Quantum-Si appoints Patrick Schneider as President/COO; Q1 net loss $35.2M, cash $434.8M

Quantum-Si Inc

Q1 2022 net loss $35.2M (vs $11.8M YoY) on R&D $18.8M and SG&A $8.4M. Cash $434.8M.
Patrick Schneider appointed President & COO effective May 9; Michael McKenna becomes EVP Product Dev & Ops.
Schneider receives $475k salary, $400k sign-on (recoverable), 1M options + performance options at $10/$20 targets.
Targeting product launch H2 2022; completed chip production tech transfer to Garnet Valley, PA facility.
Adjusted EBITDA -$27.4M in Q1 2022 vs -$11.1M YoY.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Patrick Schneider

President and Chief Operating Officer

QSI · Quantum-Si Inc

Effective: 2022-05-09
Filed: May 9, 2022, 7:59 PM ET

on May 9, 2022, the Company announced that Patrick Schneider was appointed by the Board as President and Chief Operating Officer of the Company, effective as of May 9, 2022.

Role change

Michael P. McKenna

Executive Vice President, Product Development and Operations

QSI · Quantum-Si Inc

Effective: 2022-05-06
Filed: May 9, 2022, 7:59 PM ET

the Board of Directors (the “Board”) of the Company approved a title change for Michael P. McKenna, Ph.D., from President and Chief Operating Officer of the Company to Executive Vice President, Product Development and Operations of the Company, effective as of May 6, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Patrick Schneider was appointed as President and Chief Operating Officer at Quantum-Si Inc.

Action: appointed
Role: President and Chief Operating Officer

Exact text from the filing

on May 9, 2022, the Company announced that Patrick Schneider was appointed by the Board as President and Chief Operating Officer of the Company, effective as of May 9, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael P. McKenna changed role as Executive Vice President, Product Development and Operations at Quantum-Si Inc.

Action: title change
Role: Executive Vice President, Product Development and Operations

Exact text from the filing

the Board of Directors (the “Board”) of the Company approved a title change for Michael P. McKenna, Ph.D., from President and Chief Operating Officer of the Company to Executive Vice President, Product Development and Operations of the Company, effective as of May 6, 2022

View on SEC.gov

Quantum-Si Inc filing history →

Source: SEC EDGAR

accession 0001140361-22-018310

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