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 (QSI) announced major technical advances at its Investor & Analyst event, introducing two key platforms: Platinum Pro and Proteus. Platinum Pro, launching in H1 2025, will offer streamlined workflow, reduced processing time, and custom application development. Proteus, launching in H2 2026, represents a new proteomics platform featuring ultrasensitive detection, automated liquid handling, and rapid sequencing chemistry with 90-minute run times.
The company announced strategic partnerships with Avantor for distribution in US/Canada, NVIDIA for enhanced data processing, SkyWater for consumable platform development, and Planet Innovation for manufacturing support.
Quantum-Si (Nasdaq: QSI) has entered into a distribution agreement with Avantor (NYSE: AVTR) for its Next-Generation Protein Sequencing (NGPS) technology portfolio in the U.S. and Canadian markets. The collaboration will enable broader access to QSI's proteomics solutions across various laboratory settings. The platform utilizes single-molecule sequencing technology for protein and biomarker identification, antibody characterization, protein barcoding, and post-translational modification analysis, supporting applications in drug discovery, diagnostics, and clinical research.
Quantum-Si (Nasdaq: QSI) announced a collaboration with NVIDIA to develop its new proteomics platform, Proteus™, and advance its core technologies using NVIDIA AI and accelerated computing. The partnership aims to enhance data processing speeds to handle increased data volume from Proteus. By combining NVIDIA's computing capabilities with Quantum-Si's single-molecule protein sequencing technologies, they plan to develop a robust data processing system for generating protein insights to advance research, drug discovery, and healthcare AI. The company is already utilizing NVIDIA BioNeMo for protein structure prediction tools.
Quantum-Si (QSI) and SkyWater Technology are expanding their collaboration to develop the consumable for Proteus™, QSI's next-generation protein sequencing platform. This builds upon their existing partnership since 2021 on the first-generation Platinum® platform. SkyWater will continue supplying consumables for Platinum Pro while supporting Proteus commercialization. The new platform aims to enable simultaneous large factor protein sequencing with enhanced accuracy. SkyWater, certified to ISO 13485 Quality Standard for Medical Devices, will leverage its Technology as a Service (TaaS) model and manufacturing capabilities to support this development.
Quantum-Si (Nasdaq: QSI) has announced a partnership with Planet Innovation for the development and manufacturing of its novel proteomics platform, Proteus™. Planet Innovation, which currently manufactures QSI's Platinum® Pro instrument, will expand its role to support Proteus instrument development and serve as the contract manufacturing partner. The partnership aims to bring the platform to market in under two years, with Planet Innovation leveraging its team of over 400 experts in scientific instrumentation and medical devices development. The Platinum® Pro instrument is scheduled to debut in the first half of 2025.
Quantum-Si (Nasdaq: QSI) announced that its Board's Compensation Committee has granted 340,460 restricted stock units (RSUs) to a new employee under the 2023 Inducement Plan. The RSUs will vest 25% on December 20, 2025, with the remaining vesting in 12 equal quarterly installments thereafter, subject to continued employment. The grant complies with Nasdaq Listing Rule 5635(c)(4) and serves as an inducement for new employees who were not previously with the company.
Quantum-Si (Nasdaq: QSI) has been awarded Frost & Sullivan's 2024 Technology Innovation Leadership Award in North America for its groundbreaking Platinum® instrument, the first benchtop sequencer offering single-molecule protein sequencing at the amino acid level. The technology enables deep insights into protein structure and function through a compact, accessible, and cost-effective instrument. The Platinum device integrates proprietary image sensors for single-molecule detection and precision sequencing, making protein research more accessible to labs of all sizes. The company's innovation is backed by an extensive intellectual property portfolio of over 1,000 issued and pending patents.
Quantum-Si (QSI) reported Q3 2024 financial results with revenue of $787,000 and gross margin of 47%. The company experienced sales pipeline acceleration but noted lengthening sales cycles, making it unlikely to achieve the full-year revenue guidance of $3.7-4.2 million. Operating expenses were $28.5 million, with a net loss of $25.3 million. Cash position stands at $196.3 million, providing runway into H2 2026. New library preparation and barcoding kits remain on track for Q4 launch. The company appointed Todd Bennett as CCO, highlighting improved commercial execution despite market challenges.
Quantum-Si (QSI) announced a new preprint publication demonstrating their Platinum single-molecule benchtop sequencer's capabilities in distinguishing proteoform-informative peptides within human tropomyosin genes. The study, led by Dr. Gloria Sheynkman at the University of Virginia School of Medicine, showcases Platinum's ability to achieve single amino acid resolution, differentiating TPM1 and TPM2 paralogous peptides and resolving phosphotyrosine modifications and TPM2 splice variants. The technology demonstrates advantages over traditional mass spectrometry techniques, particularly in detecting sequences with challenging molecular weights.
Quantum-Si (Nasdaq: QSI), The Protein Sequencing Company™, has announced its participation in two upcoming investment conferences. CEO Jeff Hawkins will engage in fireside chat discussions at the UBS Global Healthcare Conference on November 13th at 8:45 AM PT and the Canaccord Medtech, Diagnostics & Services Forum in New York City on November 21st at 8:00 AM ET. Both events will be available via live and archived webcasts in the 'Investors' section of Quantum-Si's website under Events & Presentations.