QSI - Quantum-Si GAAP EPS of -$0.24 beats by $0.01

2023-03-06 08:03:51 ET

• Quantum-Si press release ( NASDAQ: QSI ): Q4 GAAP EPS of -$0.24 beats by $0.01 .
• As of December 31, 2022, cash and cash equivalents and investments in marketable securities were $351.3 million.
• 2023 Outlook:
• The Company plans to begin beta testing for Carbon ^™ , our automated sample prep instrument, in Q2 2023 and then move to launch in the second half of the year.
• The Company remains committed to preserving financial strength while continuing investments in R&D and commercialization. In line with this, the Company expects non-GAAP operating expenses to be approximately flat in 2023 relative to the prior year.
• The Company expects the current balance in cash and cash equivalents and investments in marketable securities of $351.3 million as of December 31, 2022 to provide a runway to support operations and invest in the business into 2026.

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