Welcome to our dedicated page for Quantum-Si news (Ticker: QSI), a resource for investors and traders seeking the latest updates and insights on Quantum-Si stock.
Quantum-Si Incorporated develops proteomics technology for single-molecule protein sequencing and protein analysis. Its updates center on benchtop platform development, real-time kinetic-based detection, and product work around Proteus instruments, the KinetIQ Array and Platinum Pro customer use.
Recurring company news includes quarterly financial results and non-GAAP operating measures, Proteus prototype and integrated-instrument sequencing milestones, amino-acid detection coverage, customer sample testing, scientific posters and manuscripts using Quantum-Si technology, investor conference participation, and equity-inducement grants under Nasdaq rules.
Quantum-Si (Nasdaq: QSI) reported its Q4 and FY 2022 results, highlighting a net loss of $33.1 million for Q4 and $132.4 million for the full year. The company launched its Platinum™ protein sequencing system and started shipments in Q1 2023. It has a projected cash runway extending into 2026, with $351.3 million in cash and equivalents as of year-end 2022. Key partnerships were formed, including collaborations with Aviva Systems Biology and Biovista. R&D expenses increased significantly, totaling $72.1 million for the year, largely due to personnel costs and product development. Adjusted EBITDA was negative $100.6 million for 2022.
Quantum-Si Incorporated (NASDAQ: QSI), known as The Protein Sequencing CompanyTM, will participate in the 43rd Annual Cowen Health Care Conference in Boston, MA, from March 6-8, 2023. Management will present on March 7, 2023, at 9:10 AM ET. A live and archived webcast of the presentation will be accessible in the Investors section of the Quantum-Si website.
Quantum-Si focuses on advancing proteomics technology through its innovative semiconductor chip, intended to enhance single-molecule protein sequencing and promote drug discovery and diagnostics.
Quantum-Si Incorporated (QSI), known as The Protein Sequencing Company, will report its financial results for Q4 and full-year 2022 on March 6, 2023, before the market opens. The company will host a conference call at 8:30 AM ET on the same day to discuss these results along with a business update. Quantum-Si focuses on innovative proteomics technology, utilizing a unique semiconductor chip aimed at advancing drug discovery and diagnostics beyond traditional DNA sequencing methods. Further details and a replay of the call will be accessible through the company's website.
Quantum-Si Incorporated (NASDAQ: QSI) has announced the commencement of commercial shipments for its Platinum protein sequencing system. The company formed partnerships with Aviva Systems Biology and Biovista to enhance its protein sequencing research capabilities. Additionally, Quantum-Si reaffirmed its commitment to financial discipline, aiming to extend its cash runway beyond 2024. CEO Jeff Hawkins highlighted the launch as a pivotal transition from technology development to market delivery. The company will present updates at the 41st Annual J.P. Morgan Healthcare Conference on January 12.
Quantum-Si (NASDAQ: QSI) has announced a partnership with Aviva Systems Biology to develop protein enrichment kits aimed at enhancing protein sequencing capabilities. These kits will integrate with existing workflows, allowing researchers to investigate proteoforms through Quantum-Si's Platinum protein sequencing platform. CEO Jeff Hawkins emphasized the importance of protein function in understanding biological processes, while Aviva's President Kevin Harvey highlighted the collaboration's potential to accelerate discoveries in protein research.
Quantum-Si Incorporated (NASDAQ: QSI) announced a partnership with Biovista to enhance drug discovery through advanced protein sequencing and AI visualization technology. This collaboration aims to speed up protein drug target discovery by allowing researchers to analyze connections between proteins, diseases, and drug mechanisms. The integration of Biovista's VIZIT™ tool into Quantum-Si's cloud-based suite enhances proteomic workflows, facilitating the discovery of new therapeutic targets and biomarkers.
Quantum-Si Incorporated (NASDAQ: QSI), known as The Protein Sequencing Company™, will participate in the 41st Annual J.P. Morgan Healthcare Conference in San Francisco, CA, from January 9-12, 2023. The company's management is set to present on January 12 at 10:30 am PST, discussing recent advancements including the launch of their innovative Platinum™ instrument, which enables next-generation single-molecule protein sequencing. A live and archived webcast will be available on the Quantum-Si website for those unable to attend.
Quantum-Si (NASDAQ: QSI) announced the launch of Platinum™, the first next-generation single-molecule protein sequencing platform, now available for $70,000. This innovative technology is expected to revolutionize the field of proteomics by providing broad access to high-resolution protein sequencing data, facilitating advancements in drug discovery and diagnostics. The company also appointed Grace Johnston, PhD, as Chief Commercial Officer to lead global sales and commercial activities. Shipments for the new platform are set to begin in Q1 2023.
Quantum-Si, known as The Protein Sequencing Company™, has joined the Human Proteome Organization (HUPO) Industrial Advisory Board. This collaboration aims to advance proteomics technologies and enhance understanding of human diseases. Dan Hanson and Dr. Brian Reed will represent Quantum-Si, which is actively participating in HUPO's 21st World Congress in Cancun and the upcoming US HUPO Conference in Chicago. CEO Jeff Hawkins emphasized the importance of protein sequencing in revolutionizing life science research and drug discovery.
Quantum-Si (Nasdaq: QSI) reported its third-quarter 2022 financial results, showing a net loss of $31.7 million, up from $18.1 million in Q3 2021. Operating expenses rose to $27.7 million, a 9.9% increase year-over-year, mainly driven by R&D costs reaching $16.7 million, compared to $11.1 million in the prior year. However, the company is lowering its operating expense growth guidance to 25-30% for 2022, down from 40-50%. Quantum-Si aims to launch its Platinum protein sequencing instrument by year-end 2022 and is managing costs effectively as it prepares for commercialization.