Quantum-Si incorporated, a life sciences company, engages in the development of single-molecule detection platform to enable Next Generation Protein Sequencing (NGPS). The company's platform is comprised of the Platinum NGPS instrument; the Platinum Analysis Software service; and reagent kits and semiconductor chips for use with its instruments.

• Oversold Conditions- The company stock is in oversold territory as it is trading at a fairly decent price or perhaps an oversold price which is creating an opportunity to dive in and achieve decent portfolio growth.

• We expect the stock to be volatile however to generate short to midterm results.

• In the second quarter of 2024, the Company generated $622,000. Gross profit was $354,000, while the gross margin was 57%. For the six months ending June 30, 2024, the Company generated $1.1 million in sales, $623,000 in gross profit, and a 57% gross margin. 
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  Total operating expenses were $26.8 million in the second quarter of 2024, compared to $27.0 million in the same time last year, and $50.4 million for the six months ended June 30, 2024, compared to $56.3 million the previous year.

• Adjusted total operating expenses were $24.4 million in the second quarter of June 30, 2024, compared to $24.0 million in the same period of the previous year, and $46.3 million for the six months ended June 30, 2024, compared to $48.7 million in the same period of the prior year.

• The net loss was $23.1 million in the second quarter of 2024, compared to a net loss of $25.6 million in the same period the previous year, and a net loss of $42.6 million for the six months ended June 30, 2024, compared to a net loss of $49.2 million for the same period the previous year.

Acrobull UK Recommendation Based on Evaluation