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Quantum Computing Inc. (QUBT)
NASDAQ:QUBT
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.08Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 20, 2025
|% Change Since: 14.75%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant partnerships and financial strengthening, particularly with NASA and the photonic chip foundry. However, challenges were noted in terms of decreased revenue, increased operating expenses, and a higher net loss. The positive advancements and strong financial position suggest potential for growth, but the financial metrics indicate existing hurdles.Company Guidance
In the fourth quarter of 2024, Quantum Computing Inc. (QCi) made significant operational and financial strides, positioning itself for strong growth in 2025. The company's focus on quantum solutions and foundry services led to a transformed balance sheet, with total assets increasing to $153.6 million, up from $74.4 million in 2023. QCi's cash and cash equivalents rose to $78.9 million, thanks to $92.1 million raised in common stock offerings. Revenue for the quarter was approximately $62,000, with a notable improvement in gross margin to 55% from 13% in the previous year. Operating expenses increased to $8.9 million, driven by higher employee-related costs and depreciation. The company reported a net loss of $51.2 million, largely due to non-cash charges related to a warrant liability from a previous merger. QCi's international presence is expanding, with offshore orders for its photonic chips, while domestic focus remains strong for its quantum machines. The company is on track to begin production at its Quantum Photonic Chip Foundry in early Q2 2025, aiming to fulfill customer preorders and drive revenue growth.Expansion of NASA Partnership
Secured fifth task order with NASA for developing quantum modeling and removal of solar noise using the Dirac-3 machine. Additional contract for phase unwrapping using Dirac-3, enhancing data accuracy and efficiency in large-scale imaging applications.
Progress in Photonic Chip Foundry
Quantum Photonic Chip Foundry in Tempe, Arizona is in the final stage of commissioning and on schedule to begin production in early Q2. Secured multiple preorders and five purchase orders for TFLN photonic chips.
Significant Financial Strengthening
Cash and cash equivalents increased by $76.9 million to $78.9 million at year-end. Total assets rose to $153.6 million, and stockholders' equity increased to $107.3 million. Strengthened balance sheet with additional private placement for $100 million.
Improved Gross Margin
Gross margin improved significantly to 55%, up from 13% in the fourth quarter of 2023, driven by focus on reducing direct cost of goods sold.
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QUBT 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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QUBT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 20, 2025 | $7.39 | $7.39 | 0.00% |
| Nov 06, 2024 | $1.08 | $1.35 | +25.00% |
| Oct 02, 2024 | $0.66 | $0.67 | +1.52% |
| Jun 11, 2024 | $0.68 | $0.64 | -5.88% |
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 Quantum Computing Inc. (QUBT) report earnings?
Quantum Computing Inc. (QUBT) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Quantum Computing Inc. (QUBT) earnings time?
Quantum Computing Inc. (QUBT) 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 QUBT EPS forecast?
QUBT EPS forecast for the fiscal quarter 2025 (Q1) is -0.05.
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