Quantum-Si (NASDAQ:QSI) Announces Quarterly Earnings Results

Key Points

• Quantum-Si met earnings expectations, reporting a quarterly loss of $0.11 per share, while revenue of $0.34 million exceeded analysts’ $0.30 million forecast. The company continued to report significant net losses and negative return on equity.
• Shares fell to $0.79, near the lower end of their 52-week range of $0.69 to $3.10. Analysts maintain a consensus “Reduce” rating with a $1.00 price target, while Weiss Ratings downgraded the stock to “sell (e+).”
• Institutional ownership stands at 39.90%, with investors including Millennium Management, State Street, Bank of America and Geode Capital increasing or initiating positions in Quantum-Si.

Quantum-Si (NASDAQ:QSI - Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.11) EPS for the quarter, hitting analysts' consensus estimates of ($0.11), FiscalAI reports. The business had revenue of $0.34 million for the quarter, compared to analysts' expectations of $0.30 million. Quantum-Si had a negative net margin of 5,605.88% and a negative return on equity of 47.35%.

Quantum-Si Price Performance

NASDAQ QSI traded down $0.05 during trading hours on Thursday, reaching $0.79. The company's stock had a trading volume of 4,129,465 shares, compared to its average volume of 4,733,177. The firm has a market capitalization of $172.03 million, a price-to-earnings ratio of -1.55 and a beta of 3.24. The company's 50-day moving average is $0.88 and its two-hundred day moving average is $0.93. Quantum-Si has a 1-year low of $0.69 and a 1-year high of $3.10.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Quantum-Si from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Tuesday. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $1.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in QSI. Millennium Management LLC acquired a new stake in shares of Quantum-Si in the first quarter valued at about $4,721,000. State Street Corp boosted its holdings in Quantum-Si by 26.5% in the 4th quarter. State Street Corp now owns 3,562,721 shares of the company's stock worth $3,919,000 after buying an additional 745,231 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in Quantum-Si in the 3rd quarter worth about $865,000. Bank of America Corp DE increased its stake in Quantum-Si by 426.6% during the 2nd quarter. Bank of America Corp DE now owns 465,999 shares of the company's stock worth $913,000 after buying an additional 377,504 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Quantum-Si by 9.8% during the 4th quarter. Geode Capital Management LLC now owns 4,114,375 shares of the company's stock worth $4,527,000 after buying an additional 367,206 shares in the last quarter. 39.90% of the stock is owned by institutional investors and hedge funds.

Quantum-Si Company Profile

Quantum-Si Inc is a life sciences instrumentation company headquartered in Guilford, Connecticut, developing next-generation proteomics solutions based on semiconductor sequencing technology. The company’s core offering centers on a proprietary single-molecule protein sequencing platform that uses a silicon-based sensor chip to convert protein data into digital signals. This approach is designed to deliver high sensitivity, single-amino-acid resolution and deep proteome coverage while potentially reducing cost and complexity compared to traditional mass spectrometry methods.

Quantum-Si’s product roadmap includes the development and commercialization of an integrated system comprising instruments, consumable reagents and proprietary data analysis software.

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