QSI - Quantum-Si reports mixed Q2 earnings; reaffirms FY23 outlook

2023-08-07 08:02:59 ET

• Quantum-Si press release ( NASDAQ: QSI ): Q2 GAAP EPS of -$0.18 beats by $0.02 .
• Revenue of $0.21M misses by $0.19M .
• Adjusted EBITDA was negative $22.9 million in the second quarter of 2023, compared to negative $25.8 million in the second quarter of 2022.
• As of June 30, 2023, cash and cash equivalents and investments in marketable securities were $297.2 million.
• 2023 Financial Outlook:
• The Company reiterates full year non-GAAP operating expense to be flat compared to the prior year.
• The Company maintains the expectation that the balance in cash and cash equivalents and investments in marketable securities of $297.2 million as of June 30, 2023 to provide a runway into 2026.

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