Core Insights - MicroCloud Hologram Inc. (HOLO) is focused on high-precision quantum parameter estimation, addressing challenges posed by traditional quantum estimation methods in dynamic oscillation environments [1][6][7] Quantum Estimation Framework - The company introduced Quantum Fisher Information (QFI) and Hilbert-Schmidt Speed (HSS) as key analytical tools, forming a comprehensive quantum estimation technology framework [2][6] - QFI quantifies the theoretical limit of precision for parameter estimation, while HSS describes the dynamic sensitivity of quantum state evolution [2][3] Research Findings - HOLO analyzed the impact of Josephson junction arrangements on quantum estimation performance, revealing that different configurations affect the system's transition frequency and detuning control [3][4] - Asymmetric arrangements of Josephson junctions enhance modulation characteristics, allowing for high-precision parameter extraction even in oscillating environments [3][5] Josephson Parametric Amplifiers (JPAs) - The research provides guidance for optimizing JPAs, which are crucial for amplifying weak signals in quantum circuits [4][5] - By evaluating parameters using QFI and HSS, the optimal operating conditions for JPAs can be identified, enhancing their performance in quantum signal detection [4][5] Simulation Model - HOLO constructed a superconducting qubit simulation model to analyze quantum oscillation behavior, achieving over 30% improvement in QFI peak values through optimized measurement timing [5][6] - This challenges the notion that quantum oscillations reduce estimation precision, suggesting new applications for quantum metrology in dynamic systems [5][6] Future Applications - The proposed technical pathway is expected to have broader applications in quantum systems, supporting advancements in high-precision quantum measurement and information processing [6][7] Company Overview - MicroCloud is dedicated to providing advanced holographic technology services, including holographic LiDAR solutions and digital twin technology [8] - The company plans to invest over $400 million in quantum computing, quantum holography, and related technologies [8]

Core Insights - Quantum computing is expected to become commercially viable around 2030, with potential for stocks in this sector to experience rapid growth if the technology gains relevance [1] - The article highlights two companies, IonQ and D-Wave Quantum, as prime candidates for significant growth in the quantum computing space [2] Industry Overview - The quantum computing landscape is competitive, with established tech giants like Alphabet, Microsoft, and IBM having substantial resources, creating a significant funding advantage [4] - Startups in quantum computing, referred to as "Davids," focus solely on becoming relevant in the field, relying on research contracts or public market funding, which fosters a scrappy competitive spirit [5][6] Company Analysis - IonQ and D-Wave Quantum are positioned as "pure plays" in quantum computing, with potential for massive upside compared to larger tech companies [7] - IonQ employs a trapped ion technique that operates at room temperature and boasts high accuracy, while D-Wave utilizes quantum annealing to solve optimization problems, making both companies' approaches distinct from the prevalent superconducting method [9][10][11] Market Potential - The different methodologies of IonQ and D-Wave could allow them to carve out niche markets, potentially leading to increased market share and prominence in the quantum computing sector [12] - Both companies are viewed positively for their innovative approaches, with the potential to become significant players if they achieve quantum computing supremacy [14]

IonQ has the potential to be a huge winner in the future.Artificial intelligence (AI) is the favored theme in investing right now, but that's not where the story on this tech sector ends. Another tech sector, quantum computing, gets less investment attention, partially because it's long been viewed as something way off in the distance. But that view is starting to shift.Nvidia CEO Jensen Huang recently said that quantum computing is reaching an "inflection point," which is something worth paying attention t ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Quantum Corporation To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Quantum Corporation between November 15, 2024 and August 18, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Sept. 11, 2025 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission File Number 001-13449 (State or other jurisdiction of incorporation or organization) 10770 E. Briarwood Avenue Centenni ...

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP reminds investors of the upcoming November 3, 2025 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Quantum Corporation ("Quantum†or the "Company†) (NASDAQ: QMCO) securities between November 15, 2024, and August 18, 2025, inclusive (the "Class Period†). IF YOU SUFFERED A LOSS ON YOUR QUANTUM INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAI. ...

Core Insights - Quantum Corporation reported a first-quarter fiscal 2026 non-GAAP loss of $1.58 per share, significantly wider than the Zacks Consensus Estimate of a loss of 15 cents, and compared to a loss of $1.57 per share in the same quarter last year [1][10] - Revenue for the quarter was $64.3 million, down 11% year over year, missing the consensus mark by 12.8%, primarily due to changes in product mix as the company transitions to a higher-value business model [2][10] - The company is restructuring teams to align with growth trends in AI, media and entertainment, data protection, and long-term archiving, while expanding distribution in South Asia, India, and China [3] Financial Performance - Product revenues declined 12% year over year to $37.5 million, while service and subscription revenues totaled $24.9 million, down from $26.7 million in the previous year [4] - The royalty business generated $1.8 million in revenues, a decrease of 37.7% year over year [5] - Gross margin was 35.3%, down from 37.4% in the prior-year quarter, attributed to higher inventory provisions and increased import tariffs [6] Cash Flow & Liquidity - Quantum used $16.9 million of net cash from operating activities in the quarter, compared to $1.9 million used in the year-earlier quarter [8] - As of June 30, 2025, the company's cash, cash equivalents, and restricted cash amounted to $37.5 million, an increase from $16.6 million as of March 31 [8] Future Outlook - For fiscal Q2, the company expects net sales of approximately $61 million, with non-GAAP operating expenses projected at $27 million, indicating benefits from recent cost-reduction measures [11] - The adjusted EBITDA is expected to be roughly breakeven, with a projected non-GAAP adjusted basic net loss per share of 26 cents [11]

Quantum Corp.‘s QMCO latest financial results have left investors disappointed, as the company’s first-quarter performance fell short of expectations, leading to an over 17% drop in its stock price. Despite reporting significant quarterly losses and a decline in revenue compared to last year, CEO Hugues Meyrath remains optimistic about leveraging high-value assets to enhance sales distribution and reduce debt.Here's a look at the key figures from the quarter. The Details: Quantum reported quarterly losses o ...

[Fiscal First Quarter 2026 Financial Results Overview](index=1&type=section&id=Fiscal%20First%20Quarter%202026%20Financial%20Results%20Overview) This section covers management's strategic initiatives, financial performance highlights, and key metrics for the quarter [Management Commentary](index=1&type=section&id=Management%20Commentary) Quantum's new CEO, Hugues Meyrath, is actively implementing measures to improve the company's cost structure and balance sheet, including strengthening the executive team and prioritizing debt reduction. Despite a challenging fiscal first quarter, the company anticipates improved bottom-line performance in the upcoming September quarter - New CEO Hugues Meyrath is focused on conducting in-depth business reviews, improving the cost structure and balance sheet, and strengthening the executive team with key new hires in sales and marketing[2](index=2&type=chunk) - The company has raised approximately **$83 million** in net proceeds from a standby equity purchase agreement to support debt reduction and working capital requirements[3](index=3&type=chunk) - Management expects decisive actions to result in noticeably improved bottom-line performance beginning in the September quarter (fiscal Q2 2026)[3](index=3&type=chunk) [Key Financial Highlights (Q1 2026 vs. Q1 2025)](index=1&type=section&id=Fiscal%20First%20Quarter%202026%20vs.%20Prior%20Fiscal%20Year%20Quarter) Quantum reported a decline in revenue and GAAP gross profit for Q1 FY2026 compared to the prior year. However, the company achieved a significant reduction in GAAP operating expenses, leading to a narrower GAAP net loss. Adjusted EBITDA remained negative and worsened year-over-year Q1 FY2026 vs. Q1 FY2025 Financial Highlights | Metric | Q1 FY2026 (Millions) | Q1 FY2025 (Millions) | Change (YoY) | | :------------------------------- | :------------------- | :------------------- | :----------- | | Revenue | $64.3 | $72.3 | -11.1% | | GAAP Gross Profit | $22.7 (35.3% of revenue) | $27.1 (37.4% of revenue) | -16.3% | | Total GAAP Operating Expenses | $35.3 (54.9% of revenue) | $43.9 (60.7% of revenue) | -19.6% | | GAAP Net Loss | ($17.2) | ($19.9) | +13.5% (narrower loss) | | GAAP Net Loss Per Share | ($1.87) | ($4.15) | +54.9% (narrower loss) | | Non-GAAP Adjusted Net Loss | ($14.5) | ($7.6) | -90.8% (wider loss) | | Non-GAAP Adjusted Net Loss Per Share | ($1.58) | ($1.59) | +0.6% (slightly narrower) | | Adjusted EBITDA | ($6.5) | ($2.2) | -195.5% (worsened) | [Detailed Financial Statements](index=4&type=section&id=Detailed%20Financial%20Statements) This section presents Quantum's balance sheets, statements of operations, and cash flows, offering a comprehensive view of its financial position and performance [Condensed Consolidated Balance Sheets](index=4&type=section&id=CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) As of June 30, 2025, Quantum's total assets increased by 8.8% from March 31, 2025, primarily driven by a significant rise in cash and cash equivalents. Total liabilities decreased by 11.4%, largely due to the elimination of outstanding borrowings on its revolving credit facility, resulting in a substantial reduction in stockholders' deficit Condensed Consolidated Balance Sheets Summary | Balance Sheet Item | June 30, 2025 (Thousands) | March 31, 2025 (Thousands) | Change | | :-------------------------------- | :-------------------------- | :------------------------- | :----- | | Cash and cash equivalents | $37,404 | $16,464 | +127.2% | | Total current assets | $118,443 | $102,806 | +15.2% | | Total assets | $169,154 | $155,402 | +8.8% | | Revolving credit facility | $0 | $26,600 | -100% | | Total current liabilities | $223,752 | $257,607 | -13.1% | | Total liabilities | $283,540 | $319,768 | -11.4% | | Total stockholders' deficit | ($114,386) | ($164,366) | +30.4% (reduced deficit) | [Condensed Consolidated Statements of Operations and Comprehensive Loss](index=5&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS%20AND%20COMPREHENSIVE%20LOSS) For the three months ended June 30, 2025, Quantum experienced an 11.1% decrease in total revenue compared to the prior year, with declines across product, service, and royalty segments. Despite this, the company successfully reduced total operating expenses by 19.5%, leading to a narrower loss from operations and a 13.5% reduction in net loss Condensed Consolidated Statements of Operations Summary | Metric | Q1 FY2026 (Thousands) | Q1 FY2025 (Thousands) | Change (YoY) | | :-------------------------- | :-------------------- | :-------------------- | :----------- | | Product Revenue | $37,535 | $42,652 | -12.0% | | Service and Subscription Revenue | $24,943 | $26,711 | -6.7% | | Royalty Revenue | $1,808 | $2,902 | -37.7% | | Total Revenue | $64,286 | $72,265 | -11.1% | | Gross Profit | $22,712 | $27,057 | -16.0% | | Total Operating Expenses | $35,308 | $43,860 | -19.5% | | Loss from Operations | ($12,596) | ($16,803) | +25.0% (narrower loss) | | Net Loss | ($17,206) | ($19,898) | +13.5% (narrower loss) | | Net Loss per Share | ($1.87) | ($4.15) | +54.9% (narrower loss) | [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) In Q1 FY2026, Quantum's net cash used in operating activities significantly increased to ($16.9) million from ($1.9) million in the prior year. However, financing activities provided a substantial net cash inflow of $39.0 million, primarily driven by $67.0 million in net proceeds from shares issued related to the SEPA, resulting in a positive net change in cash, cash equivalents, and restricted cash for the period Condensed Consolidated Statements of Cash Flows Summary | Cash Flow Item | Q1 FY2026 (Thousands) | Q1 FY2025 (Thousands) | Change (YoY) | | :------------------------------------ | :-------------------- | :-------------------- | :----------- | | Net cash used in operating activities | ($16,892) | ($1,896) | -790.9% (more cash used) | | Net cash used in investing activities | ($1,192) | ($1,620) | +26.4% (less cash used) | | Net cash provided by financing activities | $39,028 | ($4,798) | N/A (swing from outflow to inflow) | | Proceeds from shares issued (SEPA), net | $66,994 | $0 | N/A | | Net change in cash, cash equivalents, and restricted cash | $20,944 | ($8,317) | N/A (swing from decrease to increase) | | Cash, cash equivalents, and restricted cash at end of period | $37,547 | $17,543 | +114.0% | [Non-GAAP Financial Measures](index=7&type=section&id=Non-GAAP%20Financial%20Measures) This section defines and reconciles non-GAAP financial metrics, including Adjusted EBITDA and adjusted net loss, to provide insights into core operating performance [Non-GAAP Definitions and Rationale](index=7&type=section&id=NON-GAAP%20FINANCIAL%20MEASURES) Quantum utilizes non-GAAP financial measures, including Adjusted EBITDA and non-GAAP adjusted net income (loss), to offer investors a clearer view of its core operating performance by excluding certain non-recurring or non-cash items. The company acknowledges the inherent limitations of these measures and advises against their sole reliance - Adjusted EBITDA is defined as net income (loss) before interest, taxes, depreciation, amortization, stock-based compensation, restructuring charges, acquisition-related intangible assets, debt extinguishment, non-recurring project costs, and fair value of warrants adjustments[28](index=28&type=chunk) - Non-GAAP adjusted net income (loss) excludes restructuring charges, stock-based compensation, acquisition-related intangible assets, debt extinguishment, non-recurring project costs, and fair value of warrants adjustments[29](index=29&type=chunk) - These non-GAAP measures are used by management and the board to evaluate core operating performance and trends, and to prepare annual budgets and operating plans[30](index=30&type=chunk) [Adjusted EBITDA Reconciliation](index=8&type=section&id=Adjusted%20EBITDA) The reconciliation of GAAP net loss to Adjusted EBITDA shows a negative Adjusted EBITDA of ($6.5) million for Q1 FY2026, a significant decline from ($2.2) million in Q1 FY2025, primarily due to changes in non-recurring project costs and gain/loss on debt extinguishment Adjusted EBITDA Reconciliation Table | Item | Q1 FY2026 (Thousands) | Q1 FY2025 (Thousands) | | :------------------------------------ | :-------------------- | :-------------------- | | GAAP net loss | ($17,206) | ($19,897) | | Interest expense, net | $6,516 | $3,905 | | Provision for income taxes | $223 | $235 | | Depreciation expense | $1,277 | $1,318 | | Stock-based compensation expense | ($529) | $925 | | Restructuring charges | $2,532 | $1,192 | | Gain (loss) on debt extinguishment | ($2,559) | $695 | | Amortization of acquisition-related intangible assets | $230 | $462 | | Non-recurring project costs | $3,012 | $10,650 | | Fair value of warrants adjustments | $0 | ($1,666) | | **Adjusted EBITDA** | **($6,504)** | **($2,181)** | [Non-GAAP Adjusted Net Loss Reconciliation](index=8&type=section&id=Non-GAAP%20adjusted%20net%20loss%20and%20net%20loss%20per%20share) The reconciliation of GAAP net loss to non-GAAP adjusted net loss indicates a wider adjusted net loss of ($14.5) million for Q1 FY2026 compared to ($7.5) million in Q1 FY2025, with adjusted net loss per share at ($1.58) versus ($1.57) in the prior year, reflecting the impact of various adjustments Non-GAAP Adjusted Net Loss Reconciliation Table | Item | Q1 FY2026 (Thousands) | Q1 FY2025 (Thousands) | | :------------------------------------ | :-------------------- | :-------------------- | | GAAP net loss | ($17,206) | ($19,897) | | Stock-based compensation expense | ($529) | $925 | | Restructuring charges | $2,532 | $1,192 | | Loss on debt extinguishment | ($2,559) | $695 | | Amortization of acquisition-related intangible assets | $230 | $462 | | Non-recurring project costs | $3,012 | $10,650 | | Non-recurring interest expense | $0 | $116 | | Fair value of warrants adjustments | $0 | ($1,666) | | **Adjusted net loss** | **($14,520)** | **($7,523)** | | Adjusted net loss per share – basic and diluted | ($1.58) | ($1.57) | [Business Outlook](index=2&type=section&id=Business%20Outlook) This section provides Quantum's financial guidance for the upcoming fiscal second quarter of 2026, including revenue and profitability projections [Fiscal Second Quarter 2026 Guidance](index=2&type=section&id=Business%20Outlook) Quantum provides guidance for the fiscal second quarter of 2026, projecting revenue between $59 million and $63 million, non-GAAP adjusted operating expenses around $27 million, and an adjusted EBITDA of approximately breakeven Q2 FY2026 Financial Guidance | Metric | Q2 FY2026 Guidance | | :------------------------------------ | :----------------------------------- | | Revenue | $61 million, plus or minus $2 million | | Non-GAAP adjusted operating expenses | $27 million, plus or minus $2 million | | Non-GAAP adjusted basic net loss per share | ($0.26), plus or minus $0.10 | | Adjusted EBITDA | Approximately breakeven | [Company Information and Disclosures](index=2&type=section&id=Company%20Information%20and%20Disclosures) This section offers background on Quantum, details for investor communications, and important forward-looking statement disclaimers [About Quantum](index=2&type=section&id=About%20Quantum) Quantum Corporation, listed on Nasdaq (QMCO), is a company with over four decades of experience, providing end-to-end data management solutions tailored for the AI era. Its platform enables customers to maximize value from unstructured data, supporting high-performance AI applications and data-intensive workloads - Quantum delivers end-to-end data management solutions designed for the AI era, leveraging over four decades of experience[14](index=14&type=chunk) - The company's data platform helps customers extract maximum value from their unique, unstructured data, powering AI applications and demanding data-intensive workloads[14](index=14&type=chunk) - Quantum serves leading organizations in life sciences, government, media and entertainment, research, and industrial technology[14](index=14&type=chunk) [Conference Call and Webcast Details](index=2&type=section&id=Conference%20Call%20and%20Webcast) Quantum hosted an earnings and business update conference call on September 10, 2025, with details provided for live access and subsequent replay via telephone and webcast, available on the investor relations section of the company's website - Management hosted an earnings and business update conference call on September 10, 2025, at 5:00 p.m. ET (2:00 p.m. PT)[12](index=12&type=chunk) - A telephone replay was available through September 17, 2025, and a webcast replay will be accessible on the company's website for at least 90 days[13](index=13&type=chunk) [Forward-Looking Information](index=2&type=section&id=Forward-Looking%20Information) This section contains forward-looking statements regarding Quantum's future financial results, anticipated benefits, and strategic goals. These statements are subject to various business, economic, and other known and unknown risks and uncertainties that could cause actual results, levels of activity, performance, or achievements to differ materially from those expressed or implied - The press release includes forward-looking statements related to future financial results, anticipated benefits of the standby equity purchase agreement, and the company's focus, goals, opportunities, and strategy[16](index=16&type=chunk) - These statements are subject to business, economic, and other risks and uncertainties, both known and unknown, that may cause actual results to be materially different[17](index=17&type=chunk)[19](index=19&type=chunk) - Risks include macroeconomic and inflationary conditions, competitive pressures, challenges in executing strategy, and the ability to develop new products and meet customer needs[20](index=20&type=chunk) [Investor Relations Contacts](index=3&type=section&id=Investor%20Relations%20Contacts) Investor relations inquiries for Quantum Corporation can be directed to Shelton Group, with specific contacts and their information provided - Investor Relations contacts are Leanne K. Sievers and Brett L. Perry of Shelton Group, reachable via phone at 214-272-0070 or email at sheltonir@sheltongroup.com[21](index=21&type=chunk)

Core Viewpoint - Quantum Corporation announced its financial results for the fiscal first quarter of 2026, which ended on June 30, 2025, highlighting a focus on operational reviews and customer engagement by the new CEO Hugues Meyrath [1]. Financial Performance - The company reported its financial results for the fiscal first quarter, indicating a significant focus on improving business operations and customer relationships [1]. Management Insights - CEO Hugues Meyrath emphasized the importance of conducting in-depth reviews of business operations and engaging with key customers and partners since his appointment in June [1].