Quantum-Si Inc reports results for the quarter ended in June - Earnings Summary

Quantum-Si

07/08/2024 22:52

* Quantum-Si Inc  QSI.OQ  reported a quarterly adjusted loss
of 16
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -18
cents.  The mean expectation of two analysts for the quarter was
for a loss of 19 cents per share. Wall Street expected
results to range from -21 cents to -17 cents per share.
    * Revenue rose 203.4% to $622.00 thousand from a year ago;
analysts expected $679.50 thousand. 
    * Quantum-Si Inc's reported EPS for the quarter was a loss
of 16
cents​.
    * The company reported a quarterly loss of $23.1 million.
    * Quantum-Si Inc shares had fallen by 17.0% this quarter and
lost 56.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the biotechnology
&
medical research peer group is  "hold."

Wall Street's median 12-month price target for Quantum-Si Inc is
$2.75 
This summary was machine generated from LSEG data August 7 at
09:52 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.19          -0.16          Beat
 Mar. 31 2024      -0.20          -0.14          Beat
 Dec. 31 2023      -0.18          -0.16          Beat
 Sep. 30 2023      -0.19          -0.17          Beat