Arqit Quantum (ARQQ)

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Arqit appoints new Chief Technology Officer to drive innovation and growth
Newsfilter· 2025-04-16 13:00
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].
RSG purchases test and integration license from Arqit to deliver quantum-secure networks and prepare for commercial-scale deployment
GlobeNewswire· 2025-04-10 13:00
Core Insights - Arqit Quantum Inc. has partnered with RSG Telecom to implement its NetworkSecure™ quantum-safe encryption technology, enhancing cybersecurity for both public and private sector networks [1][2][3] Group 1: Partnership Details - RSG Telecom has signed a test and integration license for Arqit's NetworkSecure, which will be deployed across its telecommunications infrastructure [1][2] - The collaboration aims to protect critical data from sophisticated cyber threats, including attacks from cybercriminals and nation-state actors [3] Group 2: Technology Overview - Arqit's technology utilizes a unique symmetric key agreement platform (SKA-Platform™) to secure communications and data [3][4] - The encryption solution is cloud-based, highly scalable, and designed to defend against current and future quantum threats [4][8] Group 3: Executive Statements - Andy Leaver, CEO of Arqit, emphasized the importance of safeguarding communications in a complex cyber landscape [4] - Brent Grisdale, CEO of RSG Telecom, expressed excitement about integrating Arqit's advanced cybersecurity solutions into their offerings [4] Group 4: Company Background - RSG Telecom is recognized for providing advanced telecommunications infrastructure and services across North America, focusing on mission-critical connectivity [6] - Arqit is noted for its innovative encryption software service, which secures communications against various forms of attacks, including those from quantum computers [7][8]
Global tier 1 telco operator signs three year agreement with Arqit to secure its Quantum-Safe Network-as-a-Service (NaaS) Deployment
GlobeNewswire· 2025-04-08 13:00
Core Insights - Arqit Quantum Inc. has secured a three-year contract with a global tier 1 telecommunications operator for its NetworkSecure™ technology, aimed at enhancing security for enterprise and government communications against cyber threats, particularly from quantum computing [1][3] - The telecommunications operator operates in 32 countries and has a fiber backbone exceeding 600,000 km, indicating a significant infrastructure for deploying Arqit's services [1] - The Quantum-Safe over Internet (QSI) service is now available for enterprises and governments, suggesting potential for further expansion beyond the initial contract as demand increases [2] Company Overview - Arqit Quantum Inc. specializes in encryption software services that secure communications against current and future encryption attacks, including those from quantum computers [4] - The company's technology is compatible with NSA CSfC components and meets specific security requirements, allowing for local encryption key creation on endpoint devices [4] - Arqit has received multiple awards for its innovations in mobile security and post-quantum cryptography, highlighting its leadership in the cybersecurity space [4] Market Position - The partnership with a leading telecommunications operator positions Arqit to leverage its pioneering quantum-safe encryption technology within a robust global networking framework [3] - The demand for quantum-safe solutions is expected to grow as quantum computing technology advances, creating a favorable market environment for Arqit's offerings [3][2]
Arqit Quantum Inc. Announces Select Preliminary Financial Results for First Half of Fiscal Year 2025
GlobeNewswire· 2025-04-04 12:30
LONDON, April 04, 2025 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (“Arqit”), a global leader in quantum-safe encryption, announces select preliminary financial results for the first half of fiscal year 2025. Based on preliminary unaudited results, management expects the Company to report for the first half period ended 31 March 2025 revenue of approximately $18,000 to $67,000 and cash and cash equivalents of approximately $24.7 million as of 31 March 2025. As previously announced, Arqit was awarded a multi-year ...
Arqit Quantum Inc. Announces Select Preliminary Financial Results for First Half of Fiscal Year 2025
Newsfilter· 2025-04-04 12:30
LONDON, April 04, 2025 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. ("Arqit"), a global leader in quantum-safe encryption, announces select preliminary financial results for the first half of fiscal year 2025. Based on preliminary unaudited results, management expects the Company to report for the first half period ended 31 March 2025 revenue of approximately $18,000 to $67,000 and cash and cash equivalents of approximately $24.7 million as of 31 March 2025. As previously announced, Arqit was awarded a multi-year ...
Arqit Quantum Inc. Announces CEO Andy Leaver to be featured on HCW @ Home with Arqit Quantum Inc. 6 February 2025 at 10:00 a.m. ET
GlobeNewswire· 2025-02-03 14:38
LONDON, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (“Arqit”), a global leader in quantum-safe encryption, announces that CEO Andy Leaver will sit down with H.C. Wainwright Equity Research Analyst Scott Buck on 6 February 2025 at 10:00 a.m. ET to discuss next generation encryption and Arqit. A live webcast of the conversation will be available through H.C. Wainwright – register here (registration link) to join the webcast. To avoid delays, we encourage participants to connect to the webcast fiftee ...
Are Business Services Stocks Lagging ARQIT QUANTUM (ARQQ) This Year?
ZACKS· 2024-12-18 15:40
Group 1 - Arqit Quantum Inc. (ARQQ) is currently outperforming its peers in the Business Services sector, with a year-to-date return of approximately 178.5% compared to the sector average of 24.2% [4] - The Zacks Rank for Arqit Quantum Inc. is 2 (Buy), indicating a positive outlook based on earnings estimates and revisions, with a 30.5% increase in the consensus estimate for full-year earnings over the past quarter [3] - The Technology Services industry, which includes Arqit Quantum Inc., has an average gain of 58.1% year-to-date, further highlighting ARQQ's strong performance within its industry [6] Group 2 - The Business Services group ranks 5 within the Zacks Sector Rank, which evaluates the strength of 16 individual sector groups based on the average Zacks Rank of stocks [2] - Another notable stock in the Business Services sector is Parsons (PSN), which has returned 53.6% year-to-date and has a Zacks Rank of 1 (Strong Buy) [4][5] - Investors should closely monitor both Arqit Quantum Inc. and Parsons for potential continued strong performance in the Business Services sector [7]
ARQIT QUANTUM (ARQQ) Is a Great Choice for 'Trend' Investors, Here's Why
ZACKS· 2024-12-18 14:50
While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock aliv ...
Arqit Quantum (ARQQ) - 2024 Q4 - Earnings Call Transcript
2024-12-05 19:58
Financial Data and Key Metrics - Revenue for fiscal year 2024 was $293,000, down from $640,000 in 2023, primarily due to a shift from perpetual licenses to operational licenses with lower upfront revenue [30][31] - Administrative expenses decreased to $23.5 million from $55.2 million in 2023, driven by lower share-based compensation, employee expenses, and legal fees [32] - Operating loss for 2024 was $24.6 million, compared to $54.5 million in 2023, reflecting reduced administrative expenses [33] - Cash and cash equivalents at the end of fiscal year 2024 stood at $18.7 million, down from $44.5 million in 2023 [34] Business Line Data and Key Metrics - The company executed 13 contracts in 2024, up from 7 in 2023, with significant technical discussions held with 11 entities, including 8 telecom network operators [22] - A seven-figure multi-year contract with a Middle East governmental agency was executed, expected to generate annual recurring revenue starting in fiscal year 2025 [18][19] - The company engaged with Sparkle, a telecom network operator, to secure its Quantum-Safe network-as-a-Service product, with potential for license revenue as customers sign up [16] Market Data and Key Metrics - The telecom network, government, and military markets are key focus areas, with increasing engagement and contract wins [20][26] - The company is exploring opportunities in financial services and IP-rich industries, driven by concerns over quantum threats to data security [26][51] - The Middle East and U.S. government markets are showing strong interest in post-quantum encryption solutions, with potential for further contracts [42][44] Company Strategy and Industry Competition - The company is transitioning from perpetual licenses to operational licenses to build a recurring revenue model [30] - Focus is on converting technical engagements into material revenue contracts, particularly in telecom, government, and military markets [26] - The company is leveraging its compliance with NSA requirements and industry recognition to drive customer engagement [14] - AI is being integrated into the technology roadmap to enhance remediation and customer support [45][46] Management Commentary on Operating Environment and Future Outlook - The market for enhanced encryption is moving towards the company, with increasing awareness of quantum threats [11][36] - The company is focused on executing its sales strategy and converting opportunities into revenue, with a strong emphasis on customer fulfillment [9][27] - The company expects 2025 to bring increased dialogue around quantum computing and encryption, driven by market and media interest [11][12] Other Important Information - Headcount was reduced to 82 employees at fiscal year-end from 147 in 2023, with a focus on sales, engineering, and customer fulfillment [25] - Budgeted monthly operating costs for fiscal year 2025 have been reduced to $2.15 million, with cost-saving initiatives ahead of budget [24] - The company received additional capital investments from board members, providing confidence in its forward strategy [10] Q&A Session Summary Question: Revenue cadence for the Middle East deal - The revenue from the Middle East deal will be recognized ratably, starting in the current reporting period [40] Question: Additional government and enterprise contract opportunities in the Middle East - The Middle East deal is expected to catalyze further opportunities with governmental bodies and large enterprises in the region, driven by proactive legislation on post-quantum encryption [42] Question: Role of AI in the Quantum-Safe story - AI is being explored as a remediation tool to guide customers in addressing vulnerabilities and applying the company’s technology [45][46] Question: Focus verticals beyond government, telecom, and defense - Financial services and IP-rich industries are emerging as key verticals, with concerns over data security and quantum threats [51] Question: Operating leverage and cost structure - The company expects to deliver expected revenue in fiscal year 2025 with the current cost base, with minimal leverage anticipated [53] Question: Cash balance and recent capital raise - A portion of the capital raise ($1.8 million) was received in early October and not included in the fiscal year 2024 cash balance [55]
Arqit Quantum (ARQQ) - 2024 Q4 - Annual Report
2024-12-05 13:11
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1 ...