Loading...
•
Sep 30, 2023
Quantum-Si Q3 2023 Earnings Report
Quantum-Si's financial performance reflected continued controlled commercial launch and strategic realignment.
Key Takeaways
Quantum-Si reported revenue of $223,000 during its controlled commercial launch of the Platinum instrument in Q3 2023. The company completed a strategic review of R&D and made organizational changes to focus on delivering capabilities and applications with the highest customer demand. They anticipate transitioning to a full commercial launch in early 2024.
Recorded revenue of $223,000 in Q3 2023 from Platinum instrument sales during controlled commercial launch.
Completed strategic review of R&D programs and organizational design to focus development.
Presented first customer data in an October webinar.
Further strengthened the Board of Directors with the addition of independent director Amir Jafri.
Forward Guidance
The company expects its full year 2023 adjusted total operating expenses to be approximately $100 million and maintains the expectation that the balance in cash and cash equivalents and investments in marketable securities of $274.6 million as of September 30, 2023 will provide a runway into 2026.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...