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 ...

All of which could fuel big upside for quantum computing stocks. Helping, QBTS has a consensus "strong buy" rating from four analysts, with an average price target of $3. And, the stock is set to join the Russell 3000 Index on July 1, which will give it even more exposure to investors. In addition, not long ago, analysts at Needham initiated coverage of QBTS with a "buy" rating and a price target of $2.50. Source: Boykov / Shutterstock.com Two, some of 71 holdings include MicroStrategy (NASDAQ:MSTR), Nvidia ...

HOBOKEN, N.J., June 11, 2024 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, quantum optics and nanophotonics technology company, today released in an effort to be transparent its preliminary, unaudited financial results for the three-month period ended March 31, 2024. QCi also announced that it has engaged BPM LLP as the Company's new independent registered public accounting firm. Additional details of the Company's financial results are included in our Curren ...

Red Cloud is a Toronto-based financial services company that listed companies with accessing capital markets and enhancing their corporate profile. Under the agreement, the Corporation will pay Red Cloud $5,000 per month during the term, payable quarterly upfront in advance for the first 3 months and thereafter monthly. There are no performance factors contained in the agreement between Red Cloud and the Corporation and Red Cloud will not receive any shares or options from the Corporation as compensation fo ...

Visiongain has published a new report entitled Quantum Communication Market Report 2024-2034: Forecasts by Type (Free-Space QC, Fibre-Based QC), by Component (Hardware, Software, Services), by Application (Quantum Secure Messaging, Quantum Internet, Quantum Computing Networks, Other), by Product Type (Quantum Repeaters and Transceivers, Quantum Sensors, Quantum Cryptography Software, Quantum Network Management Software, Other), by End-users (IT and Cybersecurity, Banking and Finance, Government and Defence, ...

The Nasdaq Composite, which holds a number of big-name tech stocks, experienced a bit of selling pressure last week. In particular, the index fell nearly 2%. This potentially creates an opening for savvy investors to buy up shares of stocks that appear undervalued. One growth sector worth looking into would be quantum computing. Most people by now are familiar with generative artificial intelligence (AI) technologies, such as OpenAI's ChatGPT. This led us to creating this list of undervalued quantum computi ...

Melbourne, Victoria, Australia--(Newsfile Corp. - May 28, 2024) - Besra Gold Inc (ASX: BEZ) ("Besra" or the "Company") refers to its ASX announcement dated 15 May 2024 and advises that the Company has today received confirmation from Quantum Metal Recovery Inc (Quantum) that Quantum has successfully opened in Australia a US$ bank account with the Commonwealth Bank of Australia (CBA). As a consequence of the opening of this US$ bank account, Quantum will now be able to meet the Malaysian regulatory (Sharia l ...

Let's explore the high-stakes world of quantum computing. These three companies could change the future of computing, each in its own unique way. Quantum computing may be the next big thing, and lots of people are talking about it. The potential to revolutionize industries from pharmaceuticals to finance has investors keeping a close eye on key players in this space. But which companies are leading the charge? To answer this critical question, a trio of Fool.com contributors with decades of high-tech analys ...