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NEW YORK (GenomeWeb) – Quanterix reported after the close of the market on Wednesday that its first quarter revenues were up 41 percent year over year.

The company posted Q1 revenues of $7.5 million, up from $5.3 million in Q1 2017 and above the consensus Wall Street estimate of $7.1 million.

Q1 product revenues rose 38 percent to $4.7 million in Q1 2018 from $3.4 million in Q1 2017, thanks largely to sales of consumables. Service and other revenues rose 52 percent to $2.5 million from $1.6 million in the prior-year first quarter.

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