Quantum Computing Inc.'s stock surged 8.89% in pre-market trading on Thursday, marking a significant rebound after recent declines.

The movement appears to be a technical rebound following consecutive sessions of profit-taking that occurred after the stock's massive post-earnings rally earlier this month. The company reported Q1 revenue of $3.69 million, far exceeding consensus estimates and representing approximately 9,000% year-over-year growth, while its EPS loss came in significantly better than expected at $0.02 versus an anticipated loss of $0.05.

Fundamentally, the company's business expansion continues to provide support, including Fab 1 scaling small-batch production, planning for Fab 2, and a newly established partnership with Quantum Corridor. Revenue growth was primarily driven by acquisitions of Luminar Semiconductors and NuCrypt, though the company remains in an aggressive expansion phase with operating expenses of $19.8 million and a net loss of $4.05 million.