On November 12, 2024, after market hours, Quanterix filed a current report on Form 8-K with the SEC. In this current report, Quanterix announced that on “November 11, 2024, the Audit Committee of the Board of Directors of the Company, based on the recommendation of the Company’s management and after discussion with the Company’s independent registered public accounting firm, Ernst & Young LLP (“EY”), concluded that the Company’s previously issued audited consolidated financial statements as of December 31, 2023 and 2022 and for each of the three years in the period ended December 31, 2023, and its unaudited consolidated financial statements for the quarterly and year-to-date (as applicable) periods ended March 31, 2022, June 30, 2022, September 30, 2022, March 31, 2023, June 30, 2023, September 30, 2023, March 31, 2024, and June 30, 2024 (collectively, the “Non-Reliance Periods”), should no longer be relied upon.”
On this news, Quanterix’s stock price fell $2.77 per share, or 18.3%, to close at $12.40 per share on November 13, 2024.
