Quantum-Si Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Quantum-Si (NASDAQ:QSI) Third Quarter 2024 Results

Key Financial Results

• Net loss: US$25.3m (loss widened by 2.4% from 3Q 2023).
• US$0.18 loss per share (further deteriorated from US$0.17 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Quantum-Si EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 27%. Earnings per share (EPS) exceeded analyst estimates by 10%.

Looking ahead, revenue is forecast to grow 67% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Life Sciences industry in the US.

Performance of the American Life Sciences industry.

The company's shares are down 12% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for Quantum-Si (1 is a bit unpleasant!) that we have uncovered.

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