Quantum Computing (QUBT) Q4 2024 Earnings Call March 21, 2025 09:37 AM ET Company Participants Rosalyn Christian - Account ManagerWilliam McGann - CEOChris Boehmler - CFO Conference Call Participants Edward Woo - Director of Research & Senior Analyst Operator Greetings. Welcome to the Quantum Computing Inc. Fourth Quarter twenty twenty four Shareholder Update Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. Please n ...

Financial Data and Key Metrics Changes - Fourth quarter 2024 revenues totaled approximately $62,000, a decrease from $75,000 in the prior-year quarter [23] - Gross margin improved significantly to 55%, up from 13% in the fourth quarter of 2023, driven by a focus on reducing direct costs [23] - Net loss attributable to common stockholders was $51.2 million or $0.47 per basic share, compared to a net loss of $6.8 million in the prior-year quarter, primarily due to non-cash charges related to the company's warrant liability [25] - Total assets increased to $153.6 million, up from $74.4 million at year-end 2023 [25] - Cash and cash equivalents increased by $76.9 million to $78.9 million at year-end, bolstered by net proceeds of $92.1 million raised in the fourth quarter [26] - Stockholders' equity rose to $107.3 million, reflecting a strengthened capital position [27] Business Line Data and Key Metrics Changes - The company is focused on two primary market needs: the Dirac-3 quantum machine for complex optimization problems and advancing photonic chip technology [10][11] - Significant operational progress was made, including an expansion of the partnership with NASA, securing multiple contracts for quantum modeling and optimization [12][14] - The Quantum Photonic Chip Foundry in Tempe, Arizona is in the final stages of commissioning and is on schedule to begin production in early Q2 2025 [15] Market Data and Key Metrics Changes - The company has been actively engaged with commercial and government partners, attending numerous industry trade shows and conferences to present quantum optimization and photonic chip solutions [17][18] - There is a mix of domestic and international focus, with some orders for photonic chips coming from Europe and Asia, while the Dirac machine orders are primarily domestic [33][34] Company Strategy and Development Direction - The company aims to scale operations and accelerate the commercialization of its technology in 2025, focusing on driving revenue from the foundry and quantum machines [20][29] - The strategy includes expanding industry partnerships and continuing R&D innovation to push the boundaries of photonic computing [20][29] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the growing recognition of quantum technology and the company's unique position in delivering accessible solutions [6][8] - The company is well-positioned to capitalize on the growing demand for scalable quantum solutions, with a strong financial position and a focus on innovation [29] Other Important Information - The company has signed Memorandums of Understanding with Spark Photonics Design and Alcyon Photonics to broaden collaboration efforts [16] - The company is preparing to deliver proof of concept chips to customers in Q2 2025, with a ramp-up period expected for full operational efficiency [38][39] Q&A Session Summary Question: Focus on international opportunities - Management indicated a current focus on domestic business with some global companies, while also having orders for photonic chips from Europe and Asia [33][34] Question: Foundry business operational efficiency - Management noted that there will be a startup time for the foundry, with proof of concept chips being delivered in Q2, and a ramp-up to full operational efficiency expected [38][39]

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, 2024 | Delaware | 82-4533053 | | --- | --- | | (State or other jurisdiction of | (I.R.S Employer | | incorporation or organization) | Identification No.) | | 5 Marine View Plaza, Suite 214, Hoboken, NJ | 07030 | | (Address of principal executive offices) | (Zip Code) | Registrant's telephone ...

Core Viewpoint - A class action lawsuit has been filed against Quantum Computing Inc. (QUBT) for allegedly misleading investors regarding its technology capabilities and business dealings, particularly with NASA and related-party transactions [1][2]. Allegations - The lawsuit claims that QCI overstated its quantum computing technologies, its relationship with NASA, and the progress on its TFLN foundry [2]. - It is alleged that QCI's revenues were partially based on undisclosed related-party transactions, which could significantly harm the company's reputation once revealed [2]. - A report by Capybara Research accused QCI of fabricating revenues and overstating ties to NASA, leading to a significant drop in stock price [3]. Stock Impact - Following the allegations, QCI's stock price fell by $1.72, or 14.89%, closing at $9.83 per share on January 17, 2025 [3]. Class Action Participation - Shareholders interested in participating as lead plaintiffs must file by April 28, 2025, but can remain absent class members without taking action [4]. Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is won [5].

Core Viewpoint - A class action securities lawsuit has been filed against Quantum Computing Inc. (QUBT) for alleged securities fraud affecting investors between March 30, 2020, and January 15, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that defendants overstated the capabilities of QCI's quantum computing technologies, products, and services [2] - It is alleged that defendants misrepresented the nature and scope of QCI's relationship with NASA, including contracts and subcontracts [2] - The complaint states that QCI's progress in developing a thin film lithium niobate (TFLN) foundry was overstated, along with the scale of the foundry and orders for TFLN chips [2] - QCI's business dealings with Quad M and millionways are claimed to be related party transactions, which were not disclosed [2] - The lawsuit suggests that QCI's revenues were partially reliant on these undisclosed related party transactions [2] - The revelations of these issues are expected to have a significant negative impact on QCI's business and reputation, rendering the defendants' public statements materially false and misleading [2] Group 2: Legal Process and Participation - Investors who suffered losses in Quantum Computing Inc. during the relevant time frame have until April 28, 2025, to request to be appointed as lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the top securities litigation firms in the United States [4]

HOBOKEN, N.J., March 13, 2025 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today announced that the Company will host a conference call and webcast on Thursday, March 20, 2025 at 4:30 p.m. Eastern Time to review the Company's operational progress for the fourth quarter and full year ended December 31, 2024.  The Company will release its fourth quarter and full year 2024 financial results that day af ...

BENSALEM, Pa., March 10, 2025 /PRNewswire/ -- The Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Quantum Computing Inc. ("QCI" or the "Company") (NASDAQ: QUBT).IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN QUANTUM COMPUTING INC. (QUBT), CONTACT THE LAW OFFICES OF HOWARD G. SMITH BEFORE APRIL 28, 2025 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.Contact the Law Offic ...

RADNOR, Pa., March 10, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that a securities class action lawsuit has been filed against Quantum Computing Inc. ("QCI") (NASDAQ: QUBT) on behalf of those who purchased or otherwise acquired QCI securities between March 30, 2020, and January 15, 2025, inclusive (the "Class Period"). The lead plaintiff deadline is April 28, 2025.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered QCI losses, you may C ...

RADNOR, Pa., March 5, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that a securities class action lawsuit has been filed against Quantum Computing Inc. ("QCI") (NASDAQ: QUBT) on behalf of those who purchased or otherwise acquired QCI securities between March 30, 2020, and January 15, 2025, inclusive (the "Class Period"). The lead plaintiff deadline is April 28, 2025.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:If you suffered QCI losses, you may CLI ...

NEW YORK, March 4, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Quantum Computing Inc. ("Quantum Computing Inc." or the "Company") (NASDAQ: QUBT) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Quantum Computing Inc. investors who were adversely affected by alleged securities fraud between March 30, 2020 and January 15, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra ...