Arqit Quantum (US:ARQQ) Newsfilterยท2025-04-04 12:30Core Insights - Arqit Quantum Inc. expects to report preliminary revenue for the first half of fiscal year 2025 between $18,000 and $67,000, with cash and cash equivalents of approximately $24.7 million as of March 31, 2025 [1][3] Financial Performance - The revenue generation from a multi-year enterprise license contract in the EMEA region was delayed due to end customer issues, impacting revenue for the first half of fiscal year 2025 [2] - The contract is expected to yield seven figures in annual recurring revenue once revenue generation commences [2] Legal Matters - A motion to dismiss a class action lawsuit against Arqit was denied on March 28, 2025, but the court's decision does not reflect on the merits of the case [4] Future Reporting - The company plans to report complete financial results for the first half of fiscal year 2025 in May 2025, followed by a conference call [5] Company Overview - Arqit Quantum Inc. specializes in quantum-safe encryption, providing a unique encryption software service that secures communications against current and future encryption attacks, including those from quantum computers [6] - The company has received multiple awards for its innovative technology and is ISO 27001 Standard certified [6]