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Quantum Computing | 10-Q: Q3 2024 Earnings Report

Quantum Computing | 10-Q: Q3 2024 Earnings Report

Quantum Computing | 10-Q:2024财年三季报
美股SEC公告 ·  2024/11/06 16:08

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Quantum Computing Inc. reported Q3 2024 financial results with total revenue increasing 102% to $101,000 compared to $50,000 in Q3 2023. The company reduced operating expenses by 18% to $5.4 million, while net loss decreased 17% to $5.7 million compared to the prior year period. Gross margin was 9% versus 52% in Q3 2023.The company continued investing in its AZ Chips Facility development and quantum technology research. As of September 30, 2024, cash and cash equivalents stood at $3.1 million, supported by $14.6 million in net proceeds from ATM facility sales and a new $8.25 million convertible note. Research and development expenses decreased 4% to $2.2 million while general and administrative costs fell 24% to $2.8 million.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 public/private equity, debt financing and government grants to support ongoing operations and development of its quantum computing and photonics technology platforms.
Quantum Computing Inc. reported Q3 2024 financial results with total revenue increasing 102% to $101,000 compared to $50,000 in Q3 2023. The company reduced operating expenses by 18% to $5.4 million, while net loss decreased 17% to $5.7 million compared to the prior year period. Gross margin was 9% versus 52% in Q3 2023.The company continued investing in its AZ Chips Facility development and quantum technology research. As of September 30, 2024, cash and cash equivalents stood at $3.1 million, supported by $14.6 million in net proceeds from ATM facility sales and a new $8.25 million convertible note. Research and development expenses decreased 4% to $2.2 million while general and administrative costs fell 24% to $2.8 million.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 public/private equity, debt financing and government grants to support ongoing operations and development of its quantum computing and photonics technology platforms.
量子计算公司报告了2024年第三季度的财务结果,总营业收入较2023年第三季度的50,000美元增加了102%,达到了101,000美元。公司将营业费用减少了18%,降至540万元,而净亏损较去年同期下降了17%,降至570万元。毛利率为9%,而2023年第三季度为52%。公司继续投资于AZ芯片设施的发展和量子科技研究。到2024年9月30日,现金及现金等价物达到了310万元,得益于从ATm设施销售中获得的1460万净收益和新的825万可转换票据。研发费用减少了4%,降至220万元,而一般及行政成本下降了24%,降至280万元。管理层表示对公司作为持续经营能力的信心存在重大疑虑,并提到了在12个月内需要额外融资的需求。公司正在寻求各种融资选择,包括公开/私募股权、债务融资和政府补助,以支持其量子计算和光子技术平台的持续运营和发展。
量子计算公司报告了2024年第三季度的财务结果,总营业收入较2023年第三季度的50,000美元增加了102%,达到了101,000美元。公司将营业费用减少了18%,降至540万元,而净亏损较去年同期下降了17%,降至570万元。毛利率为9%,而2023年第三季度为52%。公司继续投资于AZ芯片设施的发展和量子科技研究。到2024年9月30日,现金及现金等价物达到了310万元,得益于从ATm设施销售中获得的1460万净收益和新的825万可转换票据。研发费用减少了4%,降至220万元,而一般及行政成本下降了24%,降至280万元。管理层表示对公司作为持续经营能力的信心存在重大疑虑,并提到了在12个月内需要额外融资的需求。公司正在寻求各种融资选择,包括公开/私募股权、债务融资和政府补助,以支持其量子计算和光子技术平台的持续运营和发展。
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