ZACKSยท2025-08-07 17:01Core Insights - Quantum-Si incorporated (QSI) reported a second-quarter 2025 loss of 16 cents per share, matching the Zacks Consensus Estimate, with revenues increasing 12.4% year over year to $0.59 million but missing estimates by 61.12% [1][9] Financial Performance - QSI's product revenues were $0.56 million, a decrease of 4.5% year over year, while service revenues were $0.03 million, down 13.2% year over year [2] - Domestic revenues accounted for $0.156 million (26.4% of total revenues), decreasing 13.3% year over year, while international revenues were $0.435 million (73.6% of total revenues), down 1.6% year over year [3] - Gross profit for Q2 was $0.351 million, a decline of 0.8% from the previous year, with a gross margin of 59.4%, up 250 basis points year over year [4] - Non-GAAP operating expenses decreased to $0.237 million from $0.244 million year over year, while GAAP operating expenses increased to $0.304 million from $0.268 million [5] Balance Sheet and Cash Flow - QSI ended the quarter with cash and cash equivalents of $0.22 million, down from $0.37 million in the prior quarter, and total debt of $0.33 million as of June 30, 2025, with a net cash outflow from operating activities of $0.46 million [6] Guidance and Estimates - QSI revised its 2025 guidance, now expecting adjusted operating expenses of less than or equal to $98 million, down from a previous estimate of $103 million [7] - The Zacks Consensus Estimate for QSI's 2025 revenues is $5.7 million, indicating an 85.1% year-over-year increase, while the bottom line is expected to show a loss of 62 cents, reflecting a 6% year-over-year improvement [7]