Quantum Computing Q4 revenue rises

Reuters03-03 05:25
<a href="https://laohu8.com/S/QUBT">Quantum Computing</a> Q4 revenue rises

Overview

  • Quantum optics firm Q4 revenue rose 219% yr/yr but missed analyst expectations

  • Company completed acquisition of Luminar Semiconductor post-Q4

Outlook

  • Quantum Computing Inc. plans to expand manufacturing capabilities with new Fab 2 facility

  • Company focuses on advancing strategic partnerships and scaling technology in 2026

Result Drivers

  • FAB 1 REVENUE CONTRIBUTION - Revenue increase driven by hardware sales and services from Fab 1 facility

  • PRIVATE PLACEMENT - Raised $750 mln through oversubscribed private placement to support growth strategy

Company press release: ID:nPn63gR8ha

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Miss

$198,000

$332,500 (4 Analysts)

Q4 Net Income

-$1.56 mln

Q4 Operating Expenses

$22.12 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the software peer group is "buy"

  • Wall Street's median 12-month price target for Quantum Computing Inc is $15.50, about 84.3% above its February 27 closing price of $8.41

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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