Financial Data and Key Metrics Changes - The company achieved record sales exceeding $11,000,000 in Q2 2025, surpassing total sales for the entire fiscal year 2024 [5] - Gross profit margins decreased by 17% due to front-loaded investments and one-time costs associated with supply chain activation [5][6] - As of June 30, 2025, cash and cash equivalents were $16,423,000, with working capital of $16,163,000 and zero long-term debt [6] Business Line Data and Key Metrics Changes - The company has a healthy inventory position of over $7,000,000 and a current backlog of approximately $15,000,000 [6][15] - Multiple purchase orders have been received, partially funding previously announced Letters of Intent (LOIs) with prominent ORAN 5G players [7] Market Data and Key Metrics Changes - The ORAN 5G infrastructure market is projected to grow at 33.4%, reaching over $42,000,000,000 globally by February 2030 [9] - Quantum computing hardware is expected to grow at a combined annual growth rate (CAGR) of 37.3%, exceeding $9,000,000,000 by February 2032 [9] - Satellite and high-speed connectivity equipment is estimated to grow at a 12% CAGR through February 2030, driven by LEO networks and rural broadband demand [9] Company Strategy and Development Direction - The company is focused on four key areas: open RAN, ORAN 5G networks, quantum computing, and satellite terrestrial high-speed connectivity, all expected to see high growth [8] - The strategy involves aggressive investment to secure long-term positions within critical next-generation infrastructure rollouts [8][10] - The company aims to leverage increasing demand for secure domestically manufactured communications equipment, positioning itself as a trusted alternative to foreign suppliers [10] Management's Comments on Operating Environment and Future Outlook - Management anticipates revenue growth exceeding 100% year-over-year in fiscal year 2025, driven by public and private 5G orders [13] - Gross margins are expected to improve beginning in Q3 2025 as production costs normalize and one-time costs are reduced [14] - Positive cash flow from operations and projected profitability are anticipated in fiscal year 2026, assuming current order pace and margin recovery continue [14] Other Important Information - The company maintains a strong cash management discipline and does not anticipate raising capital under unfavorable market conditions [14] - The company has a good backlog of about $15,000,000 and expects additional orders to continue funding its LOIs [15] Q&A Session Summary Question: Update on second tier one orders and feedback - The company has already received orders from the second tier one, with LOIs valued at $17,000,000 and $40,000,000, and additional orders are expected [18][19] Question: Visibility on 2026 production - The company has periodic meetings with both organizations and is able to energize the supply chain based on customer forecasts [21] Question: Pipeline with other operators - The company is seeing interest from other large MNOs transitioning to 5G ORAN technology, with expectations for a good response next year [24] Question: Quantum computing revenue expectations - The quantum computing business is not yet at a production phase, but the company has delivered products showing performance [25][26] Question: Update on space division and backlog - The satellite business is expected to ramp up next year as LEO applications are built out [29] Question: Inventory and manufacturing strategy - The company is building to forecast and has a manageable inventory level to satisfy upcoming purchase orders [59]

China is by far investing more in quantum than any other country. They're leading at about 17 billion. If we take Europe, the EU, all those countries together, it's about 11 billion and the US is at about 5 billion.So, we are behind China significantly. In fact, all the countries in the world are well behind China. So it's important for the US to really start focusing on a better strategy for quantum and really to up that investment.There are a number of different approaches to developing quantum computers. ...

Quantum Computing Advantages - Quantum computing offers significantly better computing power, potentially a million (1,000,000) to a billion (1,000,000,000) times better than classical computing [2] - Quantum computing consumes a small fraction of the energy compared to classical computing, offering a double win in both computing and energy efficiency [2] - Quantum computing can solve problems currently unsolvable by classical computing, while consuming less energy [1] Applications and Potential - Quantum computing has numerous potential applications, including weather forecasting, AI (bridging Gen AI to AGI), drug discovery, material synthesis, and encryption [3] - The quantum computing business is expected to reach hundreds of billions of dollars in a decade or two [4] R&D and Future Outlook - The industry is still in the R&D stage, with the next three to four years focused on technology milestones [4][5] - Technology milestones are the most important factor in the near term, with financial excitement expected beyond that [5]

hair growth. Learn more at Mike Wirth AECOM. >> This market's going into a speculative frenzy.People are racking up huge gains in quantum computing stocks even as the technology is still in its infancy. But maybe it's closer than we think. But I'm not scolding you.I want to take the speculation seriously, because maybe it's not that speculative after all. Which brings me to D-Wave quantum, a stock that's up nearly 2,000% over the past 12 months. I want some of that.Last Thursday, D-Wave reported. Honestly, ...

[ Music ] We are very excited to get these systems into the hands of customers. Together with Microsoft, we really want to make this a reality and enable these customers to build their ecosystems, create a quantum ready workforce, and really bring quantum into the hands of people. We want quantum computing to be a reality and to make a difference in the world. And the whole goal here is to achieve quantum advantage.We want to get to the number of logical qubits and good enough logical qubits together. That ...

⚡️ INSIGHT: 80,000 $BTC from eight Satoshi-era wallets moved on July 4, with each wallet transferring 10,000 $BTC, leading to speculation that quantum computing threats prompted the transfers. https://t.co/UzN0yQrVQZ ...

Quantum Computing & Blockchain Security - Research indicates that millions of wallets are potentially at risk due to advancements in quantum computing [1] - New research on Sui demonstrates that EdDSA wallets (Sui, Solana, Near, Cosmos) can securely prove ownership post-quantum [1] - This provides a future-proof defense for mnemonic-based wallets [1] Blockchain Applicability - The quantum transition solution works for EdDSA-based chains like Sui, Solana, Near, and Cosmos [1] - The solution is not applicable to Bitcoin and Ethereum [1]

How did two Pritzkers—JB and Penny—get obsessed with quantum computing, a technology so complex even the savviest struggle to grasp it? It’s a mix of deep faith in the tech’s potential—and FOMO. https://t.co/1ZNo1aaFGW ...

How did two Pritzkers—JB and Penny—get obsessed with quantum computing, a technology so complex even the savviest struggle to grasp it? It’s a mix of deep faith in the tech’s potential—and FOMO. https://t.co/d7qFJg2xWG ...

Company Performance & Market Positioning - Ionq's stock has increased by 476% over the past 12 months and is up 145% from its March lows [1] - Ionq positions itself as a leading quantum internet company, building both powerful, affordable quantum computers and the quantum networks required for secure communication [4][5] - Ionq claims to be racing against China to crack RSA encryption and provide quantum networking equipment to maintain global security [5] Technological Advancements & Partnerships - Ionq has demonstrated quantum advantage twice, including a 20x speedup in partnership with Nvidia and Amazon Web Services [6][7] - Ionq is making breakthroughs in computational analysis, including a protein folding partnership, and is on the verge of simulating molecules with 30-35 atoms [10] - Ionq's technology is advancing rapidly, with compute space doubling sometimes weekly or monthly, leading to potentially millions or billions times more powerful machines than classical computers [19][20] Industry Perspective & Future Outlook - Ionq's CEO believes the company's quantum processing units will become significantly cheaper than other paths to fully fault-tolerant machines [14] - Ionq's technology has potential applications across various fields, including drug discovery and material science [8][11] - Ionq's early start and technology choices, such as running with less energy at room temperature, give it a commercial advantage [17]