Quantum Computing Third Quarter 2023 Earnings: Misses Expectations

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.

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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