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, 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.
Quantum-Si (NASDAQ: QSI) announced its participation in the 16th Annual Canaccord Genuity MedTech, Diagnostics and Digital Health & Services Forum on November 17, 2022, in New York. CEO Jeff Hawkins and COO Patrick Schneider will engage in a fireside chat at 3:30 pm ET, discussing advancements in the commercialization of their innovative Platinum™ protein sequencing instrument, aimed at revolutionizing proteomics. A live and archived webcast will be available in the Investors section of the Quantum-Si website.
Quantum-Si Incorporated (NASDAQ: QSI) will announce its third-quarter 2022 financial results on November 7, 2022, after market close. Management will host a conference call at 4:30 p.m. ET on the same day to discuss these results and provide a business update. Quantum-Si focuses on advancing proteomics through its innovative semiconductor chip designed for single-molecule protein sequencing, enhancing drug discovery and diagnostics beyond traditional DNA sequencing methods.
Quantum-Si, a life sciences company (NASDAQ: QSI), announced a groundbreaking development in protein sequencing technology. Published in Science, their research presents a next-generation single-molecule protein sequencing platform utilizing semiconductor chips and Time Domain Sequencing™, offering real-time amino acid insights. This innovation promises to enhance drug discovery and diagnostics, significantly impacting biomedical research. Founded by Dr. Jonathan Rothberg, Quantum-Si aims to redefine proteomics, facilitating greater understanding of proteins and their roles in health and disease.
Quantum-Si Incorporated (NASDAQ: QSI) has appointed Jeff Hawkins as its new Chief Executive Officer, effective October 10, 2022. Hawkins succeeds Dr. Jonathan Rothberg, who has been Interim CEO since the company's founding. With over 20 years in life sciences, Hawkins previously led significant growth at Illumina and Truvian Sciences. He will oversee the launch of Quantum-Si's Platinum™ instrument, the first next-generation single-molecule protein sequencing platform. This transition aims to propel the company into a new growth phase.
Quantum-Si Incorporated (Nasdaq: QSI) announced participation in the Morgan Stanley 20th Annual Global Healthcare Conference from September 12-14, 2022, in New York, NY. Patrick Schneider, President and COO, will engage in a fireside chat on September 14, 2022, at 10:35 am ET. The discussion will focus on the company's advancements toward commercialization of the Platinum™ instrument, a pioneering platform for single-molecule protein sequencing. A live and archived webcast will be available in the Investors section of Quantum-Si's website.
Quantum-Si Incorporated (Nasdaq: QSI) reported its second quarter 2022 financial results, revealing a net loss of $32.4 million, an improvement from a loss of $35.7 million in Q2 2021. Operating expenses decreased 6% to $30.2 million. Research and development costs rose to $18.5 million due to increased product development activities. Despite the challenges, the company achieved significant milestones in protein sequencing, demonstrating recognition of 15 out of 20 amino acids. Quantum-Si maintains a strong cash position of $400.7 million, enabling continued business investments.
Quantum-Si Incorporated (NASDAQ: QSI) announced participation in two investor conferences featuring President and COO Patrick Schneider. The Canaccord Genuity 42nd Annual Growth Conference is on August 10, 2022, at 8:30 am ET, and the UBS Genomics 2.0 and MedTech Innovations Summit is on August 11, 2022, at 3:00 pm PT. Discussions will focus on the company's advancements in commercializing its innovative Platinum™ instrument for single-molecule protein sequencing. Archived webcasts will be available on Quantum-Si's website.
Quantum-Si Incorporated (NASDAQ: QSI) announced it will report its financial results for Q2 2022 after market close on August 8, 2022. A conference call will be held on the same day at 4:30 p.m. ET to discuss the results and provide a business update. Quantum-Si focuses on innovative single molecule protein sequencing technologies aimed at advancing proteomics, drug discovery, and diagnostics.