Quantum-Si Incorporated (QSI) Reports Q3 Loss, Lags Revenue Estimates

Financial Performance - Quantum-Si Incorporated reported a quarterly loss of $0.18 per share, better than the Zacks Consensus Estimate of a loss of $0.21, but worse than a loss of $0.15 per share a year ago, indicating an earnings surprise of 14.29% [1] - The company posted revenues of $0.79 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 25.76%, compared to revenues of $0.22 million in the same quarter last year [2] - Over the last four quarters, Quantum-Si has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Quantum-Si shares have declined approximately 50.3% since the beginning of the year, contrasting with the S&P 500's gain of 25.8% [3] - The current Zacks Rank for Quantum-Si is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.20 on revenues of $2.01 million, and for the current fiscal year, it is -$0.71 on revenues of $4.15 million [7] - The trend of estimate revisions for Quantum-Si is mixed, which could change following the recent earnings report [6] Industry Context - The Electronics - Semiconductors industry, to which Quantum-Si belongs, is currently ranked in the bottom 43% of over 250 Zacks industries, suggesting that the outlook for the industry can significantly impact stock performance [8]