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Mar 31, 2024
Quantum-Si Q1 2024 Earnings Report
Quantum-Si initiated full commercial launch of Platinum instrument and reaffirmed 2024 financial guidance.
Key Takeaways
Quantum-Si reported revenue of $457,000 for the first quarter of 2024 and commenced the full commercial launch of its Platinum instrument. The company reaffirmed its full year 2024 financial guidance and expects to launch version 3 of its sequencing kit by the end of Q3 2024.
Reported revenue of $457,000 in Q1 2024.
Initiated full commercial launch of Platinum instrument at the end of March 2024.
On track to launch version 3 of its sequencing kit by the end of Q3 2024.
Reaffirmed full year 2024 financial guidance.
Quantum-Si
Quantum-Si
Quantum-Si Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comService Revenue
CapyFin.com Forward Guidance
The company reaffirmed its full year 2024 financial guidance.
Positive Outlook
- Revenue between $3.7 million and $4.2 million
- Adjusted total operating expenses less than $103 million
- Total cash usage less than $100 million
- Cash runway into 2026
- Initiation of full commercial launch of Platinum
Revenue & Expenses
Visualization of income flow from segment revenue to net income