Quantum Computing (NASDAQ:QUBT) Second Quarter 2024 Results

Key Financial Results

• Net loss: US$5.19m (loss widened by 12% from 2Q 2023).
• US$0.056 loss per share.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Quantum Computing EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) exceeded analyst estimates by 25%.

Looking ahead, revenue is forecast to grow 113% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 6 warning signs we've spotted with Quantum Computing (including 2 which make us uncomfortable).

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