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Quantum Computing | 10-Q: Q1 2024 Earnings Report

Quantum Computing | 10-Q: Q1 2024 Earnings Report

Quantum Computing | 10-Q:2024财年一季报
美股SEC公告 ·  2024/10/03 05:19

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Quantum Computing Inc. reported Q1 2024 financial results with revenue of $27,000, down 78% YoY from $121,000, primarily due to fewer active customer contracts. Net loss widened to $6.4 million compared to $6.1 million in Q1 2023. The company ended the quarter with $6.1 million in cash and cash equivalents, up from $2.1 million at year-end 2023.Research and development expenses remained stable at $2.2 million as the company continued investing in product development, particularly its TFLN chip manufacturing facility in Tempe, Arizona. General and administrative expenses increased slightly to $3.7 million, driven by severance costs and stock-based compensation. The company raised $12.2 million through its ATM facility during the quarter.Management indicated substantial doubt about the company's ability to continue as a going concern, citing the need for additional financing within 12 months. The company is pursuing various funding options, including equity and debt financing as well as U.S. government grants, while focusing on commercializing its room-temperature quantum computing and sensing products.
Quantum Computing Inc. reported Q1 2024 financial results with revenue of $27,000, down 78% YoY from $121,000, primarily due to fewer active customer contracts. Net loss widened to $6.4 million compared to $6.1 million in Q1 2023. The company ended the quarter with $6.1 million in cash and cash equivalents, up from $2.1 million at year-end 2023.Research and development expenses remained stable at $2.2 million as the company continued investing in product development, particularly its TFLN chip manufacturing facility in Tempe, Arizona. General and administrative expenses increased slightly to $3.7 million, driven by severance costs and stock-based compensation. The company raised $12.2 million through its ATM facility during the quarter.Management indicated substantial doubt about the company's ability to continue as a going concern, citing the need for additional financing within 12 months. The company is pursuing various funding options, including equity and debt financing as well as U.S. government grants, while focusing on commercializing its room-temperature quantum computing and sensing products.
量子计算公司报告了2024年第一季度的财务结果,营业收入为27,000美元,同比下降78%,上年同期为121,000美元,主要由于活跃客户合同减少。净亏损扩大至640万人民币,同比2023年第一季度的610万人民币有所增加。公司在季度末的现金及现金等价物为610万人民币,较2023年底的210万人民币有所增长。研究和开发费用保持稳定,为220万人民币,因为公司继续投资于产品开发,特别是位于亚利桑那州坦佩的TFLN芯片制造设施。一般和管理费用略微上升至370万人民币,主要由遣散费用和基于股票的补偿推动。公司在本季度通过其ATM设施筹集了1220万人民币。管理层对公司作为持续经营主体的能力表示重大怀疑,指出在12个月内需要额外融资。公司正在寻求各种融资选项,包括股权和债务融资以及美国政府补助,同时专注于商业化其室温量子计算和传感产品。
量子计算公司报告了2024年第一季度的财务结果,营业收入为27,000美元,同比下降78%,上年同期为121,000美元,主要由于活跃客户合同减少。净亏损扩大至640万人民币,同比2023年第一季度的610万人民币有所增加。公司在季度末的现金及现金等价物为610万人民币,较2023年底的210万人民币有所增长。研究和开发费用保持稳定,为220万人民币,因为公司继续投资于产品开发,特别是位于亚利桑那州坦佩的TFLN芯片制造设施。一般和管理费用略微上升至370万人民币,主要由遣散费用和基于股票的补偿推动。公司在本季度通过其ATM设施筹集了1220万人民币。管理层对公司作为持续经营主体的能力表示重大怀疑,指出在12个月内需要额外融资。公司正在寻求各种融资选项,包括股权和债务融资以及美国政府补助,同时专注于商业化其室温量子计算和传感产品。
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