Quantum-Si (QSI) Set to Announce Earnings on Thursday

Quantum-Si (NASDAQ:QSI) is scheduled to be announcing its earnings results 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 that are interested in registering for the company’s conference call can do so using this link.

Quantum-Si (NASDAQ:QSI) last released its earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share for the quarter, hitting the consensus estimate of ($0.16). The business had revenue of $0.40 million during the quarter, compared to the consensus estimate of $0.30 million. Quantum-Si had a negative return on equity of 30.65% and a negative net margin of 8,868.76%. 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 Trading Down 3.3 %

NASDAQ QSI opened at $1.78 on Wednesday. The stock has a market cap of $252.35 million, a PE ratio of -2.63 and a beta of 3.04. Quantum-Si has a 12 month low of $1.12 and a 12 month high of $3.90. The company’s 50-day moving average price is $1.78 and its 200-day moving average price is $1.68.

Insider Transactions at Quantum-Si

In other news, CEO Jeffrey Alan Hawkins acquired 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average cost of $1.76 per share, for a total transaction of $44,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 25,000 shares of the company’s stock, valued at approximately $44,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Jeffry R. Keyes bought 50,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was bought at an average price of $1.61 per share, for a total transaction of $80,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 50,000 shares in the company, valued at $80,500. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Alan Hawkins purchased 25,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was bought at an average price of $1.76 per share, for a total transaction of $44,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 25,000 shares in the company, valued at approximately $44,000. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 85,000 shares of company stock valued at $141,900. 30.04% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, HC Wainwright raised their target price on shares of Quantum-Si from $3.00 to $4.00 and gave the stock a “buy” rating in a research report 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.