Overview

• Quantum-Si Q3 revenue was $552,000

• Net loss widened to $35.7 mln from $25.3, reflecting increased operating expenses

• Company achieved successful sequencing on prototype Proteus unit, development on track

Outlook

• Quantum-Si plans to launch version 3 Library Prep Kit by year-end 2025

• Company expects to deliver Proteus platform in second half of 2026

• Quantum-Si using instrument acquisition options to counter NIH funding uncertainty

Result Drivers

• VERSION 4 KIT LAUNCH - Launch of version 4 Sequencing Kit contributed to quarterly results

• OPERATING EXPENSES - Rose to $40 mln from $28.5 mln a year ago, pressuring earnings

Key Details

Analyst Coverage

• 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 "buy"

• Wall Street's median 12-month price target for Quantum-Si Inc is $3.00, about 38.7% above its November 4 closing price of $1.84

Press Release: ID:nBwbC1ctVa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)