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Quantum Computing | 8-K: Current report

Quantum Computing | 8-K: Current report

Quantum Computing | 8-K：重大事件
美股SEC公告 ·  2024/06/11 17:29

Moomoo AI 已提取核心信息

Quantum Computing Inc. reported Q1 2024 revenue of $27,325, down 77% YoY, with a net loss of $6.9 million compared to $7.7 million in Q1 2023. Operating expenses decreased 9% to $6.4 million, primarily due to lower stock-based compensation costs. The company ended the quarter with $6.1 million in cash and cash equivalents.The company made significant progress on its TFLN chip manufacturing facility at Arizona State University's Research Park, investing $1.6 million in equipment during Q1. Following the SEC's action against former auditor BF Borgers on May 3, QCI appointed BPM LLP as its new independent registered public accounting firm to re-audit 2022-2023 financials and audit 2024 statements.QCI continues to focus on commercializing its room-temperature quantum computing technology and expanding its quantum sensing applications in LIDAR, reservoir computing and quantum cyber authentication. The company raised $12.6 million through its ATM facility during Q1 2024, though management noted additional financing will be required to fund operations for the next 12 months.
Quantum Computing Inc. reported Q1 2024 revenue of $27,325, down 77% YoY, with a net loss of $6.9 million compared to $7.7 million in Q1 2023. Operating expenses decreased 9% to $6.4 million, primarily due to lower stock-based compensation costs. The company ended the quarter with $6.1 million in cash and cash equivalents.The company made significant progress on its TFLN chip manufacturing facility at Arizona State University's Research Park, investing $1.6 million in equipment during Q1. Following the SEC's action against former auditor BF Borgers on May 3, QCI appointed BPM LLP as its new independent registered public accounting firm to re-audit 2022-2023 financials and audit 2024 statements.QCI continues to focus on commercializing its room-temperature quantum computing technology and expanding its quantum sensing applications in LIDAR, reservoir computing and quantum cyber authentication. The company raised $12.6 million through its ATM facility during Q1 2024, though management noted additional financing will be required to fund operations for the next 12 months.
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