LONDON, June 17, 2025 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ) (“Arqit” or the “Company”), a global leader in quantum-safe encryption, today announced it has been selected as a member of the newly established Oracle Defense Ecosystem, a first-of-its-kind global initiative to redefine the delivery of defense and government technology innovation, at the Oracle Defense Tech Summit. Taking place in Austin, Texas, on Tuesday 17 June, the event brings together members of the global defense community, ...

Arqit Quantum (ARQQ) Conference June 11, 2025 01:45 PM ET Speaker0 Okay. So welcome to the Sidoti virtual micro cap conference. Thank you for joining us today. I'm Anya Sodstrom, senior equity analyst here at Sidoti. And as I mentioned, next up, we have Arcade Quantum. I have, Tracy Mear, the chief financial strategy officer with me. And this will be conducted as a presentation by Tracy, and that will be followed by q and a. And if you would like to submit question, you can do so in the q and a function at ...

Core Insights - Arqit Quantum Inc. has announced the acquisition of Ampliphae's product portfolio and innovations team, enhancing its capabilities in encryption risk advisory and AI analytics [1][2] - The integration of Ampliphae's Encryption Intelligence products with Arqit's quantum encryption technology aims to provide a comprehensive solution for identifying and mitigating cyber risks from both current and quantum threats [2][3] Company Overview - Arqit specializes in quantum-safe encryption, offering a unique software service that secures communications across various networked devices against current and future encryption attacks, including those from quantum computers [6] - The Arqit SKA-Platform™ allows for the creation of computationally secure encryption keys locally, facilitating Zero Trust Network Access and ensuring compatibility with existing technologies without requiring disruptive changes [6] Product and Service Expansion - Ampliphae's core products provide organizations with visibility into their encryption technologies, identifying vulnerabilities, including those at risk from quantum attacks, and enabling effective risk management strategies [3][4] - The acquisition allows Ampliphae's encryption risk advisory services to reach a global audience, assisting enterprises and governments in securing sensitive data across various environments [4][5] Leadership Statements - Arqit's CEO emphasized the importance of combining quantum encryption expertise with Ampliphae's analytics to deliver unmatched protection and advisory services globally [5] - Ampliphae's CEO highlighted the opportunity to extend their mission of addressing encryption risks to a worldwide audience through the partnership with Arqit [5]

Core Insights - Arqit Quantum reported revenue of $67,000 and an operating loss of $17.8 million for the first half of fiscal 2025, attributed to delayed contract revenue and a transition to a SaaS model [1] - The company signed a significant three-year agreement with a tier-one telecom operator, marking a shift towards subscription-based revenue models [2][3] - Arqit secured its first contract with the U.S. Department of Defense, enhancing its credibility and opening doors for future government contracts [4][5] Financial Performance - Revenue for the first half of fiscal 2025 was $67,000, with an operating loss of $17.8 million due to delayed contract revenue [1] - Cash and cash equivalents stood at $24.8 million as of March 31, with a monthly cash burn rate of approximately $2.2 million to $2.4 million [6] Strategic Developments - The new telecom contract, signed after a 14-month pilot, is designed to scale with end-customer adoption, indicating a focus on channel-driven models [2][3] - The Department of Defense contract involves integration through a major IT vendor, which could lead to more extensive government business opportunities [4][5] Operational Adjustments - The company reduced its workforce from 125 to 72, allowing for disciplined resource allocation during the transition to recurring SaaS contracts [6][7] - Cost discipline and a leaner structure are expected to provide greater flexibility for future growth initiatives [7] Future Outlook - Management anticipates recognizing revenue from delayed Middle East contracts in the second half of fiscal 2025, particularly from telecom pilot projects [9] - Strategic milestones include expanding confidential computing applications with Intel and advancing multipartner pilot projects [9]

Arqit Quantum (ARQQ) H1 2025 Earnings Call May 22, 2025 11:00 AM ET Company Participants Andy Leaver - CEONick Pointon - CFO Conference Call Participants Scott Buck - Managing Director & Senior Technology Analyst Operator Thank you for standing by. On today's call, we will be referring to the press release issued this morning that details the company's first half fiscal year twenty twenty five results, which can be downloaded from the company's website at arket.uk. At the end of the company's prepared remar ...

Financial Data and Key Metrics Changes - For the first half of fiscal year 2025, the company generated $67,000 in revenue compared to $119,000 in the same period of 2024, primarily due to customer delays in contract activities [28] - The operating loss for the period was $17,800,000, compared to a loss of $16,600,000 in the first half of fiscal year 2024, reflecting lower revenue and increased administrative expenses [31][32] - As of March 31, 2025, the company had cash and cash equivalents of $24,800,000 [32] Business Line Data and Key Metrics Changes - Revenue from the ARKit SKA platform as a service and ARKit Network Secure products totaled $52,400, while professional services and maintenance revenue was $14,500 for the period [28] - The company is transitioning from primarily enterprise sales to sales through channel partners, which will recognize revenue over time rather than upfront [28] Market Data and Key Metrics Changes - The market for quantum-safe encryption is growing, with increasing awareness of the need for upgraded cryptography solutions due to the threat posed by quantum computing [5][6] - Significant contracts have been signed in the telecom and defense sectors, indicating a positive market response to the company's offerings [14][23] Company Strategy and Development Direction - The company is focused on delivering its technology to large enterprises and government customers, with a shift towards a subscription licensing model to align interests with customers [10][11] - The collaboration with Intel on confidential computing is a strategic move to enhance the company's offerings and address the emerging quantum threat [19][50] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growing market awareness of quantum-safe encryption and the company's positioning to meet this demand [33][34] - The company anticipates that sales cycles will compress as it builds on existing customer relationships and leverages its technology in complex environments [47][48] Other Important Information - The company has made significant progress in product development and market penetration, with a disciplined approach to cost control [4][21] - The company is actively recruiting sales personnel with industry-specific expertise to capitalize on market opportunities [42][44] Q&A Session Summary Question: Are the deals that closed at or near the end of the fiscal period currently generating revenue? - The contract with the tier one network operator is a three-year contract, and it is expected to grow as it signs up end users. The DOD contract is a one-year contract that could lead to further opportunities [36][37] Question: What types of people are being hired for the sales team? - The company is hiring individuals with experience in specific verticals such as telecom and defense, focusing on those who can effectively communicate with customers in those sectors [42][44] Question: Do you expect any increase in operating expenses to support new contracts? - The company does not foresee significant growth in operating costs over the near term, maintaining a trailing monthly cash burn of around $2.2 to $2.4 million [54]

Core Insights - Arqit Quantum Inc. reported a revenue of $67,000 for the first half of fiscal year 2025, a decrease from $119,000 in the same period of 2024, primarily due to delays in revenue generation from a multi-year contract in the EMEA region [3][19] - The company is focusing on the telecom networking sector and has engaged with 10 telecom network operators, indicating a strategic emphasis on this vertical market [3][10] - Arqit has signed significant contracts, including a multi-year enterprise license with the U.S. Department of Defense and a three-year contract with a Tier 1 telecom operator, showcasing its growth in key markets [3][10][14] Financial Performance - Revenue for the first half of fiscal year 2025 was generated from 6 contracts, with $52,400 from Arqit SKA-Platform and $14,500 from professional services [19] - Administrative expenses increased to $18 million from $16.8 million in the previous year, attributed to lower headcount and foreign exchange changes [19] - The operating loss for the period was $17.8 million, compared to a loss of $16.6 million in the first half of fiscal year 2024, reflecting lower revenue and increased administrative expenses [19] Market Developments - The company is experiencing heightened interest in its Arqit SKA-Platform, with significant inquiries noted at the RSA 2025 Conference [9][10] - Arqit is actively pursuing opportunities in various verticals, including telecom, defense, and government sectors, with visibility on additional contract opportunities [10][11] - The collaboration with Intel on quantum-safe solutions for confidential computing and mobile communications highlights Arqit's leadership in the cybersecurity space [4][5][14] Strategic Focus - Arqit is prioritizing actionable revenue opportunities, particularly in telecom and defense markets, and is realigning its personnel to enhance customer fulfillment and support [6][12] - The company aims to convert demonstration and test engagements into multi-year contracts, indicating a proactive approach to business development [10] - Arqit is committed to maintaining disciplined cost control while driving revenue growth through its innovative technology offerings [12][15]

Core Viewpoint - Arqit Quantum Inc. is set to report its financial results for the six months ending March 31, 2025, on May 22, 2025, and will host a conference call with key executives to discuss these results [1][2]. Company Overview - Arqit Quantum Inc. specializes in quantum safe encryption, providing a unique encryption software service that secures communications links for networked devices, cloud machines, and data at rest against current and future encryption attacks, including those from quantum computers [3]. - The company's Symmetric Key Agreement Platform allows endpoint devices to create encryption keys locally, ensuring computational security and facilitating Zero Trust Network Access. It can generate limitless volumes of keys and regulate secure device access within groups [3]. - Arqit has received multiple accolades, including being named an IDC Innovator for Post-Quantum Cryptography in 2024 and winning several awards at Mobile World Congress 2024 for its mobile security solutions [3].

Core Insights - Arqit Quantum Inc. has introduced a quantum-safe encryption solution enhanced by confidential computing, ensuring that no third party, including cloud providers, can access customers' encryption keys or workloads [1][2][11] - The collaboration with Intel leverages Intel Trust Domain Extensions (TDX) to create a secure environment for managing encryption keys, enhancing data sovereignty and security [1][11][12] Technology Overview - Arqit NetworkSecure operates within a Trusted Domain created by Intel TDX, where encryption keys are generated and managed securely, isolated from both Arqit and Intel [3][4] - The architecture allows for quantum-secure data flows without exposing sensitive information to the underlying infrastructure [4][15] Use Cases - **Network Security for Telcos**: Arqit NetworkSecure can be deployed in Network-as-a-Service (NaaS) or virtual RAN environments, ensuring traffic encryption and key management remain isolated and quantum-safe [5] - **Enterprise Edge & AI Workloads**: Large enterprises can securely move sensitive workloads between on-premises and cloud environments, maintaining strong isolation and secure communication [6] - **Virtual Hardware Security Modules (HSMs)**: Organizations can utilize Arqit's symmetric key platform as a cost-effective virtual HSM, meeting high security standards without the need for physical hardware [7] - **Secure Collaboration Across Domains**: In sectors like defense and finance, organizations can enable secure analytics across trusted domains using Arqit's ephemeral key model [8] Future Outlook - The advancements in confidential computing are expected to enhance security further, with features such as frequent key rotation and quantum-safe symmetric encryption [9][10] - This level of assurance is particularly crucial for regulated industries, emphasizing the importance of data sovereignty and protection [10]

Core Viewpoint - Arqit Quantum Inc. has appointed Jonathan Nguyen-Duy as Chief Technology Officer, bringing extensive cybersecurity experience to enhance the company's quantum-safe encryption solutions [1][4]. Company Overview - Arqit Quantum Inc. specializes in quantum-safe encryption, providing a unique encryption software service that secures communications links for networked devices, cloud machines, and data at rest against current and future cyber threats, including those posed by quantum computers [1][4]. - The company's encryption solutions are compatible with NSA CSfC components and meet specific security requirements, allowing for the creation of computationally secure encryption keys locally on endpoint devices [4]. Leadership and Experience - Jonathan Nguyen-Duy has a strong background in cybersecurity, having held senior technical leadership roles at Intel and Fortinet, and served as Security CTO at Verizon, where he led strategic partnerships and the Cyber Intelligence Center [2][3]. - His expertise in developing advanced security solutions will be crucial for Arqit as it aims to scale its encryption technologies and address evolving cyber threats [2][4]. Recognition and Awards - Arqit has received multiple accolades, including two GSMA Global Mobile Awards for Best Mobile Security Solution and Outstanding Mobile Technology, as well as recognition at the Institution of Engineering and Technology Awards and the National Cyber Awards [4].