Financial Data and Key Metrics Changes - In Q1 2025, revenues totaled approximately $39 million, up from $27 million in the prior year quarter, reflecting a significant year-over-year increase [14] - Gross margin decreased to 33% from 41% in Q1 2024, indicating variability at the current revenue level [14] - Operating expenses rose to $8.3 million from $6.3 million in the same quarter last year, primarily driven by employee-based expenses [15] - The company reported net income attributable to common stockholders of approximately $17 million or $0.13 per basic share, compared to a net loss of $6.4 million in the prior year quarter [15] - Total assets increased to approximately $242.5 million from $153.6 million at year-end 2024 [15] - Cash and cash equivalents rose by $87.5 million to $166.4 million at quarter-end, bolstered by net proceeds of approximately $93.6 million raised through common stock offerings [16] - Total liabilities decreased by approximately $25 million compared to year-end 2024, primarily due to a non-cash mark-to-market adjustment [16] Business Line Data and Key Metrics Changes - The Quantum Photonic Chip Foundry in Tempe, Arizona, completed construction in Q1 2025, marking a significant milestone [7] - The company secured its fifth purchase order for foundry services from a leading Canadian research institute, indicating early validation of global demand [9] - The quantum machine business announced a collaboration with Sandoz Ture Institutional Therapeutics Discovery Institute to support advanced research in computational chemistry [10] - New customer orders included a quantum photonic vibrometer sold to DEF University of Technology and an immunohistological computing device sold to a major automotive manufacturer [12] Market Data and Key Metrics Changes - The company anticipates modest initial revenue from the foundry this year, with revenue growth expected to accelerate starting in 2026 [9] - The focus on data communications and telecommunications is expected to drive significant market demand for the company's products [8] Company Strategy and Development Direction - The company aims to deliver accessible and affordable quantum machines and photonic solutions that address real-world problems today [6] - The strategy includes building an ecosystem that is open and mutually beneficial, emphasizing the importance of customer discovery and technology validation [20] - The board has initiated a search for a new CEO to help capture substantial market opportunities [5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong operational and financial momentum entering 2025, with a focus on real-world applications of quantum and photonic technologies [17] - The completion of the chip foundry and a growing pipeline of customer activity positions the company well for sustainable growth [17] Other Important Information - The company strengthened its board with the addition of Eric Schwarz, who brings over 20 years of experience in financing, M&A, and corporate strategy [13] Q&A Session Summary Question: Any expectations of capacity constraints going in near term? Have you thought about potentially opening up another foundry? - Management acknowledged potential capacity constraints but emphasized the need to build an ecosystem and validate products with customers before scaling [20] - Plans for a second foundry were discussed, indicating exciting developments ahead [22]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 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: 001-40615 QUANTUM COMPUTING INC. (Exact name of registrant as specified in its charter) | Delaware | 82-4533053 | | --- ...

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 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 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 - 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]

（全球TMT2025年5月6日讯）近期，OPPO、荣耀、小米、蚂蚁集团、中手游、苹果、英特尔、Meta、Oklo、恩智浦、Discord、华纳音乐、 Quantum Computing、DXC Technology等公司高管变动。 OPPO内部消息，原中国区总裁刘波因脱产参加高管学习计划卸任该职位。高级副总裁段要辉直接负责中国市场，对中国区整体业务负责。另 外，此次调整还涉及线下销售板块，由原Reno与A系列GTM部长汤杰负责中国区线下销售工作 ，向段要辉汇报。2024年1月，段要辉升任公司高 级副总裁后分管中国区，刘波向其汇报。 赵明卸任两家荣耀终端公司董事长 北京荣耀终端有限公司、西安荣耀终端有限公司发生工商变更，赵明卸任董事长职务。其中，北京公司由方飞接任董事长职务，西安公司由刘洋 接任。此前，荣耀内部宣布，赵明因身体原因，向公司提出辞去CEO等相关职务，董事会决定由李健任CEO职务。 雷军在小米之家改任董事 小米之家商业有限公司发生工商变更，雷军由执行董事改任董事，同时经营范围新增智能家庭消费设备销售、美发饰品销售。该公司成立于2017 年6月，法定代表人为孙波，注册资本1亿人民币，由小米通讯技术有限 ...

Woo还看好Quantum即将在亚利桑那州坦佩市投入使用的铸造厂，这将为公司带来第二条营收来源。管 理层表示，该设施建设进展顺利，目前已进入最后调试阶段，并且已接获大量订单。铸造厂项目原由前 首席执行官William McGann领导，而他已于上周宣布退休。 在IBM(IBM.US)宣布将投资超过300亿美元用于本土制造大型主机和量子计算机的利好消息带动下， QUBT股价周一上涨了1.3%，至7.25美元。 Woo表示，投资者在看待Quantum时，应放眼更广阔的格局，尤其是公司正在积极推动商业化进程。他 预计，Quantum的营收将在2025年和2026年"大幅增长"。 目前，Quantum及其同行仍处于初创阶段，营收规模有限。根据公司3月20日发布的第四季度财报，营 收同比下滑17%至6.2万美元，运营开支则从660万美元激增至890万美元，季度净亏损扩大至5120万美 元，远高于去年同期的680万美元。这一业绩令投资者失望，导致股价当天暴跌12%，也加剧了早前由 于英伟达GTC首次"量子日"活动引发的抛售潮。 尽管财务数据令人担忧，Woo认为这是公司正处于"研发及早期商业化阶段"的自然体现。他指出， Q ...

LOS ANGELES, April 28, 2025 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Quantum Computing Inc. ("Quantum" or "the Company") (NASDAQ: QUBT) for violations of the federal securities laws. Shareholders who purchased the Company's securities between March 30, 2020 and January 15, 2025, inclusive (the "Class Period"), are encouraged to contact the firm before April 28, 2025. David J. Schwartz DJS Law Group 274 White Plains Road, Suite 1 Eastchester, NY 10709 Phone: 914-2 ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Quantum Computing Inc. during the specified class period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who purchased Quantum Computing securities between March 30, 2020, and January 15, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2][5]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by April 28, 2025 [3][5]. - The lawsuit alleges that Quantum Computing made false and misleading statements regarding its technologies, relationships with NASA, and business dealings, which may have negatively impacted its business and reputation [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4]. - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, and many attorneys at the firm have received accolades from Lawdragon and Super Lawyers [4].