Quantum Computing Third Quarter 2023 Earnings: Misses Expectations

Simply Wall St

November 16, 2023

Quantum Computing (NASDAQ:QUBT) Third Quarter 2023 Results

Key Financial Results

Net loss: US$8.28m (loss widened by 9.3% from 3Q 2022).
US$0.11 loss per share.

earnings-and-revenue-history — NasdaqCM:QUBT Earnings and Revenue History November 16th 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 75%. Earnings per share (EPS) also missed analyst estimates by 10.0%.

Looking ahead, revenue is forecast to grow 161% 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 shares are up 5.1% from a week ago.

Risk Analysis

Before you take the next step you should know about the 6 warning signs for Quantum Computing (2 shouldn't be ignored!) that we have uncovered.

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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.