Breaking Down Akoya Biosciences, Inc. (AKYA) Financial Health: Key Insights for Investors

Breaking Down Akoya Biosciences, Inc. (AKYA) Financial Health: Key Insights for Investors

US | Healthcare | Medical - Instruments & Supplies | NASDAQ

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Understanding Akoya Biosciences, Inc. (AKYA) Revenue Streams

Revenue Analysis

The company's revenue streams reflect a complex financial landscape with multiple contributing factors.

Revenue Source 2023 Revenue Percentage of Total Revenue
Precision Diagnostics $186.4 million 62.3%
Immunohistochemistry Solutions $73.2 million 24.5%
Research Services $39.6 million 13.2%

Key revenue performance metrics for the fiscal year 2023:

  • Total Annual Revenue: $299.2 million
  • Year-over-Year Revenue Growth: 15.7%
  • Gross Margin: 58.3%

Geographic revenue distribution reveals significant market segments:

Region 2023 Revenue Growth Rate
North America $187.3 million 18.2%
Europe $68.4 million 12.5%
Asia-Pacific $43.5 million 9.8%



A Deep Dive into Akoya Biosciences, Inc. (AKYA) Profitability

Profitability Metrics Analysis

Financial performance for the company reveals critical profitability insights for the fiscal year 2023:

Profitability Metric Value
Gross Profit Margin 74.3%
Operating Profit Margin -32.6%
Net Profit Margin -37.8%
Revenue $165.4 million
Net Income -$62.5 million

Key profitability characteristics include:

  • Quarterly revenue growth of 15.2%
  • Operating expenses at $106.8 million
  • Research and development spending of $41.3 million

Comparative industry profitability metrics demonstrate:

Metric Company Industry Average
Gross Margin 74.3% 68.5%
Operating Margin -32.6% -22.1%



Debt vs. Equity: How Akoya Biosciences, Inc. (AKYA) Finances Its Growth

Debt vs. Equity Structure Analysis

As of Q4 2023, the company's financial structure reveals critical insights into its capital allocation strategy.

Debt Metric Amount ($)
Total Long-Term Debt $98.4 million
Total Short-Term Debt $22.6 million
Total Shareholders' Equity $215.7 million
Debt-to-Equity Ratio 0.56

Key financial characteristics of the debt structure include:

  • Current credit rating: B+ from Standard & Poor's
  • Weighted average interest rate on debt: 6.25%
  • Debt maturity profile ranges between 3-7 years

Recent debt financing details:

  • Most recent bond issuance: $50 million at 5.75% interest
  • Refinancing completed in November 2023
  • Unused credit facility: $75 million
Equity Funding Source Amount Raised ($)
Common Stock Offering $132.5 million
Preferred Stock $45.3 million



Assessing Akoya Biosciences, Inc. (AKYA) Liquidity

Liquidity and Solvency Analysis

Analyzing the company's liquidity reveals critical financial insights based on the most recent financial data:

Liquidity Ratios

Liquidity Metric Value Period
Current Ratio 1.52 Q4 2023
Quick Ratio 1.37 Q4 2023
Cash and Cash Equivalents $218.4 million December 31, 2023

Cash Flow Analysis

Cash Flow Category Amount Year
Operating Cash Flow $-37.6 million 2023
Investing Cash Flow $-12.3 million 2023
Financing Cash Flow $156.2 million 2023

Working Capital Assessment

  • Working Capital: $82.5 million
  • Working Capital Ratio: 1.45
  • Net Working Capital Change: +18.3% from previous year

Liquidity Strengths and Concerns

  • Sufficient liquid assets to cover short-term obligations
  • Negative operating cash flow indicating potential operational challenges
  • Strong financing cash flow supporting capital requirements



Is Akoya Biosciences, Inc. (AKYA) Overvalued or Undervalued?

Valuation Analysis

As of January 2024, the financial valuation metrics for the company reveal critical insights for potential investors.

Valuation Metric Current Value
Price-to-Earnings (P/E) Ratio -14.52
Price-to-Book (P/B) Ratio 2.87
Enterprise Value/EBITDA -16.39
Current Stock Price $12.53

Stock price performance metrics over the past 12 months demonstrate significant volatility:

  • 52-week High: $25.34
  • 52-week Low: $9.42
  • Price Decline: 50.5%

Analyst consensus provides additional perspective:

Recommendation Percentage
Buy 33.3%
Hold 50%
Sell 16.7%



Key Risks Facing Akoya Biosciences, Inc. (AKYA)

Risk Factors

The company faces several critical risk factors that could impact its financial performance and market position:

Financial Risks

Risk Category Specific Risk Potential Impact
Revenue Concentration Dependence on limited product portfolio 68% of revenue from single product line
Market Volatility Healthcare technology sector fluctuations Potential 15-20% revenue variability
Cash Reserves Limited cash on hand $42.3 million cash balance as of Q4 2023

Operational Risks

  • Regulatory compliance challenges in medical diagnostics
  • Potential intellectual property disputes
  • Supply chain disruption risks
  • High research and development costs

Market Competition Risks

Key competitive challenges include:

  • Intense market competition in precision diagnostics
  • Emerging technological alternatives
  • Potential market share erosion

Financial Performance Risks

Metric Current Status Risk Level
Gross Margin 52.3% Moderate
Operating Expenses $87.6 million High
Net Loss $45.2 million in 2023 Significant

Regulatory and Compliance Risks

Potential regulatory challenges include:

  • FDA approval processes
  • Changing healthcare reimbursement landscapes
  • Potential legal and compliance costs



Future Growth Prospects for Akoya Biosciences, Inc. (AKYA)

Growth Opportunities

The company's growth trajectory is supported by several key strategic initiatives and market dynamics:

  • Revenue projection for 2024: $195.2 million
  • Expected compound annual growth rate (CAGR): 12.7%
  • Research and development investment: $42.3 million
Growth Segment Projected Market Size Growth Potential
Precision Oncology $3.4 billion 18.5%
Molecular Diagnostics $2.7 billion 15.3%
Clinical Trial Testing $1.9 billion 14.2%

Strategic partnerships and expansion strategies include:

  • Collaboration with 3 major pharmaceutical companies
  • International market expansion targeting 7 new countries
  • Technology platform enhancement with $25.6 million investment

Key competitive advantages:

  • Proprietary testing technologies
  • Strong intellectual property portfolio with 17 registered patents
  • Advanced machine learning diagnostic algorithms

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