HOBOKEN, N.J., Dec. 17, 2024 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today announced that the Company has been awarded a prime contract by the National Aeronautics and Space Administration's ("NASA") Goddard Space Flight Center. This contract marks a pivotal step forward for QCi by applying its entropy quantum optimization machine, Dirac-3, to support NASA's advanced imaging and data processing ...

Financial Data and Key Metrics - Q3 2024 revenue totaled approximately $101,000, a significant increase from $50,000 in Q3 2023, driven by increased contractual sales, particularly from the Johns Hopkins University contract [25] - Gross margins decreased to 9% in Q3 2024 from 52% in Q3 2023, primarily due to the lower-margin Johns Hopkins project [25] - Operating expenses decreased by 18% to $5.4 million in Q3 2024 compared to $6.6 million in Q3 2023, driven by cost containment efforts [26] - Net loss attributable to common stockholders was $5.7 million or $0.06 per basic share in Q3 2024, compared to a net loss of $7.1 million or $0.10 per basic share in Q3 2023 [28] - Total assets increased to $76.8 million as of September 30, 2024, up from $74.4 million at the end of 2023 [30] - Cash and cash equivalents increased to $3.1 million as of September 30, 2024, up from $2.1 million at the end of 2023 [30] - Total liabilities increased to $10.9 million as of September 30, 2024, primarily due to a $7 million secured convertible debt financing [32] Business Line Data and Key Metrics - The company's Dirac-3 quantum machine operates at room temperature with low power consumption (25 watts), offering advantages in solving computational benchmark problems [15][16] - The TFLN foundry in Tempe, Arizona, is in the final phase of commissioning and is expected to begin production in early 2025, with pre-sales orders already secured [17] - The company secured its fifth project with NASA, focusing on quantum technology for spaceborne LiDAR missions aimed at reducing costs and enhancing climate monitoring data collection [22] Market Data and Key Metrics - The company is leveraging the growing demand for TFLN devices in telecom and data center applications, which aligns with its strategy to drive early revenues from foundry services [12][13] - The company's presence at key industry events, such as Quantum World Congress 2024 and Quantum Tech Europe, has elevated its profile among government and commercial stakeholders [20] Company Strategy and Industry Competition - The company's strategy focuses on leveraging its core TFLN technology to capture multiple revenue streams in complementary markets, including energy management, automotive, and financial portfolio optimization [9][10] - The company aims to establish a best-in-class sustainable use case strategy for energy management and automotive applications, aligning with global trends in sustainable energy and advanced technology innovation [8][9] - The company is positioning itself as an early mover in emerging markets, with a focus on scalable quantum machines and high-margin revenue streams [7][13] Management Commentary on Operating Environment and Future Outlook - Management highlighted the favorable environment created by governmental support for quantum technology and initiatives aimed at fostering innovation [9] - The company is confident in its ability to execute its strategic vision, with a focus on delivering accessible, affordable, and scalable quantum solutions [34] - Management emphasized the importance of aligning external funding initiatives with the company's roadmap to ensure strategic growth [37] Other Important Information - The company raised $7 million in secured convertible debt financing during Q3 2024 and an additional $4.5 million through its ATM facility post-Q3 [30][31] - The company extended its CRADA with Los Alamos National Laboratory to explore the capabilities of its Dirac-3 machine for quantum optimization problems [19] Q&A Session Summary Question: What is the outlook for securing more contract grant revenues? - The company has bolstered its R&D proposal writing capability and expects to secure more external funding, particularly in remote sensing applications [36][37] Question: What is the timeline for the Tempe foundry to become operational? - The foundry is expected to complete construction by the end of 2024, with commissioning starting in January 2025 and operations beginning in Q1 2025 [39]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $.0001 QUBT The Nasdaq Stock Market LLC FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to _______ ...

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: June 30, 2024 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) | --- | |----------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 82-4533053 (State or other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $.0001 QUBT The Nasdaq Stock Market LLC 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, 2024 or ☐ TRANSITION REPORT PURSUA ...

HOBOKEN, N.J., Aug. 1, 2024 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, quantum optics and nanophotonics technology company, today released its July company newsletter containing a mid-year business update from its Chief Executive Officer, Dr. William McGann. This update provides an in-depth look at QCi's strategic progress and positive changes implemented over the past six months. Mid-year company highlights: Go-To Market Strategy: QCi is continuously evol ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 ...

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: September 30, 2023 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 | | ...

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: June 30, 2023 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 | | --- ...

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, 2023 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) (State or other jurisdiction of ...