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Mar 31, 2023
Quantum-Si Q1 2023 Earnings Report
Quantum-Si's first quarter revenue was generated from Platinum instruments and kits, with gross margin at 48.8%.
Key Takeaways
Quantum-Si Incorporated reported first quarter 2023 financial results, with revenue of $254,000 and a gross margin of 48.8%. The company's business funnel is robust and they are well-positioned to accelerate commercial momentum in the second half of the year. They expect non-GAAP operating expense growth to be approximately flat in 2023 relative to the prior year.
Revenue was $254,000 on orders of $449,000 in Q1 2023.
Gross margin was 48.8% in Q1 2023.
Jeff Keyes was appointed as Chief Financial Officer effective May 15, 2023.
Cash and cash equivalents and investments in marketable securities were $322.1 million as of March 31, 2023, which is expected to provide a runway into 2026.
Forward Guidance
The Company expects non-GAAP operating expense growth to be approximately flat in 2023 relative to the prior year and expects the balance in cash and cash equivalents and investments in marketable securities of $322.1 million as of March 31, 2023 to provide a runway to support operations and invest in the business into 2026.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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