Arqit Quantum Inc. Announces Select Preliminary Financial Results for First Half of Fiscal Year 2025

Financial Performance - Arqit Quantum Inc. expects to report preliminary revenue for the first half of fiscal year 2025 between approximately $18,000 and $67,000, with cash and cash equivalents around $24.7 million as of March 31, 2025 [1][3] - Revenue generation from a multi-year enterprise license contract in the EMEA region was delayed due to end customer issues, impacting revenue for the period [2][3] Legal Matters - A motion to dismiss a putative class action lawsuit against Arqit was denied on March 28, 2025, but the court's decision does not reflect on the merits of the claims [4] Future Reporting - The company plans to report complete first half results in May 2025, followed by a conference call to discuss the results [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, including recognition from IDC and GSMA [6]