Quantum-Si (QSI) to Release Quarterly Earnings on Thursday

Quantum-Si (NASDAQ:QSI) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.23) per share for the quarter. Quantum-Si has set its FY 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

Quantum-Si (NASDAQ:QSI) last posted its earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.16). Quantum-Si had a negative net margin of 8,868.76% and a negative return on equity of 30.65%. The firm had revenue of $0.40 million during the quarter, compared to analysts’ expectations of $0.30 million. On average, analysts expect Quantum-Si to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Quantum-Si Price Performance

QSI opened at $1.80 on Thursday. The firm has a fifty day moving average price of $1.77 and a 200 day moving average price of $1.66. Quantum-Si has a 1 year low of $1.12 and a 1 year high of $3.90. The stock has a market cap of $255.19 million, a P/E ratio of -2.65 and a beta of 3.04.

Insider Activity at Quantum-Si

In related news, CEO Jeffrey Alan Hawkins acquired 25,000 shares of Quantum-Si stock in a transaction on Thursday, March 14th. The stock was bought at an average cost of $1.76 per share, for a total transaction of $44,000.00. Following the completion of the transaction, the chief executive officer now owns 25,000 shares of the company’s stock, valued at approximately $44,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Jeffrey Alan Hawkins acquired 25,000 shares of Quantum-Si stock in a transaction on Thursday, March 14th. The stock was bought at an average cost of $1.76 per share, for a total transaction of $44,000.00. Following the completion of the transaction, the chief executive officer now owns 25,000 shares of the company’s stock, valued at approximately $44,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffry R. Keyes acquired 50,000 shares of Quantum-Si stock in a transaction on Tuesday, March 5th. The shares were bought at an average price of $1.61 per share, with a total value of $80,500.00. Following the completion of the transaction, the chief financial officer now directly owns 50,000 shares of the company’s stock, valued at approximately $80,500. The disclosure for this purchase can be found here. Insiders bought a total of 85,000 shares of company stock worth $141,900 in the last three months. Company insiders own 30.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright boosted their target price on shares of Quantum-Si from $3.00 to $4.00 and gave the company a “buy” rating in a research note on Friday, March 1st.

About Quantum-Si

Quantum-Si incorporated, a life sciences company, engages in the development of single-molecule detection platform to enable Next Generation Protein Sequencing (NGPS). The company's platform is comprised of the Platinum NGPS instrument; the Platinum Analysis Software service; and reagent kits and semiconductor chips for use with its instruments.