NASDAQ$QSI
Quantum-Si Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Quantum-Si reported revenue of $205,000 driven by instrument and sequencing consumable kits sales. Gross profit margin was 38.0%. The company is focused on delivering technology capabilities and applications while maintaining financial discipline.
Quantum-Si Incorporated reported financial results for the second quarter ended June 30, 2023. The company recorded revenue of $205,000, a gross profit of $78,000, and a gross margin of 38.0%. Operating expenses were $27.0 million, and the net loss was $25.6 million. Adjusted EBITDA was negative $22.9 million. Cash and cash equivalents and investments in marketable securities were $297.2 million as of June 30, 2023.
- Recognized revenue of $205,000 in the second quarter of 2023.
- Exited the quarter with an order backlog of two Platinum instruments.
- Strengthened the Executive Management team with the additions of Jeff Keyes as Chief Financial Officer and Johan Denecke as Senior Vice President, Operations
- Initiated a strategic review of current R&D programs and R&D organizational design.
Headline financials
Revenue & EPS history
Quantum-Si · Revenue · Quarterly
$205K
Forward guidance
Quantum-Si is focused on maintaining financial discipline and reiterates full year non-GAAP operating expense to be flat compared to the prior year. The company maintains the expectation that the balance in cash and cash equivalents and investments in marketable securities of $297.2 million as of June 30, 2023 to provide a runway into 2026.
Tailwinds
- Company reiterates full year non-GAAP operating expense to be flat compared to the prior year.
- Company maintains the expectation that the balance in cash and cash equivalents and investments in marketable securities of $297.2 million as of June 30, 2023 to provide a runway into 2026.
- The company is focused on delivering technology capabilities and applications
- The company is maintaining a high level of financial discipline over the use of capital resources.
- The company expects to deliver additional product improvements before the end of 2023
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
-4.1%
Avg return
Earnings day
-4.3%
Avg return
5 days after
+1.5%
Avg return
30 days after
39%
9 / 23 earnings
Positive
+14.5%
Q3 2023
Best reaction
-39.5%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.5% | -8.3% | +1.0% | |
| Q4 2025 | -4.3% | -2.3% | -21.1% | |
| Q3 2025 | -8.5% | -12.2% | -20.0% | |
| Q1 2025 | +0.0% | -0.3% | +12.2% | |
| Q4 2024 | +6.2% | -0.8% | -10.8% | |
| Q3 2024 | -20.8% | -26.6% | +81.0% | |
| Q2 2024 | -2.8% | -4.8% | +4.5% | |
| Q1 2024 | -5.6% | +1.7% | -17.8% | |
| Q4 2023 | +6.3% | -7.5% | +13.2% | |
| Q3 2023 | +14.5% | +29.0% | +26.6% | |
| Q2 2023 | -39.5% | -34.8% | -31.9% | |
| Q1 2023 | -13.5% | -15.3% | -1.8% | |
| Q4 2022 | -12.5% | -26.4% | -27.8% | |
| Q3 2022 | +3.2% | +26.8% | -7.6% | |
| Q2 2022 | -6.0% | +9.7% | -14.4% | |
| Q1 2022 | -14.9% | -9.1% | +3.0% | |
| Q4 2019 | +6.2% | -3.8% | +12.5% | |
| Q4 2021 | +6.8% | -9.5% | +13.1% | |
| Q3 2021 | +1.2% | +1.4% | -21.5% | |
| Q2 2021 | +1.9% | +4.4% | +14.2% | |
| Q2 2020 | +1.9% | +4.4% | +14.2% | |
| Q1 2021 | -7.6% | -18.7% | +28.5% | |
| Q4 2020 | -1.1% | +5.0% | -13.8% | |
| Q3 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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