$QSI
Quantum-Si Inc

2021 Q4 Form 10-K Financial Statement

#000114036122007334 Filed on March 01, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue $0.00
YoY Change
Gross Profit $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin $13.41M $14.07M $50.33M
YoY Change 46.73% 450.93%
% of Gross Profit
Research & Development $14.39M $11.10M $46.58M
YoY Change 69.03%
% of Gross Profit
Depreciation & Amortization $329.0K $264.0K $1.041M
YoY Change -63.2% 16.44%
% of Gross Profit
Operating Expenses $27.79M $25.18M $96.91M
YoY Change -24.26% 164.12%
Operating Profit -$25.18M -$96.91M
YoY Change 49613.67% 164.12%
Interest Expense $1.808M $739.0K $5.000K
YoY Change 1954.55% 194373.68% -44.44%
% of Operating Profit
Other Income/Expense, Net -$3.440M $6.345M -$5.004M
YoY Change 34300.0% 49940.0%
Pretax Income -$29.42M -$18.09M -$94.99M
YoY Change -19.64% 35901.99% 159.44%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$29.42M -$18.09M -$94.99M
YoY Change -19.64% 111.42% 159.44%
Net Earnings / Revenue
Basic Earnings Per Share -$0.13 -$1.19
Diluted Earnings Per Share -$213.2K -$0.13 -$1.19
COMMON SHARES
Basic Shares Outstanding 136.5M 79.58M
Diluted Shares Outstanding 136.5M 79.58M

Balance Sheet

Concept 2021 Q4 2021 Q3 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $471.3M $500.2M $471.3M
YoY Change 1176.9% 42846.37% 1176.9%
Cash & Equivalents $35.79M $62.10M $35.79M
Short-Term Investments $435.5M $438.1M $435.5M
Other Short-Term Assets $5.868M $4.997M $5.868M
YoY Change 518.99% 2761.81% 518.99%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $477.2M $505.2M $477.2M
YoY Change 1160.43% 37620.5% 1160.43%
LONG-TERM ASSETS
Property, Plant & Equipment $8.908M $4.207M $15.88M
YoY Change 346.29% 695.64%
Goodwill $9.483M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $690.0K $117.0K $690.0K
YoY Change -6.5%
Total Long-Term Assets $26.05M $4.324M $26.05M
YoY Change 852.96% -96.24% 852.96%
TOTAL ASSETS
Total Short-Term Assets $477.2M $505.2M $477.2M
Total Long-Term Assets $26.05M $4.324M $26.05M
Total Assets $503.2M $509.5M $503.2M
YoY Change 1139.72% 337.96% 1139.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.393M $3.172M $3.393M
YoY Change 155.3% 7218.87% 155.3%
Accrued Expenses $8.135M $4.024M $8.135M
YoY Change 470.88% 8842.22% 470.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.53M $7.196M $11.53M
YoY Change 318.59% 8045.8% 318.59%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $206.0K $239.0K $14.66M
YoY Change -94.06% 738.42%
Total Long-Term Liabilities $206.0K $239.0K $14.66M
YoY Change -94.06% 738.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.53M $7.196M $11.53M
Total Long-Term Liabilities $206.0K $239.0K $14.66M
Total Liabilities $26.19M $15.61M $26.19M
YoY Change 481.66% 279.52% 481.66%
SHAREHOLDERS EQUITY
Retained Earnings -$267.2M
YoY Change 55.15%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $477.0M $493.9M $477.0M
YoY Change
Total Liabilities & Shareholders Equity $503.2M $509.5M $503.2M
YoY Change 1139.72% 337.96% 1139.72%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021
OPERATING ACTIVITIES
Net Income -$29.42M -$18.09M -$94.99M
YoY Change -19.64% 111.42% 159.44%
Depreciation, Depletion And Amortization $329.0K $264.0K $1.041M
YoY Change -63.2% 16.44%
Cash From Operating Activities -$17.70M -$19.24M -$66.81M
YoY Change -45.37% 10420.5% 105.12%
INVESTING ACTIVITIES
Capital Expenditures -$3.409M -$1.125M $5.763M
YoY Change 639.48% 1150.11%
Acquisitions
YoY Change
Other Investing Activities -$6.438M -$438.7M -$445.2M
YoY Change -105.6% 281.51%
Cash From Investing Activities -$9.847M -$439.9M -$450.9M
YoY Change -108.6% 282.49% 97717.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.225M -730.0K 516.6M
YoY Change -101.54% -100.63% 1295.76%
NET CHANGE
Cash From Operating Activities -17.70M -19.24M -66.81M
Cash From Investing Activities -9.847M -439.9M -450.9M
Cash From Financing Activities 1.225M -730.0K 516.6M
Net Change In Cash -26.32M -459.8M -1.125M
YoY Change -1034.83% -40446.14% -128.27%
FREE CASH FLOW
Cash From Operating Activities -$17.70M -$19.24M -$66.81M
Capital Expenditures -$3.409M -$1.125M $5.763M
Free Cash Flow -$14.29M -$18.12M -$72.58M
YoY Change -55.25% 119.7%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021 dei Amendment Flag
AmendmentFlag
false
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2021 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
CY2021 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2021 dei Entity Central Index Key
EntityCentralIndexKey
0001816431
CY2020Q3 qsi Number Of Warrants Issued Per Unit Issued
NumberOfWarrantsIssuedPerUnitIssued
0.33
CY2021 dei Auditor Firm
AuditorFirmId
34
CY2021 dei Document Type
DocumentType
10-K
CY2021 dei Document Annual Report
DocumentAnnualReport
true
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-31
CY2021 dei Document Transition Report
DocumentTransitionReport
false
CY2021 dei Entity File Number
EntityFileNumber
001-39486
CY2021 dei Entity Registrant Name
EntityRegistrantName
QUANTUM-SI INCORPORATED
CY2021 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2021 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
85-1388175
CY2021 dei Entity Address Address Line1
EntityAddressAddressLine1
530 Old Whitfield Street
CY2021 dei Entity Address City Or Town
EntityAddressCityOrTown
Guilford
CY2021 dei Entity Address State Or Province
EntityAddressStateOrProvince
CT
CY2021 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
06437
CY2021 dei City Area Code
CityAreaCode
203
CY2021 dei Local Phone Number
LocalPhoneNumber
458-7100
CY2021 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2021 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2021 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2021 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2021 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2021 dei Entity Small Business
EntitySmallBusiness
true
CY2021 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2021 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2021 dei Entity Shell Company
EntityShellCompany
false
CY2021Q2 dei Entity Public Float
EntityPublicFloat
1100000000
CY2021 dei Auditor Name
AuditorName
Deloitte & Touche LLP
CY2021 dei Auditor Name
AuditorName
Deloitte & Touche LLP
CY2021 dei Auditor Location
AuditorLocation
New York, New York
CY2021Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
435519000
CY2020Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
0
CY2021Q4 qsi Other Assets Noncurrent Related Party
OtherAssetsNoncurrentRelatedParty
0
CY2020Q4 qsi Other Assets Noncurrent Related Party
OtherAssetsNoncurrentRelatedParty
738000
CY2021Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
0
CY2020Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
1749000
CY2020Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
0
CY2020Q4 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
216000
CY2021Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
0
CY2020Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
92078549
CY2021Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0
CY2021Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
0
CY2020Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
90789268
CY2020Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
90789268
CY2021Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0
CY2020Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
195814000
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
46377000
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7984000
CY2019 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7884000
CY2021 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
3956000
CY2020 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1152000
CY2019 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
634000
CY2020 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
35259000
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-94989000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-94989000
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-36613000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-36613000
CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-35792000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-35792000
CY2019 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
18126000
CY2021 qsi Temporary Equity Stock Issued During Period Issuance Costs
TemporaryEquityStockIssuedDuringPeriodIssuanceCosts
4000
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0
CY2020 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
63000
CY2021 qsi Temporary Equity Stock Issued During Period Shares New Issues
TemporaryEquityStockIssuedDuringPeriodSharesNewIssues
0
CY2021 qsi Temporary Equity Stock Converted Shares Issued
TemporaryEquityStockConvertedSharesIssued
90789268
CY2021 qsi Temporary Equity Stock Converted Shares Issued Value
TemporaryEquityStockConvertedSharesIssuedValue
195810000
CY2021 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
195810000
CY2021 qsi Stock Issued During Period Value Business Combination
StockIssuedDuringPeriodValueBusinessCombination
501170000
CY2021 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-5023000
CY2020 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0
CY2019 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0
CY2021 qsi Write Off Of Intellectual Property
WriteOffOfIntellectualProperty
0
CY2020 qsi Write Off Of Intellectual Property
WriteOffOfIntellectualProperty
0
CY2019 qsi Write Off Of Intellectual Property
WriteOffOfIntellectualProperty
500000
CY2021 qsi Increase Decrease In Operating Lease Liability Current
IncreaseDecreaseInOperatingLeaseLiabilityCurrent
859000
CY2020 qsi Increase Decrease In Operating Lease Liability Current
IncreaseDecreaseInOperatingLeaseLiabilityCurrent
0
CY2019 qsi Increase Decrease In Operating Lease Liability Current
IncreaseDecreaseInOperatingLeaseLiabilityCurrent
0
CY2021 us-gaap Comparability Of Prior Year Financial Data
ComparabilityOfPriorYearFinancialData
<div><br/> </div> <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold;">Reclassifications</div> <div style="text-align: left; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Certain prior year amounts have been reclassified for consistency with the current year presentation.</div>
CY2021 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-5023000
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
68000
CY2021Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
7276000
CY2020Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
1425000
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
0
CY2019 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2021 us-gaap Advertising Expense
AdvertisingExpense
0
CY2020 us-gaap Advertising Expense
AdvertisingExpense
87000
CY2019 us-gaap Advertising Expense
AdvertisingExpense
15000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2021Q2 qsi Business Combination Increase Decrease In Cash
BusinessCombinationIncreaseDecreaseInCash
540276000
CY2021Q2 qsi Business Combination Increase Decrease In Cash
BusinessCombinationIncreaseDecreaseInCash
540276000
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0
CY2020Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2020Q4 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
0
CY2021Q4 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
0
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0
CY2021Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
CY2020Q4 us-gaap Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
0
CY2021Q4 us-gaap Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
0
CY2020Q4 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2021Q4 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
0
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
0
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
0
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
0
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
CY2021Q4 qsi Accrued Contracted Services Current
AccruedContractedServicesCurrent
2606000
CY2020Q4 qsi Accrued Contracted Services Current
AccruedContractedServicesCurrent
399000
CY2021Q4 qsi Accrued Acquisition Related Fees Current
AccruedAcquisitionRelatedFeesCurrent
1331000
CY2020Q4 qsi Accrued Acquisition Related Fees Current
AccruedAcquisitionRelatedFeesCurrent
0
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
636000
CY2020Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
447000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
23000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
12783000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5228000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3875000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3232000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8908000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1996000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1041000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
894000
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
780000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2680000
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
511000
CY2020Q3 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
1749000
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
0
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
630000
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
524000
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
63000
CY2021 us-gaap Lease Cost
LeaseCost
1217000
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y10M24D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.070
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
293000
CY2020Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
92078549
CY2020Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
90789268
CY2020Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
90789268
CY2021Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0
CY2021Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
0
CY2020 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.08
CY2020 qsi Preferred Stock Convertible Gross Proceeds From Sale Of Common Stock
PreferredStockConvertibleGrossProceedsFromSaleOfCommonStock
80000000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7388000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1373000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1650000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1694000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1739000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1754000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1647000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
9857000
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1779000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
8078000
CY2020 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
483000
CY2019 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
560000
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
0
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
0
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
240000
CY2021Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
122000
CY2021Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
127000
CY2021Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
133000
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
0
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
0
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
21000
CY2021Q1 us-gaap Lease Cost
LeaseCost
122000
CY2021Q2 us-gaap Lease Cost
LeaseCost
127000
CY2021Q3 us-gaap Lease Cost
LeaseCost
394000
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6443000
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
609000
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6842000
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y2M12D
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.070
CY2020Q4 qsi Number Of Issued Series Of Convertible Preferred Stock
NumberOfIssuedSeriesOfConvertiblePreferredStock
5
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
0
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.95
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
24918000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1924000
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2715000
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
34058000
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y1M6D
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-94989000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-36613000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-35792000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-94989000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-94989000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-36613000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-36613000
CY2019 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-35792000
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-35792000
CY2021 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
79578540
CY2020 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
5355463
CY2019 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
5146977
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
79578540
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79578540
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5355463
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5355463
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5146977
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5146977
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.19
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.19
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-6.84
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.84
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-6.95
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
16282263
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
98158809
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
92091754
CY2021Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
11618000
CY2021Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
7239000
CY2021 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
4379000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.070
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.067
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.065
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.028
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.030
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.020
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.016
CY2020 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.007
CY2019 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.009
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.006
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.001
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.004
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.330
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
63819000
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
42589000
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
10203000
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
2353000
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
161000
CY2021Q4 qsi Deferred Tax Assets Liabilities Gross
DeferredTaxAssetsLiabilitiesGross
82744000
CY2020Q4 qsi Deferred Tax Assets Liabilities Gross
DeferredTaxAssetsLiabilitiesGross
51374000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
82744000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
51374000
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.299
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.290
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
7178000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
6673000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1586000
CY2021Q4 qsi Deferred Tax Assets Leasing Arrangements
DeferredTaxAssetsLeasingArrangements
2184000
CY2020Q4 qsi Deferred Tax Assets Leasing Arrangements
DeferredTaxAssetsLeasingArrangements
0
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
2218000
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
182000
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
85097000
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
51535000
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
2093000
CY2020Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
0
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
245000
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
161000
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
15000
CY2020Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
0
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
82744000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
51374000
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
40441000
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
31370000
CY2020 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
10933000
CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
10352000
CY2021 qsi Period After End Of Month Related Party Balances Are Paid Or Received
PeriodAfterEndOfMonthRelatedPartyBalancesArePaidOrReceived
P30D
CY2021Q4 qsi Other Commitment Annual Minimum Fixed Payments
OtherCommitmentAnnualMinimumFixedPayments
220000
CY2019 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0

Files In Submission

Name View Source Status
0001140361-22-007334-index-headers.html Edgar Link pending
0001140361-22-007334-index.html Edgar Link pending
0001140361-22-007334.txt Edgar Link pending
0001140361-22-007334-xbrl.zip Edgar Link pending
brhc10034564_10k.htm Edgar Link pending
brhc10034564_10k_htm.xml Edgar Link completed
brhc10034564_ex10-12.htm Edgar Link pending
brhc10034564_ex23-1.htm Edgar Link pending
brhc10034564_ex3-2.htm Edgar Link pending
brhc10034564_ex31-1.htm Edgar Link pending
brhc10034564_ex31-2.htm Edgar Link pending
brhc10034564_ex32.htm Edgar Link pending
brhc10034564_ex4-1.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
image01.jpg Edgar Link pending
image02.jpg Edgar Link pending
image03.jpg Edgar Link pending
image04.jpg Edgar Link pending
image05.jpg Edgar Link pending
image06.jpg Edgar Link pending
image07.jpg Edgar Link pending
image08.jpg Edgar Link pending
image09.jpg Edgar Link pending
image10.jpg Edgar Link pending
image11.jpg Edgar Link pending
image12.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
qsi-20211231.xsd Edgar Link pending
qsi-20211231_cal.xml Edgar Link unprocessable
qsi-20211231_def.xml Edgar Link unprocessable
qsi-20211231_lab.xml Edgar Link unprocessable
qsi-20211231_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending