Quantum-Si Inc QSI.OQ reported a quarterly adjusted loss of 16 cents per share for the quarter ended June 30, identical to the same quarter last year. The mean expectation of three analysts for the quarter was for a loss of 14 cents per share. Wall Street expected results to range from -16 cents to -12 cents per share.
Revenue fell 5% to $591.00 thousand from a year ago; analysts expected $1.21 million.
Quantum-Si Inc's reported EPS for the quarter was a loss of 16 cents.
The company reported a quarterly loss of $28.84 million.
Quantum-Si Inc shares had fallen by 26.5% this quarter and lost 46.7% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 6.7% 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 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the biotechnology & medical research peer group is also "buy"
Wall Street's median 12-month price target for Quantum-Si Inc is $3.50, about 58.9% above its last closing price of $1.44
This summary was machine generated from LSEG data August 5 at 09:38 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)