Quantum Computing Stocks Jump; QUBT up 19%; D-Wave Quantum up 9%; Rigetti Computing, IONQ up 5%
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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10