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Quantum Computing Full Year 2024 Earnings: Misses Expectations
Quantum Computing (NASDAQ:QUBT) Full Year 2024 Results
Key Financial Results
- Net loss: US$68.5m (loss widened by 146% from FY 2023).
- US$0.73 loss per share (further deteriorated from US$0.42 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Quantum Computing Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 192%.
The company's shares are up 4.2% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 5 warning signs for Quantum Computing (4 can't be ignored!) that you should be aware of.
Valuation is complex, but we're here to simplify it.
Discover if Quantum Computing might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqCM:QUBT
Quantum Computing
An integrated photonics company, provides quantum machines to commercial and government markets in the United States.
Flawless balance sheet with slight risk.
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Trending Discussion
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Kalibrator on Ubisoft Entertainment ·
As a gamer, I would not touch this company now. They are hated by the community and have been releasing major flops on their AAA games during the last 5 years (for good reasons). It is true that the valuation is ridiculously low compared to what the licenses are worth, but if the trend continues the value of those will also decline. Management needs to almost make a 180° turnaround to get things right. I agree that a take-private deal before it is too late might be the best option for an investor entering today. We might also see a split sales of the different studios. It is a very risky play, but potentially with high reward.
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