CSIMarket
 
Quantum Computing Inc   (QUBT)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $0.8112 $-0.07 -7.923%
Day's High: $0.8838 Week Perf: -10.01 %
Day's Low: $ 0.80 30 Day Perf: -14.61 %
Volume (M): 1,400 52 Wk High: $ 1.81
Volume (M$): $ 1,136 52 Wk Avg: $1.06
Open: $0.88 52 Wk Low: $0.63



 Market Capitalization (Millions $) 78
 Shares Outstanding (Millions) 97
 Employees 25
 Revenues (TTM) (Millions $) 0
 Net Income (TTM) (Millions $) -40
 Cash Flow (TTM) (Millions $) -3
 Capital Exp. (TTM) (Millions $) 3

Quantum Computing Inc
The companys primary goal is to develop software tools and applications for quantum computers. We think that the quantum computing sector offers huge commercial opportunities and that the quantum computer has the potential to disrupt major global businesses. Regardless of when quantum computing provides a significant performance advantage over traditional computing, the software tools and applications required for speeding real-world problems must be created in order to fully realize quantum computings potential.
Quantum computing is a fundamentally new paradigm compared with conventional silicon-based computing, requiring a new and highly technical set of skills to create the software that will drive quantum results. Organizations seeking to gain advantage from the promise of quantum technology must acquire and develop skills in quantum mechanics, mathematics and physics, and a deep knowledge of the ever-changing quantum hardware. The pool of people with those skills today is limited and in high demand.

In order to address the steep learning curve and highly particular skillset associated with quantum computing, the Company is developing 'quantum ready' software applications and solutions for commercial and government entities looking to leverage the expected future performance of quantum computing. We are focused on being an enabler ' creating software that provide the advantages of advanced computing hardware for forward thinking clients.
By reducing the barriers to adoption for commercial and government entities in using quantum computing technologies to solve their most complex problems, we believe our products will accelerate quantum technology adoption similar to the adoption curve that has been witnessed with artificial intelligence. To this end, we are leveraging our collective expertise in finance, computing, mathematics and physics to develop a suite of applications that may enable global industries to utilize quantum computers, quantum annealers and digital simulators to improve their processes, profitability, and security.
Qatalyst (formerly Mukai) is our answer to the current state of the quantum computing industry. As the industry's first publicly available Quantum Application Accelerator, Qatalyst enables developers to create and execute quantum-ready applications on conventional computers, while being ready to run on quantum computers where those systems achieve performance advantage. Qatalyst performs the complex problem transformations necessary to be executed on a variety of quantum platforms today, and users can call upon the same Qatalyst APIs (Application Programming Interfaces) to achieve optimization performance advantages on conventional computers using our cloud-based solution.

Qatalyst dramatically reduces the time-to-quality results and the associated costs for both conventional and quantum computers. Unlike more common toolsets that require deep level quantum expertise to build new quantum problems and workflows, Qatalyst is not a tool kit, but a complete platform. It accelerates performance and results on classic and quantum computers, with no additional quantum programming or quantum computing expertise required. This is why it is unique in its approach to the quantum computing industry. Instead of invoking a team of quantum specialists to transform an optimization problem, an SME or programmer submits their current problem via a software API to the Qatalyst cloud-based platform. Qatalyst manages the workflow, optimizations, and results, without any further intervention by the user. Qatalyst provides a unique advantage to reduce applications development risks and costs by eliminating the need for scarce high-end quantum programmers.
Qatalyst is integrated with the Amazon Cloud BRAKET API, offering access to multiple Quantum Processing Units ('QPUs') including DWave, Rigetti, and IonQ. Qatalyst also integrates directly with IBM's QPUs.


   Company Address: 215 Depot Court SE, Leesburg 20175 VA
   Company Phone Number: 436-2121   Stock Exchange / Ticker: NASDAQ QUBT
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
GOOG        1.95% 
HON   -0.81%    
IBM   -3.98%    
• View Complete Report
   



Quantum Computing Inc

Quantum Computing Inc Demonstrates Healthy Growth in Q3 2023

/>Quantum Computing Inc. recently released its financial results for the July to September 30, 2023 interval, showing a significant increase in revenue but also a widening net shortfall. This article aims to outline the key facts and shed light on the company's financial performance in the software and programming sector. Additionally, it will place these results into context by considering the recent performance of Quantum Computing Inc. shares.
Financial Highlights:
In the third quarter of 2023, Quantum Computing Inc. experienced a surge in revenue by 33.972%, reaching $0.05 million compared to the same reporting period the previous year. This growth outperformed many of its peers in the software and programming sector, as most companies witnessed a top-line elevation of 12.09% year-on-year. In the prior reporting period, the company's revenue stood at $0.11 million, signaling a decline in sales.

Quantum Computing Inc

Quantum Computing Inc Shines in Q2 2023 with Impressive Revenue Growth and Reduced Losses



Quantum Computing Inc, a leading Software & Programming company, has recently released its financial results for the second quarter of 2023. The company's performance reveals remarkable revenue improvement, substantial reduction in losses, and a positive trend in income per share. It has also outperformed its industry peers, further enhancing its competitive position. Additionally, the notable increase in accounts receivable indicates a surge in demand, suggesting promising prospects for the company's future growth.
Key Highlights:
1. Revenue Growth: Quantum Computing Inc experienced a substantial revenue improvement of 71.324% in Q2 2023, totaling $0.11 million. This represents a significant turnaround from the negative revenue growth witnessed in Q1 when revenue decreased by -6.919%. The company's ability to generate higher revenues demonstrates its resilience and potential to capture increased market share.

Quantum Computing Inc

Revised headline: Quantum Computing Inc Shows Significant Revenue Growth, Generating $0.12053 Million in the Latest Financial Period Ending March 31, 2023

The software and programming industry is one of the fastest-growing sectors in the technology world. With innovative advancements happening more frequently than ever before, companies in this area are constantly striving to stay competitive. One such company making headlines recently is Quantum Computing Inc, which is a firm specializing in quantum computing technologies.
In the most recent fiscal period, Quantum Computing Inc revealed $0.12053 million in revenue, a considerable improvement over the corresponding quarter a year ago. The company reported a net deficit of $-8.506 million, down from $-15.620 million in the previous period. While still a deficit, the smaller number indicates an improvement in the company's financial situation.






 

Quantum Computing Inc's Segments
 
 
• View Complete Report




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com