Despite hard challenges in the form of noise, error rates, qubit coherence, and scaling, quantum computing stocks to buy now remain enticing enough to continue attracting capital. Unlike traditional computers, quantum computers can simultaneously hold 0 and 1 states. According to analysts, the global quantum computing market size is estimated at $1.3 billion in 2024. But it is poised for a CAGR of 32.7%, bringing it to $5.3 billion by 2029. Of course, major technological breakthroughs are not predictable, w ...

BOSTON, June 20, 2024 (GLOBE NEWSWIRE) -- Zapata Computing Holdings Inc. ("Zapata AI" or the "Company") (Nasdaq: ZPTA), the Industrial Generative AI company, today announced that it has published and will present to the Defense Advanced Research Projects Agency (DARPA) select research findings — alongside its collaborators Rigetti Computing, University of Southern California, HRL Laboratories and L3Harris — from its participation in Phase II of DARPA's Quantum Benchmarking program. Publication of these resu ...

While Zapata AI may elect to update these forward-looking statements at some point in the future, Zapata AI specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Zapata AI's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. BOSTON, June 18, 2024 (GLOBE NEWSWIRE) -- Zapata Computing, Inc. ("Zapata AI") (Nasdaq: ZPTA), the Industrial ...

With the addition of Synopsys products, Quantum Leap Solutions expands its extensive offerings in Automotive, HPC, AI, Data Center and Mixed-Signal for applications including Radar, LiDAR, Functional Safety / Automotive, and wireless / mmwave and RF ICs. About Quantum Leap Solutions: This partnership leverages QLS's extensive market presence with Synopsys' industry leading technologies, opening new avenues for the accessibility of cutting-edge electronic design tools and semiconductor IP. QLS, with its trac ...

That report starts with the company's adjusted earnings per share of -29 cents for the year. That's down from the adjusted EPS of 3 cents per share reported by the company during fiscal 2023. QMCO Stock Drops on Guidance Read More:Penny Stocks — How to Profit Without Getting Scammed Adding to that is its revenue of $311.6 million for fiscal 2024. That's below the single $350 million estimate from Wall Street. It's also a 26.2% decrease year-over-year from $422.1 million. Things aren't looking much better fo ...

Financial Data and Key Metrics Changes - Revenue for fiscal year 2024 was $311.6 million, a decrease of approximately 26% year-over-year, primarily due to the largest hyperscaler customer discontinuing new system orders [45][62] - GAAP gross margin increased by 614 basis points to 40% compared to the prior year, reflecting proactive actions in manufacturing and services [46] - GAAP net loss for fiscal 2024 was $41.3 million, or a loss of $0.43 per share, compared to a loss of $18.4 million or $0.20 per share in the prior year [46][62] - Non-GAAP adjusted net loss for fiscal 2024 was $27.5 million, or $0.29 loss per share, compared to a gain of $3.2 million, or $0.04 gain per share in the prior year [47] Business Line Data and Key Metrics Changes - The company reported a significant decline in revenue from its largest hyperscaler customer, which impacted overall performance [45][62] - ActiveScale was noted as the fastest-growing product in the portfolio, with a near 100% attach rate when sold with Myriad [22] - Subscription revenue increased approximately 33% year-over-year to approximately $17.8 million, with total annual recurring revenue (ARR) for FY 2024 at $144.9 million, representing about 46% of total revenue [51] Market Data and Key Metrics Changes - The company experienced a decline in revenue from tape media and LTO royalty payments, partially offset by increases in primary and ActiveScale solutions [45] - The company anticipates a slight uptick in revenue from primary storage business in Q2, following a headwind from hyperscale revenue in Q1 [25] Company Strategy and Development Direction - The company is focused on improving its capital structure and reducing debt, including selling non-core assets to strengthen its balance sheet [49][64] - Strategic initiatives include enhancing operational efficiencies, streamlining the sales organization, and expanding partnerships in key markets [66][67] - The launch of Quantum GO, a subscription model, aims to meet growing data management needs and drive revenue growth [69] Management's Comments on Operating Environment and Future Outlook - Management expressed disappointment with the fiscal 2024 results but emphasized a commitment to business transformation and operational improvements [62][63] - The company expects to stabilize its legacy business while driving growth in higher-margin products like ActiveScale and Myriad [77] - Management anticipates adjusted EBITDA to turn positive in Q2 and expects to achieve cash flow from operations positivity in the back half of the fiscal year [79][80] Other Important Information - The company is in the process of restating its financial statements for previous periods due to accounting adjustments related to standalone selling price and warrant classifications [15][43] - Cash, cash equivalents, and restricted cash as of fiscal year ending March 31, 2024, were approximately $25.9 million, with outstanding debt of $87.9 million [48] Q&A Session Summary Question: What is the timing for audited results? - Management expects to have audited results out to shareholders within a few days, with a commitment to have it by July 1st [37] Question: What can be said about the decision-making process of the large hyperscaler customer? - The customer opted for a custom solution that did not align with the company's product model, leading to a significant revenue impact [38][39] Question: Are there plans for further sales of non-core assets? - Management indicated that they are actively looking for follow-on opportunities to monetize non-core assets to focus on strategic growth areas [42] Question: When will adjusted EBITDA turn positive? - Management anticipates adjusted EBITDA to be positive in Q2 and beyond, driven by cost containment and management [79][80]

Quantum. Your difference is in your data." June 17, 2024 QMCO Earnings Presentation – FQ4'24 | 2 Opening Remarks Business Update Call Jamie Lerner Chairman and CEO Kenneth Gianella CFO Safe Harbor Statement and Use of Non-GAAP Financial Information © 2024 Quantum Corporation Safe Harbor Statement. Our presentation today contains forward-looking statements about the Company's plans, strategies, goals, target, and prospects including the company's cost reduction initiative and expected benefits of such initia ...

Financial Performance - Adjusted EBITDA for the year ended March 31, 2024, was $(5.304 million), compared to $21.142 million in 2023 [38] - Net loss for the year ended March 31, 2024, was $(41.286 million), compared to $(18.368 million) in 2023 [38] - Adjusted net income (loss) for the year ended March 31, 2024, was $(27.514 million), compared to $3.167 million in 2023 [39] - Adjusted net income (loss) per share – basic for the year ended March 31, 2024, was $(0.29), compared to $0.04 in 2023 [39] - Adjusted net income (loss) per share – diluted for the year ended March 31, 2024, was $(0.29), compared to $0.03 in 2023 [39] Share Metrics - Weighted average shares – basic for the year ended March 31, 2024, were 95,087, compared to 90,348 in 2023 [39] - Weighted average shares – diluted for the year ended March 31, 2024, were 95,087, compared to 91,188 in 2023 [39] Expenses and Charges - Stock-based compensation expense for the year ended March 31, 2024, was $4.721 million, compared to $10.750 million in 2023 [38] - Restructuring charges for the year ended March 31, 2024, were $4.019 million, compared to $2.178 million in 2023 [38] - Non-recurring project costs for the year ended March 31, 2024, were $4.895 million, compared to $0 in 2023 [38]

While the technology offers myriad innovations, investors ought to earmark the top quantum computing stocks for the speculative long-term section of their portfolio. Fundamentally, it all comes down to the projected relevance. Granted, with every pioneering space comes high risks. If you're willing to accept the heat, these are the top quantum computing stocks to consider. To be sure, Honeywell (NASDAQ:HON) isn't exactly what you would call a direct player among top quantum computing stocks. Rather, the com ...

Quantum computing, with its unparalleled data processing speed, has the potential to usher in a new era in tech. Moreover, the synergy between AI and quantum computing will elevate millionaire-maker quantum computing stocks to new heights. The industry is likely to achieve these kinds of returns as a result of becoming a new critical technology at the center of data processing and connection. Moreover, quantum tech is leaving traditional silicon-based systems in the dust. Beyond this, some of the most influ ...