New Risk • May 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.9m free cash flow). Earnings have declined by 55% per year over the past 5 years. Shareholders have been substantially diluted in the past year (99% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$26.7m market cap, or US$19.4m). Announcement • Jan 23
Superq Quantum Computing Inc Appoints Brian Beveridge as Director of Post-Quantum Cybersecurity and Partnerships SuperQ Quantum Computing Inc. has appointed Brian Beveridge to the strategic dual role of Director of Post-Quantum Cybersecurity and Partnerships. Mr. Beveridge joins SuperQ following a distinguished career as a Partner at MNP, one of Canada's largest national accounting, tax, and business consulting firms. With over 30 years of experience in cybersecurity strategy, digital transformation, and enterprise risk management, Mr. Beveridge is a recognized expert in navigating the complexities of the modern threat landscape. His appointment significantly strengthens SuperQ's leadership as the Company accelerates the commercialization of its SuperPQCsuite as part of the Super platform. In his new role, Mr. Beveridge will spearhead SuperQ's strategic initiatives in Post-Quantum Cryptography (PQC), focusing on building high-value partnerships and helping global enterprises mitigate the "Harvest Now, Decrypt Later" (HNDL) threat. He will lead the deployment of SuperQ's end-to-end security stack, which enables organizations to transition seamlessly from quantum vulnerability to quantum-ready defense. His focus will be on technology commercialization, ensuring that Managed Security Service Providers (MSSPs) and digital advisory firms have access to SuperQ's diagnostic and defense tools, partner solutions, and quantum expertise to fortify their clients' critical networks and data infrastructure. Throughout his career, Mr. Beveridge has been instrumental in advising C-suite executives on resilience and digital trust. His appointment reflects SuperQ's strategic focus on the software and accessibility layer of the quantum stack—the segment of the industry where shareholder value is most rapidly realized. Announcement • Jan 09
SuperQ Quantum Files Provisional Patent for ChatQLM Multi-Backend Orchestration Breakthrough Consumer App for Quantum and Supercomputing SuperQ Quantum Computing Inc. announced at the Consumer Electronics Show (CES) that it has filed a provisional utility patent for the orchestration and routing technology called Quantum Leveraged Model (QLM) powering ChatQLMTM, the world's first quantum-powered consumer application. This new filing secures the proprietary intellectual property behind the application's ability to operate as a hardware-agnostic gateway. While the company's foundational patents filed in September 2025 protected the general methods of hybrid classical-quantum modeling, this new patent focuses on the application-layer intelligence that dynamically routes user queries to the most efficient backend available, specifically optimized for classical LLMs, optimization solvers, quantum annealing (via D-Wave) and trapped-ion gate-based systems (via IonQ). ChatQLM represents a major evolution in quantum accessibility. The application utilizes a proprietary Quantum Leveraged Model (QLM) to parse natural language prompts and determine, in real-time, which classical-quantum modality is required to solve the problem: D-Wave Routing: Targeted for high-scale combinatorial optimization, such as logistics, supply chain, and financial portfolio balancing. IonQ Routing: Leveraged for high-fidelity algorithmic tasks, including generative AI, molecular simulations, and complex decision-tree analysis. LLM Routing: For qualitative analysis, content parsing and data retrieval. Optimization Solver Routing: Targeted for most everyday combinatorial and continuous optimization problems. 
