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

Quantum-Si

09/05/2024 23:05

* Quantum-Si Inc  QSI.OQ  reported a quarterly adjusted loss
of 14
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -17
cents.  The mean expectation of two analysts for the quarter was
for a loss of 20 cents per share. Wall Street expected
results to range from -23 cents to -17 cents per share.
    * Revenue rose 79.9% to $457.00 thousand from a year ago;
analysts
expected $426.50 thousand. 
    * Quantum-Si Inc's reported EPS for the quarter was a loss
of 14
cents​.
    * The company reported a quarterly loss of $19.47 million.
    * Quantum-Si Inc shares had fallen by 8.6% this quarter and
lost 10.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.3%
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 May 9 at 10:04
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
 Mar. 31 2024      -0.20          -0.14          Beat
 Dec. 31 2023      -0.18          -0.16          Beat
 Sep. 30 2023      -0.19          -0.17          Beat
 Jun. 30 2023      -0.20          -0.18          Beat