LONDON, March 05, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) (Arqit), a leader in quantum-safe encryption, today announced a reseller agreement with Total Computers (Total), the digital transformation experts, for Arqit's Symmetric Key Agreement Platform and NetworkSecure™ Adaptor. In an ever-connected world, enterprises need to take urgent action to strengthen their encryption to counter the growing threats from cyber adversaries. Compliant with NSA standards, Arqit's Platform as a ...

LONDON, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) (Arqit), a leader in quantum-safe encryption was honoured to receive two Glomo awards at Mobile World Congress on February 28, 2024. The company took home the top honour in the CTO Choice: Outstanding Mobile Technology Award category, which was voted on by CTO's across the industry, including those from the world's major mobile phone companies, along with the award for Best Mobile Security Solution. David Williams Arqit Foun ...

LONDON and RESTON, Va., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) (Arqit), a leader in quantum-safe encryption, and Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, today announced a partnership. Under the agreement, Carahsoft will be Arqit's Master Government Aggregator®, making Arqit's unique Symmetric Key Agreement Platform available through Carahsoft's reseller partners and NASA Solutions for Enterprise-Wide Procurement (SEWP) V, Information Te ...

LONDON, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) (Arqit), a leader in quantum-safe encryption, and Ampliphae Ltd (Ampliphae), a leader in network cyber security solutions, have today announced successful completion of a project that will deliver enhanced quantum-safe security for Private 5G networks. The Security Enhanced Virtualised Networking for 5G (SEViN-5G) project, funded by Innovate UK, the UK Government's innovation agency, leveraged Ampliphae's network security an ...

LONDON, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) (Arqit), a leader in quantum-safe encryption, today announced a reseller agreement with Phalanx Solutions (Phalanx), a trusted provider of security, compliance and technology solutions, for Arqit's Symmetric Key Agreement Platform and NetworkSecure™ Adaptor. Enterprises face growing threats from cyber adversaries and need to take urgent action to strengthen their encryption in the ever-connected world of devices. Easily inte ...

Arqit Quantum Inc. (NASDAQ:ARQQ) Q4 2023 Results Conference Call November 21, 2023 11:00 AM ET Company Participants David Williams - Founder, Chairman and CEO Nick Pointon - CFO Conference Call Participants Scott Buck - H.C. Wainwright Operator On today's call, we will be referring to the press release issued this morning that details the company's fiscal year-end 2023 results, which can be downloaded from the company's website at arqit.uk. [Operator Instructions] Finally, a recording of the call will be av ...

Cash Flow Activities - Arqit's cash used in operating activities was $32.825 million for the year ended September 30, 2023, primarily due to a net loss of $74.049 million and non-cash adjustments of $37.708 million[311] - Net cash used in investing activities was $16.082 million for the year ended September 30, 2023, a decrease from $24.432 million in 2022 due to lower capital expenditure and staff costs[313][315] - Net cash generated from financing activities was $44.853 million for the year ended September 30, 2023, primarily from share issuances under the ATM Program and registered direct offerings[316][318] Share Issuances and Offerings - Arqit issued 7,814,459 shares under its ATM Program in 2023, generating proceeds of approximately $11.5 million before fees and expenses[306] - In February 2023, Arqit completed a registered direct offering, selling 10,000,000 ordinary shares and warrants, generating proceeds of approximately $20.0 million[307] - In September 2023, Arqit completed another registered direct offering, selling 20,755,677 ordinary shares and warrants, generating proceeds of approximately $16.2 million[309] Financial Instruments and Risk Management - Arqit's financial instruments primarily consist of cash and cash equivalents, with no significant exposure to interest rate risk or credit risk[295][296][297] - Arqit is exposed to foreign exchange risk primarily with respect to British pounds sterling and Euro, and manages this risk by holding multi-currency bank accounts[298] Regulatory and Reporting Status - Arqit qualifies as an "emerging growth company" under the JOBS Act, allowing it to rely on reduced reporting requirements until September 3, 2026[302][303] Research and Development Costs - Arqit's research costs are expensed as incurred, while development costs are capitalized after technical and commercial feasibility are established[319] - Capitalized development costs as of September 30, 2023, were $3.414 million, down from $40.291 million in 2022 and $18.235 million in 2021[327] Compensation and Valuation Models - Share-based compensation fair value is estimated using the Black Scholes model, with assumptions disclosed in audited financial statements[328] - Compensation expense for RSUs is based on the market price of shares at grant date and expensed over a one to five-year vesting period[329] Tax and Asset Valuation - Deferred tax assets recognition depends on the likelihood of generating sufficient taxable earnings in future periods[330] - Assets held for sale are recognized at fair value less costs to sell, with potential revisions due to changes in the economic environment[331]

Exhibit 99.1 Arqit Quantum Inc. Announces Financial and Operational Results for the Fiscal Year 2023 $5.6 million of revenue and other operating income from discontinued operations for fiscal year 2023 Revenue for the second half of fiscal year 2023 from the sale of QuantumCloud™ symmetric key agreement encryption technology increased from the first half of fiscal year 2023 New specialised applications of QuantumCloud™ symmetric key agreement encryption technology, including NetworkSecure™, TradeSecure™ and ...

Arqit Quantum's (NASDAQ:ARQQ) Q2 2023 Earnings Conference Call May 17, 2023 11:00 AM ET Company Participants David Williams - Founder, Exec. Chairman & CEO Nick Pointon - CFO & Exec. Director Conference Call Participants Scott Buck - H.C. Wainwright Jim Shelton - Deutsche Bank Operator Good day, ladies and gentlemen. 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 of fiscal year end 2023 results, which can be dow ...

Arqit Quantum Inc. (NASDAQ:ARQQ) Q4 2022 Earnings Conference Call December 14, 2022 11:00 AM ET Company Participants David Williams - Founder, Chairman and CEO Nick Pointon - CFO Conference Call Participants Scott Buck - H.C. Wainwright Nihal Choksi - Northland Capital Markets Operator Good day and welcome to Arqit's 2022 Fiscal Year Earnings Conference Call. On today's call, we will be referring to the 20-F and press release filed this morning that details the company's full fiscal year-end 2022 results, w ...