QUBT Earnings Prediction
The chart below shows how QUBT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, QUBT sees a +14.72% change in stock price 10 days leading up to the earnings, and a -15.46% change 10 days following the report. On the earnings day itself, the stock moves by +4.48%. This data can give you a slight idea of what to expect for the next quarter's release.
QUBT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
101.00K
102.00%
-44.81%
Gross Margin
8.91%
-82.87%
-71.88%
Operating Margin
-5384.16%
-59.28%
87.07%
Net Margin
-5618.81%
-58.93%
97.97%
EPS
-0.06
-40.00%
-0.00%
No Data Available
QUBT Earnings Analysis
Quantum Computing Inc. Common Corporation (QUBT.O) Earnings Conference Call
Positive
Revenue Increase Analysis: Q3 2024 revenues totaled approximately $101,000, a significant increase from $50,000 in Q3 2023, driven by increased contractual sales, particularly from a contract with Johns Hopkins University.
Operating Expenses Reduction: Operating expenses decreased by 18% year-over-year, from $6.6 million in Q3 2023 to $5.4 million in Q3 2024, reflecting effective cost containment measures.
Convertible Debt Financing: The company raised net proceeds of $7 million through secured convertible debt financing in Q3 2024, enhancing its financial resources for strategic initiatives.
Asset Growth Increase: Total assets increased by $2.4 million from $74.4 million at year-end 2023 to $76.8 million as of September 30, 2024, indicating growth in the company's financial position.
NASA Quantum Technology Project: The company secured its fifth project with NASA, focusing on developing quantum technology for spaceborne LiDAR missions, which aims to significantly reduce costs associated with climate monitoring data collection.
Negative
Modest Revenue Increase: Revenues totaled approximately $101,000 in Q3 2024, a modest increase from $50,000 in Q3 2023, indicating limited growth despite ongoing efforts.
Gross Margin Decline: Gross margins decreased significantly to 9% in Q3 2024 from 52% in Q3 2023, primarily due to lower margins from the Johns Hopkins project, highlighting profitability challenges.
Net Loss Improvement: The company reported a net loss of $5.7 million or $0.06 per share in Q3 2024, an improvement from a net loss of $7.1 million or $0.10 per share in the same period last year, but still reflecting ongoing financial struggles.
Liabilities Increase Concerns: Total liabilities increased by approximately $5.3 million to $10.9 million as of September 30, 2024, primarily due to new convertible debt financing, raising concerns about financial leverage.
Operating Expenses Reduction Challenges: Despite a decrease in operating expenses to $5.4 million in Q3 2024 from $6.6 million in Q3 2023, the company continues to face significant losses, indicating ongoing operational challenges.
