Quantum computing is an emerging technology that uses quantum mechanics to solve complex problems faster than traditional computers. It has the potential to revolutionize fields like cryptography, drug discovery, and financial modeling. Quantum computing stocks represent companies developing this technology or its applications. These stocks are often part of the broader technology sector but form a niche, cutting-edge category. Investing in quantum computing stocks can offer exciting opportunities for growt ...

MELBOURNE, Australia and TORONTO, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Dear Fellow Shareholders: On September 27, 2024, the board of directors (the Board) of Besra Gold Inc. (Besra) announced, after an unexplained delay, the commencement on September 19, 2024 of legal proceedings by the undersigned shareholders (the Plaintiffs) against Besra, its Board, Quantum Metal Recovery Inc. and certain other parties (the Defendants). In the interest of transparency, the Plaintiffs wish to bring to your attention the ful ...

Research details solutions for several key challenges of quantum computing implementation TROY, Mich., Oct. 9, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, and researchers from the Technical University of Munich have made a major breakthrough in the field of quantum computing for computational fluid dynamics (CFD). The breakthrough, published in the journal Computer Physics Communications, presents runnable code for quantum computers and quantum simulators that ...

These firms are building technology that could upend the computer industry. Quantum computers promise to revolutionize computing as we know it, making it a promising industry to invest in. For example, Alphabet-owned Google's quantum computer completed a complex calculation in six seconds that would have taken 47 years with a supercomputer. This demonstrates quantum advantage, a term describing when quantum machines can outperform today's computers. Quantum computing uses subatomic particles, called qubits, ...

● . . | --- | --- | |--------------------------------------------------|-------| | | | | Celly Nutrition Signing a Master Distribution | | | Agreement with FUSION Distribution Group across | | | Puerto Rico, The Caribbean, and Parts of Central | | | and South America | | October 07, 2024 8:40 AM EDT | Source: Quantum BioPharma Ltd. Toronto, Ontario--(Newsfile Corp. - October 7, 2024) - Quantum BioPharma Ltd. (NASDAQ: QNTM) (CSE: QNTM) (FSE: 0K91) ("Quantum BioPharma") provides an update by way of a news rel ...

Quantum Corporation (QMCO) recently announced that its flagship ActiveScale platform has expanded its Veeam Ready qualifications. Veeam Software, the top provider in data resilience, now supports Quantum's ActiveScale 7.0, which includes all-flash solutions for rapid ransomware recovery and ActiveScale Cold Storage for budget-friendly, air-gapped retention in the Veeam Archive Tier. ActiveScale has long been a trusted solution for organizations looking for a reliable backup target that integrates seamlessly ...

Financial Performance - Second quarter 2024 revenues totaled approximately $183,000, a 63% increase from $112,000 in the same period of 2023, driven by increased contractual sales [3] - Gross margin decreased to 32% in Q2 2024 from 54% in Q2 2023, primarily due to a shift from consulting services to customized research and development revenue [3] - Operating expenses decreased by 24% to $5.3 million in Q2 2024 compared to $7.0 million in Q2 2023, reflecting disciplined cost management and reduced stock-based compensation [3] - Net loss available to common stockholders improved to $5.2 million ($0.06 per share) in Q2 2024 from $7.6 million ($0.12 per share) in Q2 2023 [3] - Total assets increased to $76.0 million as of June 30, 2024, up from $74.4 million at year-end 2023, with cash and cash equivalents rising to $2.5 million [3] - Total liabilities decreased by $2.1 million to $3.6 million as of June 30, 2024, driven by debt repayment and reduced accrued expenses [3] Operational Highlights - Successfully sold a quantum LiDAR prototype to Johns Hopkins University for $200,000, marking a significant advancement in underwater LiDAR technology [4] - Appointed Richard Nelson as Senior Vice President of Business Development and Pouya Dianet as Director of TFLN Optical Chip Sales to accelerate market penetration [4] - Progressed on establishing the first U.S.-based Thin Film Lithium Niobate (TFLN) foundry in Tempe, Arizona, a key initiative for leadership in the optical chip market [4] - Extended the Cooperative Research and Development Agreement (CRADA) with Los Alamos National Laboratory (LANL) to focus on the Dirac-3 entropy quantum optimization machine [4] Strategic Developments - Strengthened position in the quantum computing landscape through partnerships, including product sales to Johns Hopkins University and collaboration with NASA [2] - Regained compliance with Nasdaq and SEC reporting requirements after delays caused by an auditor transition [2] - Raised $7.0 million in net proceeds through a secured convertible debt financing subsequent to the quarter [3] Company Overview - Quantum Computing Inc (QCi) is an integrated photonics and quantum optics technology company providing accessible and affordable quantum machines [7] - QCi's products operate at room temperature and low power, offering unique capabilities in high-performance computing, AI, cybersecurity, and remote sensing [7] Financial Statements - Total current assets increased to $3.4 million as of June 30, 2024, from $2.7 million at year-end 2023, driven by higher cash, inventory, and prepaid expenses [8] - Property and equipment, net, increased to $5.4 million as of June 30, 2024, from $2.9 million at year-end 2023, reflecting investments in infrastructure [8] - Intangible assets decreased to $10.5 million as of June 30, 2024, from $12.1 million at year-end 2023, due to amortization [8] - Shareholders' equity stood at $65.5 million as of June 30, 2024, down from $68.7 million at year-end 2023, primarily due to accumulated deficits [6]

VANCOUVER, BC, Oct. 2, 2024 /PRNewswire/ -- Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) ("Scope Technologies" or the "Company") is pleased to announce the successful completion of updates for its new retail subscription model, offering full access to its industry-leading encrypted, quantumresilient, and decentralized cloud storage solutions. Having reached this key milestone, Scope Technologies is now in closed user group testing gearing up for the official launch, which will deliver top- ...

LONDON, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) ("Arqit" or the "Company"), a global leader in quantum encryption technology, today announced that it has entered into a definitive securities purchase agreement with existing shareholders Heritage Assets SCSP, Notion Capital, Carlo Calabria, and Garth Ritchie (collectively, the "Purchasers") for the sale and purchase of 5,440,000 of the Company's ordinary shares, $0.000004 par value per share (the "Ordinary Shares") at an o ...

HOBOKEN, N.J., Sept. 30, 2024 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, announced the extension of its Cooperative Research and Development Agreement (CRADA) with the Los Alamos National Laboratory (LANL). This strategic collaborative agreement focuses on QCi's new entropy quantum optimization machine, Dirac-3, and its capabilities to quickly and efficiently solve highly complex problems associat ...