HOBOKEN, N.J., May 15, 2025 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today released financial results for the three-month period ended March 31, 2025.Dr. Yuping Huang, Interim Chief Executive Officer of QCi, commented, "QCi delivered solid operational and financial progress in the first quarter, strengthening our balance sheet and advancing key strategic initiatives. We completed construction du ...

Core Insights - The National Security Agency (NSA) has introduced the Commercial National Security Algorithm Suite 2.0 (CNSA 2.0) to establish quantum-resistant cryptographic standards, urging data center and computing markets to become post-quantum ready within two years [1] - Microchip Technology has developed the MEC175xB embedded controllers that support immutable post-quantum cryptography, aimed at helping system architects meet evolving security demands [1][2] Company Overview - Microchip Technology Inc. is a leading provider of smart, connected, and secure embedded control and processing solutions, serving over 100,000 customers across various markets including industrial, automotive, consumer, aerospace, defense, communications, and computing [8] Product Features - The MEC175xB family employs a modular approach for developers to adopt post-quantum cryptography efficiently, ensuring long-term data protection without compromising existing functionality [2] - These controllers are designed with NIST-approved post-quantum cryptographic algorithms, secure boot solutions, and an advanced Enhanced Serial Peripheral Interface (eSPI) [2] - The controllers incorporate CNSA 2.0-compliant Module-Lattice-Based Digital Signature Algorithms (ML-DSA), Merkle stateful hash-based Leighton-Micali Signature (LMS) verification, and Module-Lattice-Based Key-Encapsulation Mechanism (ML-KEM) [3] Technical Specifications - The MEC175xB controllers feature an Arm® Cortex®-M4F processor running at 96 MHz, 480 KB of SRAM, and various connectivity options including I3C® and optional USB 2.0 Full-Speed interface [4] - They include secure boot and firmware update schemes configurable for CNSA 1.0 or 2.0 or hybrid-based signature verification, enhancing system integrity and authenticity [4] Development Tools - MEC175xB controllers are compatible with MPLAB® X Integrated Development Environment (IDE) and supported by example projects available in the Secure Document Extranet (SDE) [6] Availability - The MEC175xB controllers are currently available as part of Microchip's early adopter program, with additional information accessible through Microchip's sales representatives or their website [7]

Core Insights - The grand opening of Quantum Computing Inc.'s quantum photonic chip foundry in Tempe, Arizona marks a significant milestone in the company's growth strategy and aims to meet the increasing global demand for thin-film lithium niobate (TFLN) photonic chips [1][2][5] Group 1: Facility and Operations - The foundry construction was completed in March 2025 and is now operational, fulfilling existing customer pre-orders and positioned to scale production capacity for datacom, telecom, advanced sensing, and quantum computing markets [3][4] - The facility is designed to provide U.S.-based manufacturing of high-performance photonic chips and to supply critical components for QCi's proprietary quantum computing machines [4] Group 2: Strategic Importance - The opening of the foundry is a cornerstone of QCi's multi-phase growth strategy, which includes scaling capacity, enhancing vertical integration, and expanding into emerging quantum computing markets [5] - The company anticipates modest initial revenue from the foundry this year, with expectations for revenue growth to accelerate starting in 2026 as more customers come online [5] Group 3: Community and Economic Impact - The foundry is expected to bring high-tech jobs and economic development to Tempe, reinforcing the city's reputation as a hub for innovation in quantum technologies and advanced manufacturing [2]

Core Viewpoint - Needham analyst Quinn Bolton reiterated a Buy rating on D-Wave Quantum Inc. (QBTS) and raised the price forecast from $8.50 to $13, following a significant revenue increase reported by the company [1]. Financial Performance - D-Wave reported revenue of $15 million for the quarter ended March 31, representing a more than sixfold increase year-over-year [1]. - The gross margin for the Advantage system sales was 93.6%, significantly exceeding the Street estimate of 74.3%, indicating higher profitability from system sales compared to QCaaS revenue [3]. Key Developments - The sale of the Advantage quantum computing system to a major research institution was a primary driver of the revenue boost [1]. - D-Wave completed the installation of its Advantage2 system at Davidson in Alabama, showcasing its operational progress [4]. - The company is actively pursuing partnerships in the quantum blockchain space to enhance its go-to-market strategy, which could lead to substantial system sales opportunities [5]. Market Interest - There has been an increase in commercial interest following D-Wave's quantum supremacy demonstration last quarter, indicating growing market confidence in the company's technology [4]. - Ford Otosan is advancing its deployment into production, with plans for expansion across multiple factories, reflecting the practical application of D-Wave's technology [5]. Future Outlook - D-Wave's expanding technology portfolio and focus on practical, commercial use cases are expected to drive stronger customer adoption and revenue growth [6]. - Despite the positive developments, the company remains EBITDA-negative, suggesting that investors should anticipate ongoing dilutive financing rounds until it reaches EBITDA break-even [6].

Core Points - First Quantum Minerals Ltd. announced the election of directors during the 2024 Annual Meeting of Shareholders, with a total of 715,082,417 shares voted, representing 85.72% of the issued and outstanding shares [1] Group 1: Election Results - Alison C. Beckett received 619,762,765 votes in favor, accounting for 88.35% of the votes cast [2] - Peter Buzzi received 700,739,328 votes in favor, accounting for 99.89% of the votes cast [2] - Geoff Chater received 610,971,586 votes in favor, accounting for 87.09% of the votes cast [2] - Kathleen A. Hogenson received 691,376,822 votes in favor, accounting for 98.55% of the votes cast [2] - C. Kevin McArthur received 596,731,045 votes in favor, accounting for 85.06% of the votes cast [2] - Juanita Montalvo received 701,484,017 votes in favor, accounting for 99.99% of the votes cast [2] - Brian Nichols received 701,304,409 votes in favor, accounting for 99.97% of the votes cast [2] - A. Tristan Pascall received 701,400,348 votes in favor, accounting for 99.98% of the votes cast [2] - Simon J. Scott received 701,439,443 votes in favor, accounting for 99.95% of the votes cast [2] - Hanjun (Kevin) Xia received 701,185,051 votes in favor, accounting for 99.95% of the votes cast [2]

Core Insights - Quantum Computing Inc. (QCi) has promoted Milan Begliarbekov to Chief Operating Officer and Pouya Dianat to Chief Revenue Officer to support the company's strategic growth and commercialization efforts [1][2] - The promotions come after the completion of QCi's quantum photonic chip foundry construction and the successful execution of its pilot chip sales initiative [1][7] Leadership Changes - Milan Begliarbekov, previously the Director of Quantum Foundry, will oversee day-to-day operations, drive manufacturing efficiency, and manage the development of advanced photonic circuits for quantum computers in his new role [3][4] - Pouya Dianat, formerly the Director of Photonic Integrated Circuits, will focus on global commercial strategy, customer acquisition, and revenue expansion across QCi's offerings as Chief Revenue Officer [5][6] Strategic Growth - The company aims to strengthen its leadership team to effectively execute its strategy, particularly in the datacom and telecom sectors, where there is increasing demand for high-performance TFLN solutions [7] - QCi's quantum photonic chip foundry in Tempe, Arizona, completed construction in March 2025, with an upgraded ISO certification finalized ahead of schedule, positioning the company to meet global demand for TFLN photonic chips [7][9] Market Positioning - QCi provides accessible and affordable quantum machines and TFLN foundry services, with products designed to operate at room temperature and low power [9] - The company's technologies offer unique capabilities in high-performance computing, artificial intelligence, cybersecurity, and remote sensing applications [9]

Core Insights - D-Wave Quantum Inc (QBTS) and IONQ Inc (IONQ) reported smaller-than-expected losses and revenue beats for Q1, leading to significant stock price increases [1] - IONQ received a price-target increase from Morgan Stanley to $30, while Needham reduced its target to $50 [1] Company Performance - QBTS shares surged by 39.9% to $9.64, marking the highest level since late March and a year-over-year increase of 598% [2] - IONQ shares rose by 2.2% to $29.80, with a year-over-year gain of 239.3% [3] Technical Analysis - QBTS is bouncing off support from the 100-day moving average, aiming to end a three-day losing streak [2] - IONQ is approaching a long-term resistance level at $32, having reached its highest price since February [3] Options Activity - There is significant call option activity for both companies, with QBTS call volume at 16 times and IONQ at four times the intraday average [4] - The most popular call contract for QBTS is the May 10 call, while for IONQ it is the July 30 call [4]

Core Insights - Quantum Computing Inc. (QCi) will host a conference call and webcast on May 15, 2025, at 4:30 p.m. Eastern Time to discuss its operational progress for Q1 2025 [1] - The company will release its Q1 2025 financial results on the same day after market close [1] Company Overview - Quantum Computing Inc. is an innovative company specializing in integrated photonics and quantum optics technology, providing accessible and affordable quantum machines [4] - The company's products are designed to operate at room temperature and low power, making them cost-effective [4] - QCi's technology portfolio includes capabilities in high-performance computing, artificial intelligence, cybersecurity, and remote sensing applications [4]

Core Viewpoint - D-Wave Quantum Inc. is a prominent player in the quantum computing industry, which is projected to grow at a CAGR of over 20% for the next five years, despite facing challenges such as high valuation and legal issues [1][10]. Company Overview - D-Wave Quantum trades at a price-to-sales ratio of 262.07, raising investor caution despite a significant increase in stock value over the past year [2]. - The company has achieved a maximum recurring annual revenue of approximately $9 million, with revenues remaining flat year-over-year [7]. Competitive Landscape - D-Wave focuses on annealing quantum technology, which critics argue has limited commercial applications compared to gate-model quantum architecture pursued by competitors like IBM [3][4]. - The small size of D-Wave compared to larger tech firms may hinder its ability to compete effectively in the evolving quantum industry [9]. Legal and Financial Challenges - D-Wave is currently facing multiple legal challenges related to alleged securities fraud, which could further impact its stock price [5][6]. - The company has struggled to achieve profitability and relies heavily on capital raises for operations, leading to speculation about its long-term viability [8]. Market Sentiment - Despite the challenges, Wall Street analysts maintain a positive outlook, with all six analysts rating D-Wave as a Buy and a consensus price target suggesting a potential upside of 21.72% [10][11]. - Short interest in D-Wave shares has decreased slightly, indicating that not all investors are aligned with the bearish sentiment expressed in recent reports [10].

Industry Overview - Quantum computing represents a rare ground-floor investment opportunity with transformative potential across various industries [2][3] - The quantum computing market is rapidly expanding, projected to grow from approximately $1 billion in 2024 to over $12 billion by 2032 [5] Company Analysis: IonQ, Inc. - IonQ specializes in trapped-ion quantum computing, offering superior coherence times and fidelity compared to superconducting methods, which is critical for complex calculations [6] - IonQ's stock is currently trading 40% below its 52-week high, presenting a potential entry point for risk-tolerant investors [7] - The company has formed strategic partnerships with major cloud providers, although it continues to operate with significant quarterly losses [7][9] - IonQ is considered a high-risk, high-reward investment, suitable for long-term investors [8][9] Company Analysis: D-Wave Quantum - D-Wave is focusing on quantum annealing technology, which is already solving complex optimization problems for over 100 commercial customers [11] - The stock is trading roughly 30% below its 52-week high, offering a tactical entry point for investors [10] - D-Wave faces challenges from better-funded rivals and requires additional capital to scale, but its specialized focus on immediate business value positions it for substantial revenue growth [12][13]