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Sep 30, 2021
Quantum-Si Q3 2021 Earnings Report
Quantum-Si made progress on foundational goals and accelerated commercial efforts.
Key Takeaways
Quantum-Si reported increased operating expenses due to expansion of the Early Access program, application ecosystem creation, new facility operations, and acquisition of Majelac Technologies LLC. Net loss was $18.1 million and adjusted EBITDA was negative $17.5 million. The company had $500.2 million in cash and cash equivalents and marketable securities as of September 30, 2021.
Expanded Early Access program to ten sites with participation from leading academic centers and key industry partners.
Accelerated efforts to create an application ecosystem around platform through external partnerships.
Began operations at the new product development and operations facility in San Diego, CA and made critical hires to accelerate product development and commercial readiness.
Entered into a definitive agreement to acquire Majelac Technologies LLC to help secure chip production heading into 2022 and beyond.
Forward Guidance
The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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