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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財年一季報
美股SEC公告 ·  2024/10/03 05:19

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Quantum Computing Inc. reported Q1 2024 financial results, with revenue decreasing 78% year-over-year to $27,000 and net loss widening to $6.4 million. The company attributed the revenue decline to changes in customer contracts. Gross profit fell 83% to $11,000, with gross margin contracting to 41% from 54% last year.Operating expenses rose 3% to $6.3 million, driven by higher research and development costs as the company continued investing in product development. Cash and cash equivalents stood at $6.1 million as of March 31, 2024. The company raised $12.2 million through its at-the-market facility during the quarter.Management expressed concerns about the company's ability to continue as a going concern, citing the need for additional financing within 12 months. Quantum Computing is focusing on commercializing its Entropy Quantum Computing technology and developing thin film lithium niobate chips for quantum applications. The company plans to apply for funding under government programs to support its chip manufacturing initiatives.
Quantum Computing Inc. reported Q1 2024 financial results, with revenue decreasing 78% year-over-year to $27,000 and net loss widening to $6.4 million. The company attributed the revenue decline to changes in customer contracts. Gross profit fell 83% to $11,000, with gross margin contracting to 41% from 54% last year.Operating expenses rose 3% to $6.3 million, driven by higher research and development costs as the company continued investing in product development. Cash and cash equivalents stood at $6.1 million as of March 31, 2024. The company raised $12.2 million through its at-the-market facility during the quarter.Management expressed concerns about the company's ability to continue as a going concern, citing the need for additional financing within 12 months. Quantum Computing is focusing on commercializing its Entropy Quantum Computing technology and developing thin film lithium niobate chips for quantum applications. The company plans to apply for funding under government programs to support its chip manufacturing initiatives.
量子計算公司報告了2024年第一季度的財務結果,營業收入同比下降78%,降至27,000美元,淨虧損擴大至640萬。公司將營業收入的下降歸因於客戶合同的變化。毛利潤下降83%,降至11,000美元,毛利率從去年的54%收縮至41%。營業費用上漲3%,達到630萬,主要是由於研究和開發成本的增加,因爲公司繼續投資於產品開發。截至2024年3月31日,公司現金及現金等價物爲610萬。公司在本季度通過市場設施籌集了1220萬。管理層對公司的持續經營能力表示擔憂,指出需要在12個月內獲得額外融資。量子計算公司專注於商業化其熵量子計算技術,並開發用於量子應用的薄膜鋰礦鈮酸鹽芯片。公司計劃申請政府項目下的資金,以支持其芯片製造計劃。
量子計算公司報告了2024年第一季度的財務結果,營業收入同比下降78%,降至27,000美元,淨虧損擴大至640萬。公司將營業收入的下降歸因於客戶合同的變化。毛利潤下降83%,降至11,000美元,毛利率從去年的54%收縮至41%。營業費用上漲3%,達到630萬,主要是由於研究和開發成本的增加,因爲公司繼續投資於產品開發。截至2024年3月31日,公司現金及現金等價物爲610萬。公司在本季度通過市場設施籌集了1220萬。管理層對公司的持續經營能力表示擔憂,指出需要在12個月內獲得額外融資。量子計算公司專注於商業化其熵量子計算技術,並開發用於量子應用的薄膜鋰礦鈮酸鹽芯片。公司計劃申請政府項目下的資金,以支持其芯片製造計劃。
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