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Dec 31, 2024
Quantum-Si Q4 2024 Earnings Report
Quantum-Si reported its first quarterly revenue exceeding $1 million, driven by increased commercialization efforts and new product launches.
Key Takeaways
Quantum-Si achieved a milestone in Q4 2024 with revenue reaching $1.2 million, a substantial increase from the previous year. The company recorded a net loss of $33.1 million, reflecting higher operating expenses as commercialization efforts ramped up. Gross profit was $0.6 million, with a gross margin of 51%. The company also raised over $86 million in capital to extend its cash runway into the second half of 2027.
First-ever quarterly revenue over $1 million at $1.2 million.
Net loss widened to $33.1 million due to increased commercialization costs.
Gross margin stood at 51% for the quarter.
Successfully raised over $86 million in capital to fund future growth.
Forward Guidance
Quantum-Si expects significant revenue growth in 2025, driven by expanded commercialization efforts, new product launches, and strategic partnerships.
Positive Outlook
- Launch of Platinum® Pro instrument expected to drive sales.
- Avantor North American distribution partnership coming online in Q1 2025.
- Expansion of international distribution network for broader reach.
- Strong pipeline of scientific data and new product releases expected.
- Cash runway extended into the second half of 2027.
Challenges Ahead
- Operating expenses expected to remain high due to commercialization ramp-up.
- Potential pricing pressure from market competition.
- Volatility in gross margin due to product mix fluctuations.
- Regulatory hurdles could delay product approvals and launches.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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