By Katherine Hamilton
Quantum Computing shares fell after its fourth-quarter loss widened and revenue declined.
The stock retreated 9% to $6.74. Shares have increased sixfold over the past 12 months.
The photonic technology provider on Thursday posted a loss of $51.2 million, or 47 cents a share, for the quarter ended Dec. 31, compared with a loss of $6.8 million, or 9 cents a share, the year before.
Revenue fell 17% to $62,000. Operating expenses increased to $8.9 million from $6.6 million primarily due to higher employee compensation and an increased cost for production equipment at Quantum's chip foundry in Arizona.
Quantum Chief Executive William McGann said the company is on track to launch its quantum photonic chip foundry in early 2025, and has multiple purchase orders secured.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
March 21, 2025 06:24 ET (10:24 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。