarter-over-quarter and 22% year-over-year to $24.5 million. The company's installed base grew 18.8% year-over-year to 1,264 instruments. Akoya updated its full-year 2024 revenue outlook to $96-104 million, maintaining its commitment to achieve operating cash flow breakeven by year-end.
Akoya Biosciences (Nasdaq: AKYA), The Spatial Biology Company®, has announced key dates for investors. The company will release its Q2 2024 financial results on August 5, 2024, after market close, followed by a conference call at 5:00 p.m. ET. Investors must register online to participate. Additionally, Akoya's management will present at two upcoming investor conferences:
1. Canaccord Genuity 44th Annual Growth Conference on August 13 at 2:30 PM ET
2. Morgan Stanley 22nd Annual Global Healthcare Conference on September 6 at 1:05 PM ET
Live and archived webcasts of all events will be available on Akoya's investor relations website.
Akoya Biosciences (Nasdaq: AKYA) reported Q1 2024 revenue of $18.4 million, a 14% decline from the previous year. Despite challenges, reagent and services revenue saw growth. Operating expenses were $30 million, with a non-GAAP loss from operations of $15.2 million, excluding adjustments. The company announced a new Manufacturing Center of Excellence and partnerships with Acrivon Therapeutics and NeraCare. The installed base of instruments increased by 22% year-over-year. However, deferred revenue and operational delays impacted Q1 results. Akoya maintains a full-year revenue outlook of $104-$112 million.
Akoya Biosciences and NeraCare have entered an exclusive agreement to enhance personalized therapy selection for early-stage melanoma patients. The partnership aims to combine Akoya's PhenoImager HT platform with NeraCare's Immunoprint test to improve access to life-saving therapies for melanoma patients, addressing the critical unmet medical need to identify at-risk patients. The collaboration leverages NeraCare's robust clinical data and Immunoprint's ability to identify high-risk patients, potentially revolutionizing treatment options for early-stage melanoma.
Akoya Biosciences, Inc. has opened its Operations and Manufacturing Center of Excellence in Marlborough, Massachusetts to meet the increasing demand for its spatial biology solutions. The facility aims to drive operational efficiencies, enhance customer service, and expand the company's portfolio. The 32,000 square foot facility includes R&D, manufacturing, quality control, warehouse space, and distribution, emphasizing cross-functional collaboration and faster product development.
Akoya Biosciences and Shanghai KR Pharmtech have announced that KR-HT5, developed using Akoya's PhenoImager HT technology, has received premarket approval from China's NMPA. This approval will support next generation pathology clinical workflows in China, providing clinicians with a high-throughput platform for multiplex biomarker analysis. Shanghai KR Pharmtech will offer KR-HT5 as part of its Next Generation Pathology solutions.
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