Quantum puting (US:QUBT) Xin Lang Cai Jing·2025-11-15 07:21Core Insights - Quantum Computing reported third-quarter earnings that exceeded Wall Street expectations, leading to a significant increase in market confidence and a subsequent rise in stock price [1][2] - The company achieved a net profit of $2.4 million (or $0.01 per share) for the quarter ending in September, a notable improvement from a loss of $5.7 million (or $0.06 per share) in the same period last year, while analysts had anticipated a loss of $0.06 per share [1] - Revenue surged by 280% year-over-year to $384,000, far surpassing the market expectation of $100,000, attributed to increased contracts in R&D services and custom hardware [1] Financial Performance - Operating expenses rose to $10.5 million, up from $5.4 million in the same quarter last year, primarily due to expanded investments in engineering, R&D, and manufacturing to support business growth [1] - As of the end of the third quarter, the company held $352 million in cash and $461 million in investments, with a successful financing round of $750 million post-quarter, bringing total liquid assets to over $1.5 billion [2] Business Developments - Quantum Computing secured a procurement order from a top U.S. bank for its quantum network security solutions, marking a significant step in the commercialization of its quantum security platform [2] - The company is accelerating its efforts in quantum artificial intelligence and cybersecurity solutions, responding to growing demand across various industries [2] - A partnership with NASA has deepened, focusing on a joint project to apply quantum optimization technology to spaceborne lidar data [2] Market Reaction - Following the earnings announcement, Quantum Computing's stock rose over 13% in after-hours trading, although it remains down nearly 36% year-to-date as of Friday's close [2]