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Quantum Computing Inc   (QUBT)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Quantum Computing Inc 's

Competitiveness


 

QUBT Sales vs. its Competitors Q3 2023



Comparing the current results to its competitors, Quantum Computing Inc reported Revenue increase in the 3 quarter 2023 by 33.97 % year on year.
The sales growth was above Quantum Computing Inc 's competitors' average revenue growth of 9.23 %, achieved in the same quarter.

List of QUBT Competitors





Revenue Growth Comparisons




Net Income Comparison


Quantum Computing Inc , despite income growth by most of its competitors recorded a net loss, despite income increase by most of its competitors of 86.85 %

<<  QUBT Stock Performance Comparisons


Quantum Computing Inc 's Comment on Competitors and Industry Peers


The Quantum Computing Industry is new and rapidly developing, and as such, is and will remain dynamic and extremely competitive for the foreseeable future. As this industry continues to grow and mature, we expect a steady influx of new products, hardware advances, and new concepts to emerge that can dramatically transform the industry and our business. One such example would be a practical application of ?quantum supremacy?, which we expect to radically accelerate the interest and entry in the quantum computing industry. We perform a broad range of research and development efforts to identify and position for the changing demands of future customers and users, industry trends, and competitive forces.
Based on our internal research and knowledge, there are over 130 companies and research universities who are known to be engaged in research and development relating to quantum computing. These entities range in size from diversified global companies with significant research and development resources such as Google, Honeywell and IBM to smaller privately funded startups whose narrower product focuses may let them be more effective in deploying resources towards a specific industry demand. Our business objectives and near term strategy put us in direct competition with existing software vendors for high performance computing, who may not be operating in the quantum computing ecosystem.
We believe competition in this market segment will intensify. Many of our competitors may have longer operating histories, significantly greater financial, technical, product development and marketing resources, and greater name recognition. Our competitors could use these resources to market or develop products or services that are more effective or less costly than any or all of our products or services.
The software segment of the quantum computing ecosystem is still in its infancy, and to our knowledge a market-dominant entity has not yet been established. Due to the high price point of quantum computing hardware, novel business models may emerge to adapt to consumer preferences in the high-performance computing industry. Our ability to evolve and adapt rapidly over an extended period of time will be critical in remaining competitive.



  

Overall company Market Share Q3 2023

Due to strong revenue growth of 33.97 % in Overall company Quantum Computing Inc improved its market share, to approximately 0 %.


<<  More on QUBT Market Share.
 
*Market share is calculated based on total revenue.





Who are Quantum Computing Inc 's Competitors?




Alphabet Inc
Share Performance



+39.98%
One Year



Alphabet Inc
Profile

Alphabet Inc's business model is focused on the development and monetization of internet-based products and services. They generate revenue primarily through advertising, technology sales, and licensing fees. Their diverse portfolio of offerings spans technology, search engines, online advertising platforms, cloud computing services, and various other digital initiatives.

More about Alphabet Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,702,310.694 mill. $ 307,394.000 mill. $ 73,795.000 mill.


Honeywell International Inc
Share Performance



+0.56%
Over The Past 5 Days



Honeywell International Inc
Profile

Honeywell International Inc operates as a diversified technology and manufacturing company. Through its various business segments, it designs, produces, and sells a wide range of products and solutions across industries such as aerospace, building technologies, performance materials, and safety and productivity solutions. The company focuses on delivering innovative solutions to its customers, providing long-term value, and driving sustainable growth.

More about Honeywell International Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 133,119.981 mill. $ 36,662.000 mill. $ 5,672.000 mill.


International Business Machines Corporation
Share Performance



+48.26%
One Year



International Business Machines Corporation
Profile

IBM's business model is based on providing a wide range of technology products and services to businesses worldwide. They offer solutions in areas such as software, hardware, cloud computing, artificial intelligence, and consulting services. IBM aims to help organizations improve efficiency, innovate, and achieve their digital transformation goals.

More about International Business Machines Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 177,891.405 mill. $ 61,860.000 mill. $ 7,502.000 mill.



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