In today's video I look at fundamentals and recent news for Quantum-Si (QSI -4.02%) and UiPath (PATH 1.67%). ARK Investment has recently purchased these two companies that have strong growth potential as long-term investments. Below I share a few highlights from the video.
- Both companies have a strong balance sheet with a substantial amount of cash and short-term investments and no debt. A strong balance sheet is essential since both companies are still in the early stages of business.
- Quantum-Si is a company developing semiconductor chip-based proteomics. Products are expected to be released in 2022, and the company has recently leased a new facility to scale production and expand research and development efforts.
- UiPath is a company developing software robots to automate numerous tasks for its customers. As of April 30, 2021, UiPath reported over 8,500 customers and 64% year-over-year growth in annual recurring revenue for a total of $653 million.
Click the video below for my full thoughts and analysis.
*Stock prices used were the closed prices of July 2, 2021. The video was published on July 6, 2021.