$QSI
Quantum-Si Inc

2023 Q2 Form 10-Q Financial Statement

#000114036123038382 Filed on August 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2022 Q2
Revenue $205.0K $0.00
YoY Change
Cost Of Revenue $127.0K $0.00
YoY Change
Gross Profit $78.00K $0.00
YoY Change
Gross Profit Margin 38.05%
Selling, General & Admin $11.14M $11.74M
YoY Change -5.15% -38.37%
% of Gross Profit 14276.92%
Research & Development $15.83M $18.46M
YoY Change -14.22% 40.76%
% of Gross Profit 20300.0%
Depreciation & Amortization $1.090M $608.0K
YoY Change 79.28% 158.72%
% of Gross Profit 1397.44%
Operating Expenses $26.97M $30.20M
YoY Change -10.7% -6.11%
Operating Profit -$26.89M -$30.20M
YoY Change -10.95% -6.11%
Interest Expense $2.483M $0.00
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net -$854.0K -$5.603M
YoY Change -84.76% -186866.67%
Pretax Income -$25.57M -$32.41M
YoY Change -21.11% -9.2%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$25.57M -$32.41M
YoY Change -21.11% -9.2%
Net Earnings / Revenue -12474.63%
Basic Earnings Per Share -$0.18 -$0.23
Diluted Earnings Per Share -$0.18 -$0.23
COMMON SHARES
Basic Shares Outstanding 141.5M 139.0M
Diluted Shares Outstanding 141.5M 139.0M

Balance Sheet

Concept 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $297.2M $400.7M
YoY Change -25.83% -23.23%
Cash & Equivalents $87.93M $81.27M
Short-Term Investments $209.3M $319.4M
Other Short-Term Assets $7.304M $4.436M
YoY Change 64.65% 105.66%
Inventory $1.978M
Prepaid Expenses
Receivables $327.0K
Other Receivables $0.00
Total Short-Term Assets $306.8M $405.1M
YoY Change -24.27% -22.7%
LONG-TERM ASSETS
Property, Plant & Equipment $18.10M $12.56M
YoY Change 44.12% 339.69%
Goodwill $9.483M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $701.0K $690.0K
YoY Change 1.59%
Total Long-Term Assets $34.37M $38.15M
YoY Change -9.89% 1235.18%
TOTAL ASSETS
Total Short-Term Assets $306.8M $405.1M
Total Long-Term Assets $34.37M $38.15M
Total Assets $341.2M $443.3M
YoY Change -23.03% -15.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $833.0K $2.370M
YoY Change -64.85% -21.83%
Accrued Expenses $9.360M $9.062M
YoY Change 3.29% 129.65%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $10.19M $11.43M
YoY Change -10.84% 45.37%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $32.00K $0.00
YoY Change -100.0%
Total Long-Term Liabilities $32.00K $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.19M $11.43M
Total Long-Term Liabilities $32.00K $0.00
Total Liabilities $25.87M $29.76M
YoY Change -13.05% 29.3%
SHAREHOLDERS EQUITY
Retained Earnings -$448.9M -$334.8M
YoY Change 34.06% 52.39%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $315.3M $413.5M
YoY Change
Total Liabilities & Shareholders Equity $341.2M $443.3M
YoY Change -23.03% -15.88%

Cashflow Statement

Concept 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income -$25.57M -$32.41M
YoY Change -21.11% -9.2%
Depreciation, Depletion And Amortization $1.090M $608.0K
YoY Change 79.28% 158.72%
Cash From Operating Activities -$22.92M -$25.95M
YoY Change -11.64% 35.56%
INVESTING ACTIVITIES
Capital Expenditures $801.0K -$2.962M
YoY Change -127.04% 306.31%
Acquisitions
YoY Change
Other Investing Activities $30.00M $75.78M
YoY Change -60.41%
Cash From Investing Activities $29.20M $72.82M
YoY Change -59.9% -10088.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -584.0K
YoY Change -100.0% -100.11%
NET CHANGE
Cash From Operating Activities -22.92M -25.95M
Cash From Investing Activities 29.20M 72.82M
Cash From Financing Activities 0.000 -584.0K
Net Change In Cash 6.274M 46.29M
YoY Change -86.45% -90.65%
FREE CASH FLOW
Cash From Operating Activities -$22.92M -$25.95M
Capital Expenditures $801.0K -$2.962M
Free Cash Flow -$23.73M -$22.98M
YoY Change 3.23% 24.84%

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CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2023Q2 us-gaap Restructuring Charges
RestructuringCharges
1067000
us-gaap Restructuring Charges
RestructuringCharges
1880000
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0
CY2023Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0
CY2022Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0

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