Quantum Computing Posts $5.6 Million Q2 Revenue as $11.8 Million Loss Keeps Shares Flat
Updated
Updated · Simply Wall St · Aug 12
Quantum Computing Posts $5.6 Million Q2 Revenue as $11.8 Million Loss Keeps Shares Flat
3 articles · Updated · Simply Wall St · Aug 12
Summary
Quantum Computing shares rose just 0.06% to about $8.94 after Q2 results showed $5.6 million in revenue and an $11.8 million net loss, signaling a muted market response.
Revenue jumped from $61,000 a year earlier and losses narrowed from $36.5 million, giving bulls evidence that photonics and semiconductor operations are generating real commercial sales.
Operating expenses still ran at $21.8 million, while investors remain wary of dilution and whether newly added capacity can be filled with large-volume contracts.
Management points to roughly 60,000 wafers a year of foundry and packaging capacity, a $42.5 million backlog, and early customer deliveries as proof the business is moving beyond the lab.
The quarter leaves Quantum Computing caught between early traction and balance-sheet concerns, with government work still making up about 70% to 80% of sales.