Quantum-Si (NASDAQ:QSI) Issues Earnings Results

Quantum-Si (NASDAQ:QSI) announced its earnings results on Thursday. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11), FiscalAI reports. Quantum-Si had a negative net margin of 5,605.88% and a negative return on equity of 47.35%. The company had revenue of $0.34 million for the quarter, compared to analysts’ expectations of $0.30 million.

Quantum-Si Trading Down 5.7%

NASDAQ QSI traded down $0.05 on Thursday, reaching $0.79. 4,129,465 shares of the company were exchanged, compared to its average volume of 4,733,177. The business’s fifty day moving average price is $0.88 and its 200 day moving average price is $0.93. The stock has a market capitalization of $172.03 million, a P/E ratio of -1.55 and a beta of 3.24. Quantum-Si has a fifty-two week low of $0.69 and a fifty-two week high of $3.10.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Quantum-Si from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $1.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Millennium Management LLC purchased a new stake in shares of Quantum-Si in the first quarter valued at about $4,721,000. State Street Corp increased its position in Quantum-Si by 26.5% during the fourth quarter. State Street Corp now owns 3,562,721 shares of the company’s stock worth $3,919,000 after purchasing an additional 745,231 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Quantum-Si during the third quarter worth about $865,000. Bank of America Corp DE raised its stake in Quantum-Si by 426.6% during the second quarter. Bank of America Corp DE now owns 465,999 shares of the company’s stock worth $913,000 after purchasing an additional 377,504 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Quantum-Si by 9.8% in the 4th quarter. Geode Capital Management LLC now owns 4,114,375 shares of the company’s stock valued at $4,527,000 after purchasing an additional 367,206 shares during the last quarter. Hedge funds and other institutional investors own 39.90% of the company’s stock.

Quantum-Si Company Profile

Quantum-Si Inc is a life sciences instrumentation company headquartered in Guilford, Connecticut, developing next-generation proteomics solutions based on semiconductor sequencing technology. The company’s core offering centers on a proprietary single-molecule protein sequencing platform that uses a silicon-based sensor chip to convert protein data into digital signals. This approach is designed to deliver high sensitivity, single-amino-acid resolution and deep proteome coverage while potentially reducing cost and complexity compared to traditional mass spectrometry methods.

Quantum-Si’s product roadmap includes the development and commercialization of an integrated system comprising instruments, consumable reagents and proprietary data analysis software.