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Arqit Quantum (ARQQ)
NASDAQ:ARQQ
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.85Last Year’s EPS
-2.5Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 05, 2024
|% Change Since: -31.36%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights strategic advances, including a significant government contract, increased telecom engagements, and recognition as an IDC innovator. Despite these achievements, the company faced a decline in revenue and cash balance. While cost-cutting measures have been effective, the financial performance remains a concern.Company Guidance
During the fiscal year 2024 earnings call, Arqit provided several key metrics and guidance for the upcoming period. The company reported a revenue decline from $640,000 in 2023 to $293,000 in 2024, mainly due to a strategic shift from selling perpetual enterprise licenses to operational licenses aimed at generating annual recurring revenue. Despite this short-term revenue decrease, Arqit executed 13 contracts in 2024, up from seven in the previous year, and engaged in significant technical discussions with 11 entities, including eight telecom network operators. The company also focused on cost reduction, cutting its headcount from 147 to 82 employees and reducing monthly operating costs to $2.15 million for fiscal 2025. Additionally, Arqit secured a seven-figure multi-year contract with a governmental agency in the Middle East, expected to begin contributing to revenue in the current fiscal year. The company aims to capitalize on increased market interest in quantum computing and encryption, with a focus on telecom, government, and military markets.CEO Transition and Strategic Review
Andy Leaver, the new CEO, conducted a comprehensive review and identified a significant market opportunity for Arqit's unique symmetric key agreement software. The company is accelerating engagement with OEMs, network operators, governments, and end users.
Significant Government Contract
Arqit secured a seven-figure multi-year contract with a Middle Eastern government agency, marking a significant breakthrough in the government and military markets.
Increased Engagement with Telecom Providers
Arqit engaged with eight leading telecom network providers, focusing on technical and integration matters, which could convert into annual recurring licenses.
Cost Reduction Initiatives
The company reduced its headcount from 147 to 82 employees and lowered budgeted monthly operating costs to $2.15 million, resulting in administrative expenses of $23.5 million, down from $55.2 million.
Recognition as a 2024 IDC Innovator
Arqit was named a 2024 IDC innovator for post-quantum cryptography, one of only five vendors recognized for transformative solutions.
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ARQQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ARQQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 05, 2024 | $24.20 | $22.39 | -7.48% |
| May 20, 2024 | $10.92 | $10.03 | -8.15% |
| Nov 21, 2023 | $14.50 | $13.50 | -6.90% |
| May 17, 2023 | $27.50 | $18.14 | -34.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Arqit Quantum (ARQQ) report earnings?
Arqit Quantum (ARQQ) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Arqit Quantum (ARQQ) earnings time?
Arqit Quantum (ARQQ) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARQQ EPS forecast?
ARQQ EPS forecast for the fiscal quarter 2025 (Q2) is -0.85.
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