Welcome to our dedicated page for Quantum Computing news (Ticker: QUBT), a resource for investors and traders seeking the latest updates and insights on Quantum Computing stock.
Quantum Computing Inc (NASDAQ: QUBT) delivers cutting-edge solutions at the intersection of quantum physics and artificial intelligence. This dedicated news hub provides investors and technology professionals with essential updates about the company's advancements in quantum optimization, photonic chip manufacturing, and cybersecurity innovations.
Access real-time announcements including earnings reports, product launches like the Dirac-3 system, and strategic collaborations with research institutions. Our curated collection ensures you stay informed about developments in quantum-enabled financial software, TFLN photonic components, and government-sector applications.
Key updates cover operational milestones, technology patents, and market expansion initiatives while adhering to financial disclosure standards. Bookmark this page for direct access to primary source materials that influence investment decisions and industry trends in quantum computing.
Quantum Computing Inc. (QUBT) has appointed Eric Schwartz to its Board of Directors, effective immediately. Schwartz brings two decades of experience in corporate finance, M&A, and corporate strategy. He currently serves as Managing Director at Castle Harlan, a New York-based private equity firm, overseeing investments in middle-market companies.
Schwartz's extensive board experience includes current positions at Sunless and Titan Production Equipment, along with previous roles at various Castle Harlan portfolio companies. He holds a B.S.E. in Biomedical and Electrical Engineering from Duke University and an M.B.A. from Stanford.
QCi CEO Dr. William McGann highlighted Schwartz's strategic insights and operational expertise as valuable assets for the company's growth plans, particularly as they bring their TFLN chip foundry online and work to build market acceptance for their quantum machines.
Quantum Computing Inc. (QUBT) reported its Q4 2024 financial results, showing revenues of $62,000 with a 55% gross margin, compared to $75,000 with 13% gross margin in Q4 2023. Operating expenses increased to $8.9 million from $6.6 million year-over-year. The company reported a net loss of $51.2 million, or $(0.47) per share.
Cash position strengthened significantly, with cash and equivalents increasing by $76.9 million to $78.9 million. The company raised $92.1 million through common stock offerings in Q4, with an additional $100 million offering announced subsequently.
Operationally, QCi secured its fifth task order with NASA for quantum remote sensing technology and is preparing to launch its Quantum Photonic Chip Foundry in early 2025. The foundry has received multiple purchase orders, and the company established partnerships with Spark Photonics Design and Alcyon Photonics.
Quantum Computing Inc (Nasdaq: QUBT), a leader in integrated photonics and quantum optics technology, has scheduled its Q4 and Full Year 2024 shareholder conference call for Thursday, March 20, 2025, at 4:30 p.m. Eastern Time. The financial results will be released after market close on the same day.
Shareholders can access the webcast through the company's website or directly via the provided webcast link. To join by phone, participants should dial (877) 545-0523 (US) or (973) 528-0016 (International) using access code: 605802.
The call replay will be available until April 3, 2025, accessible by dialing (877) 481-4010 (US) or (919) 882-2331 (International) with conference ID: 52052. QCi specializes in room-temperature, low-power quantum machines, focusing on high-performance computing, AI, cybersecurity, and remote sensing applications.
Quantum Computing Inc. (Nasdaq: QUBT), a leader in integrated photonics and quantum optics technology, has announced its participation in the 37th Annual ROTH Conference scheduled for March 16-18, 2025, in Dana Point, California.
CEO Dr. William McGann and CFO Chris Boehmler will be available for one-on-one meetings throughout the conference. The company specializes in developing room-temperature quantum machines with low power consumption at affordable costs.
QCi's core technology portfolio focuses on:
- High-performance computing
- Artificial intelligence
- Cybersecurity
- Remote sensing applications
Quantum Computing Inc. (QUBT) has secured its fifth purchase order for thin film lithium niobate (TFLN) photonic chip foundry services from a Canadian research group focused on quantum photonics. The order includes custom test structures for advanced designs like periodically poled lithium niobate components, with priority access and preferred rates for future multi-project wafer runs.
The company also announced the launch of its PIC Process Design Kit (PDK) on GDSFactory's open-source platform, enabling users to design and simulate circuits before manufacturing. QCi plans to expand PDK availability through additional service providers over the next two years and will showcase it at SPIE Photonics West 2025.
QCi's new U.S.-based chip foundry in Tempe, Arizona, focusing on TFLN-based PICs and nanophotonic devices, is expected to begin operations later this quarter. The company has already secured multiple pre-orders through its Pilot Launch Program, including collaborations with a European technical university and a Canadian PIC design house.
Quantum Computing Inc. (QUBT) has announced a strategic collaboration with Sanders Tri-Institutional Therapeutics Discovery Institute (Sanders TDI) to advance computational biomedicine research. Through this partnership, QCi will provide Sanders TDI with cloud-based access to its Dirac-3 Entropy Quantum Computing Machine, which operates at room temperature and low power.
Sanders TDI, a New York City-based non-profit drug discovery institute comprising Kettering Cancer Center, The Rockefeller University, and Memorial Sloan Weill Cornell Medicine, will utilize QCi's quantum computation technology for experimental work. The collaboration aims to advance computational chemistry research through quantum-enabled applications, focusing on biomolecular modeling and proof of concept calculations.
The partnership demonstrates QCi's commitment to making quantum machines accessible and affordable while showcasing real-world applications of quantum computing technology.
Quantum Computing Inc. (QUBT) has secured a private placement agreement with institutional investors for the sale of 8,163,266 common stock shares at $12.25 per share, expecting to generate $100 million in gross proceeds. The offering is scheduled to close around January 9, 2025.
This latest funding brings QCi's total capital raised since November to $190 million. The company plans to use the net proceeds for working capital and general corporate purposes, including advancing and expanding their development and manufacturing of photonics, thin-film lithium niobate (TFLN), and quantum technologies.
Titan Partners Group, a division of American Capital Partners, serves as the sole placement agent. The securities issued in this private placement are not registered under the Securities Act of 1933, and QCi has agreed to file a resale registration statement with the SEC.
Quantum Computing Inc. (QUBT) has secured its third and fourth purchase orders for its thin film lithium niobate (TFLN) photonic chip foundry. The orders come from a European technical university focusing on telecommunications applications and a Canadian photonic integrated circuit design house - their first non-research customer.
The company completed partial delivery of its first foundry customer's order in December 2024 to an Asian client. QCi's US-based semiconductor foundry in Tempe, Arizona, is scheduled for full-scale production in Q1 2025, focusing on high-performance photonic chips and TFLN devices.
The Canadian PIC design company's order includes custom TFLN PIC chip development with expected delivery in Q2 2025, and priority access to a multi-project wafer run planned for H2 2025. QCi plans to showcase its foundry services at SPIE Photonics West 2025 in San Francisco.
Quantum Computing Inc. (QUBT) has secured a prime contract from NASA's Goddard Space Flight Center to apply its Dirac-3 entropy quantum optimization machine for phase unwrapping in interferometric data processing. The project aims to enhance NASA's imaging reconstruction and data processing capabilities using QCi's quantum optimization technology.
The contract focuses on utilizing Dirac-3 to solve complex phase unwrapping problems in radar-generated interferometric data, with the goal of improving solution quality and computational speed compared to classical computing methods. If successful, the project could yield long-term benefits for NASA's big-data processing capabilities and potentially expand to other applications where quantum solutions offer advantages.
Quantum Computing Inc. (QUBT) has announced two concurrent stock offerings totaling $50 million. The company is selling 1,540,000 shares through a registered direct offering and 8,460,000 shares through a private placement, both priced at $5.00 per share. The offerings are expected to close around December 12, 2024.
The proceeds will be used for working capital and general corporate purposes, including the development of quantum technologies and the buildout of their TFLN Photonic Chip Foundry in Tempe, Arizona, which is scheduled for completion in Q1 2025. Titan Partners Group is acting as the sole placement agent for these offerings.
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