Quantum-Si announces 20% workforce cuts; Q2 revenue falls 42% as Proteus launch delayed - QSI News | RalliesQuantum-Si announces 20% workforce cuts; Q2 revenue falls 42% as Proteus launch delayed
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QSI• Workforce cut and outlook
- The company cut its workforce by 20% as part of cost-management actions
- Q2 operating expenses were $25.80 million, while operating loss was $25.63 million
- Quantum-Si expects 2026 revenue of about $1.0 million and adjusted operating expenses of $98.0 million or less
- Cost-reduction actions are expected to extend cash runway into Q4 2028
Proteus launch pushed to Q2 2027
- Quantum-Si updated the anticipated Proteus commercial launch to Q2 2027
- The company said the delay is to complete an additional design cycle
- Continued investment in Proteus development and commercialization readiness impacted spending levels
Q2 revenue falls during platform transition
- US proteomics tech firm's Q2 revenue fell year over year during transition to new Proteus platform
- Revenue decline was attributed to lower instrument demand and customer migration during the transition from Platinum to anticipated Proteus platform
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