Quantum-Si Shares Climb Despite Worse-Than-Expected Q4 Results

Quantum-Si Inc. QSI reported its fourth-quarter results after Monday's closing bell. Here's a look at the key figures from the report. 

The Details: Quantum-Si reported quarterly losses of 23 cents per share which missed the analyst consensus estimate of a loss of 19 cents. Quarterly revenue came in at $1.19 million which missed the analyst consensus estimate of $1.23 million and is an increase over revenue of $400,000 from the same period last year.

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“I am very pleased with how we closed out 2024, delivering our first quarter in excess of $1 million in revenue, the launch of our version 2 Library Preparation Kit and our new Barcoding Kit. We also had a very successful investor and analyst day where we showcased our technology roadmap and announced our next generation Proteus development program and related commercial and development partnerships,” said Jeff Hawkins, CEO of Quantum-Si.

Price Action: According to data from Benzinga Pro, Quantum-Si shares are up 3.83% after hours at $1.35 Monday.  

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Image: Courtesy of Quantum-Si, Inc.