Quantum Computing Stocks Jump; QUBT up 19%; D-Wave Quantum up 9%; Rigetti Computing, IONQ up 5%

Tiger Newspress

05-16

Quantum computing stocks jumped in Friday trading.

QUBT up 19%; D-Wave Quantum up 9%; Rigetti Computing, IONQ up 5%; QMCO, Sealsq, ARQQ up 3%.

Quantum Computing Inc., an integrated photonics and quantum optics technology company, reported first quarter earnings that beat analyst expectations on the bottom line but fell short on revenue.

The company posted adjusted earnings per share of $0.11, surpassing the analyst estimate of -$0.05 by $0.16. However, revenue for the quarter came in at $39,000, significantly below the consensus estimate of $300,000. Revenue increased 44% YoY from $27,000 in Q1 2024.

Quantum Computing reported net income attributable to common stockholders of $17.0 million, or $0.13 per basic share, compared to a net loss of $6.4 million or -$0.08 per share in the same period last year. The increase was primarily due to a $23.6 million non-cash gain on warrant liability valuation.

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The increase was primarily due to a $23.6 million non-cash gain on warrant liability valuation.</p><p></p><p></p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HOLO","symbol_name":"MicroCloud Hologram Inc.","start_time":0,"source_url":"","article_id":"1148117852","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1148117852","pubTimestamp":1747403973,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Quantum computing stocks jumped in premarket trading on Friday. 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