The Motley Fool·2025-12-02 01:54Core Insights - Investor sentiment is shifting away from quantum computing stocks, with Quantum Computing Inc. (QCi) experiencing a decline alongside broader tech stock retreats [1][2] - Despite low revenue, QCi reported better-than-expected third-quarter results and announced a collaboration with POET Technologies [2][6] - The company has a market cap of $2.5 billion but is still not generating significant revenue, making it sensitive to market sentiment [8] Financial Performance - QCi reported third-quarter revenue of $384,000, an increase from $101,000 in the same quarter last year, surpassing the consensus estimate of $116,670 [6] - The company raised $750 million post-quarter, increasing its liquidity to over $1.5 billion, which provides a long runway for investment [6] - QCi reported a GAAP operating loss of $10.4 million for the quarter [6] Strategic Developments - On November 11, QCi announced a strategic collaboration with POET Technologies to develop thin-film lithium niobate engines for data transfers in AI systems [5] - The collaboration is seen as a promise of future potential rather than immediate results [5][6] Market Position and Outlook - QCi's balance sheet is expected to instill some confidence among investors, although it may take years before the company generates material revenue [7] - The stock is likely to continue trading based on investor sentiment, which could be problematic if concerns about a bubble in the sector arise [8]