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On November 12, 2024, after markets closed, Quanterix disclosed that it had “identified an accounting error related to the capitalization of labor and overhead costs applied to prior periods going back to at least 2021, which impacted the valuation of inventory.”  Further the Company stated that “[t]he cumulative effect of this error . . . resulted in the need for material adjustments to previously issued financial statements” and “that it is appropriate to restate” certain financial statements, including the Company’s previously issued financial statements for each of the three years in the period ended December 31, 2023. 

Following this news, the price of Quanterix stock price fell $2.77 per share, over 18%, to close at $12.40 per share on November 13, 2024.

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If you have any questions about this investigation, please contact:

Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
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(646) 315-9003
pmayer@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
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Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com