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Quantum-Si (QSI)
NASDAQ:QSI
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.19Last Year’s EPS
-0.16Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 10, 2021
|% Change Since: 154.00%
|Next Earnings Date:Aug 16, 2021
Earnings Call Sentiment|Neutral
The earnings call revealed a mixed outlook with significant strides in leadership, innovation, and financial management, contrasted by revenue shortfalls and increased operating expenses. While there is optimism about future growth and commercial strategy, the immediate financial performance has been below expectations.Company Guidance
In the Q3 2024 earnings call for Quantum-Si, the company provided guidance indicating an expectation to surpass $1 million in quarterly revenue for the first time by Q4 2024, despite Q3 revenue falling short at $787,000. The gross margin for Q3 stood at 47%, with gross profit reaching $367,000. The company reported a net loss of $25.3 million for the quarter, with adjusted EBITDA at negative $24.5 million. Operating expenses were noted at $28.5 million, and the company projected adjusted operating expenses for the full year to be around $100 million, with cash usage expected to be approximately $92 million. As of September 30, 2024, Quantum-Si held $196.3 million in cash, cash equivalents, and marketable securities, aiming for a financial runway extending into the second half of 2026.Commercial Expansion and Leadership
Appointment of Todd Bennett as Chief Commercial Officer with over 30 years of experience, leading to improved sales force execution and accelerated sales pipeline.
Innovation and Recognition
Launch of next version library preparation and barcoding kits in Q4, expected to improve sample prep time and success rate. Received Frost & Sullivan Technology Innovation Leadership Award.
Financial Discipline
Adjusted operating expenses lowered to approximately $100 million for the year 2024, down from the original guidance of $103 million.
Strong Cash Position
Maintained $196.3 million in cash and cash equivalents and investments as of September 30, 2024, providing runway into the second half of 2026.
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QSI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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QSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $1.00 | $0.78 | -22.00% |
| Aug 07, 2024 | $0.82 | $0.85 | +3.66% |
| May 09, 2024 | $1.83 | $1.70 | -7.10% |
| Feb 29, 2024 | $1.67 | $1.85 | +10.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Quantum-Si (QSI) report earnings?
Quantum-Si (QSI) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Quantum-Si (QSI) earnings time?
Quantum-Si (QSI) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is QSI EPS forecast?
QSI EPS forecast for the fiscal quarter 2024 (Q4) is -0.19.
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