Quantum-Si: Market Overreaction May Provide An Excellent Entry Point

Aug. 09, 2023 10:27 PM ETQuantum-Si incorporated (QSI) StockQSI14 Comments
Stephen Tobin
6.73K Followers

Summary

  • Quantum-SI released its Q2 2023 earnings report, which showed lower-than-expected revenue and reduced forward guidance.
  • The company shelved its carbon product and identified problems with its AI software.
  • Despite the market's negative reaction, the company has strong potential in the protein sequencing market and has a solid financial position.

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Quantum-Si Inc. (NASDAQ:QSI) released its Q2 2023 earnings report on Monday, August 7th, and the market did not take it well.

Q2 revenue fell well below expectations at $200K v $400K, and forward guidance was reduced. A key product

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6.73K Followers
I look at small to mid-cap companies with disruptive technology. I provide competitive analysis of companies and often research the founders and their previous endeavors.  I follow, investigate and report on companies that I believe have growth potential and highlight some of the ones best avoided. I invest with a two-year time frame but often keep investments for far longer.I am the third generation of investors in my family, my grandfather lost money in the 1929 stock market crash, and the oil crises of the 1970s almost wiped out my Father. I traded through the dot com bubble and the credit crisis. The family has learned the hard way to choose winners, avoid losers, cut losses early, and let winners run. I have an MBA and qualifications in accounting and company valuation. I have been a full-time investor and analyst for several years and began my career with the Bank of America in the 1980s. My Father concentrated on computers and banking stocks, and my Grandfather transport and utilities. I still have some of their original holdings. Currently, I am focused on the electrification of everything.

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