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 -1.55% change in stock price 10 days leading up to the earnings, and a -8.23% change 10 days following the report. On the earnings day itself, the stock moves by -0.92%. 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
62.00K
-17.16%
-38.61%
Gross Margin
--
--
--
Operating Margin
--
--
--
Net Margin
--
--
--
EPS
--
--
--
No Data Available
QUBT Earnings Analysis
Quantum Computing Inc Corporation (QUBT.O) Earnings Conference Call
Positive
Operational and Financial Progress: QCi has made significant operational and financial progress in Q4 2024, positioning itself well for commercialization in 2025.
Balance Sheet Transformation: The company has a transformed balance sheet, with total assets increasing to $153.6 million, up from $74.4 million at year-end 2023.
Cash Reserves Increase: Cash and cash equivalents increased by $76.9 million to $78.9 million at year-end, bolstered by $92.1 million raised in the fourth quarter through stock offerings.
Gross Margin Improvement: The gross margin improved significantly to 55%, up from 13% in the fourth quarter of 2023, indicating better cost management.
NASA Contracts Secured: QCi secured multiple contracts with NASA, including a fifth task order for developing quantum modeling for spaceborne LiDAR missions, showcasing the demand for its technology.
Quantum Chip Production Timeline: The Quantum Photonic Chip Foundry in Tempe, Arizona is on schedule to begin production in early Q2 2025, with preorders already secured.
Collaboration Expansion Efforts: The company signed Memorandums of Understanding with Spark Photonics Design and Alcyon Photonics to broaden collaboration efforts, strengthening industry relationships.
Accessible Quantum Solutions: QCi's focus on delivering accessible quantum solutions today differentiates it from competitors still working on large-scale systems.
Partnership and Visibility Enhancement: The company actively engaged with commercial and government partners, attending numerous industry trade shows to enhance visibility and customer relationships.
Negative
Earnings Miss Reported: Quantum Computing, Inc. reported a significant earnings miss with an EPS of $-0.47, compared to expectations of $-0.05, indicating a larger-than-expected loss.
Revenue Decline Analysis: Total revenues for Q4 2024 were approximately $62,000, down from $75,000 in the prior-year quarter, reflecting a decline in sales performance year-over-year.
Net Loss Increase: The company reported a net loss attributable to common stockholders of $51.2 million, a substantial increase from a net loss of $6.8 million in the prior-year quarter, highlighting worsening financial health.
Rising Operating Expenses: Operating expenses increased to $8.9 million in Q4 2024 from $6.6 million in the same quarter last year, primarily due to higher employee-based expenses and stock-based compensation, indicating rising operational costs.
Liabilities Increase Concerns: Total liabilities at year-end 2024 were $46.3 million, an increase of approximately $41 million compared to year-end 2023, driven by non-cash adjustments related to the company's warrant liability, raising concerns about financial stability.
QUBT FAQs
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QUBT Earning Call Sentiment
Quantum Computing, Inc. (NASDAQ:QUBT) Q4 2024 Earnings Call Transcript
QUBT.O
1.16%Positive
Despite a strong gross margin improvement and increased cash reserves, the company's significant EPS miss, increased operating expenses, and widening net loss overshadow positive aspects. The Q&A revealed vague responses about operational efficiency, suggesting potential execution risks. Additionally, the common stock offering could dilute shareholder value. These factors collectively indicate a negative sentiment, likely leading to a stock price decline of -2% to -8% over the next two weeks.
