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. reports developments tied to quantum optics, integrated photonics and thin-film lithium niobate photonic-chip manufacturing. The company provides quantum machines and TFLN foundry services, with a portfolio that spans photonics components, subsystems and full-stack systems for high-performance computing, artificial intelligence, cybersecurity and remote sensing applications.
Recurring QUBT news includes product and platform updates such as NeuraWave for photonic AI inference and Dirac-3 quantum optimization hardware, customer-access and network deployments, quantum-secured communications demonstrations, acquisition integration, conference participation, shareholder calls and operating and financial results.
Quantum Computing Inc. (NASDAQ: QUBT) has announced key executive promotions to support its growth strategy. Dr. Milan Begliarbekov, former Director of Quantum Foundry, has been promoted to Chief Operating Officer, while Dr. Pouya Dianat has been elevated to Chief Revenue Officer. These appointments follow significant milestones, including the completion of QCi's quantum photonic chip foundry in Tempe, Arizona in March 2025 and successful pilot chip sales.
Dr. Begliarbekov brings 13+ years of experience in nanofabrication and will oversee daily operations, manufacturing efficiency, and production scaling. Dr. Dianat, with over a decade of experience in commercializing photonic technologies, will lead global commercial strategy and revenue expansion. The company's new foundry, which received ISO certification ahead of schedule, positions QCi to meet growing global demand for TFLN (thin-film lithium niobate) photonic chips.
Quantum Computing Inc. (NASDAQ: QUBT) has announced its upcoming first quarter 2025 earnings conference call and webcast, scheduled for Thursday, May 15, 2025, at 4:30 p.m. Eastern Time. The company will release its Q1 2025 financial results after market close on the same day.
Shareholders can access the webcast through QCi's Investor Relations page or via a direct webcast link. To join by phone, participants should dial (888) 506-0062 (US) or (973) 528-0011 (International) using access code 832763. A replay will be available until May 29, 2025, accessible by dialing (877) 481-4010 (US) or (919) 882-2331 (International) with conference ID 52325.
Quantum Computing (QUBT) has secured a $406,478 subcontract to support NASA's Langley Research Center in developing quantum computing solutions for space LIDAR data analysis. The contract, awarded through Analytical Mechanics Associates, runs until May 31, 2026.
Using their Dirac-3 quantum computer, QCi will work on removing sunlight noise from space LIDAR data, addressing a major challenge in NASA's daytime atmospheric sensing and Earth observation missions. The current solutions require large, power-hungry hardware that increases mission costs. QCi's quantum-based approach aims to improve signal-to-noise ratio without adding physical payload.
The project will focus on enhancing data processing for NASA's CALIPSO and ICESat-2 satellites. If successful, this quantum solution could enable NASA to achieve desired performance with smaller telescopes and lower-power lasers, potentially reducing costs for future LIDAR missions.
Quantum Computing Inc. (QUBT) has announced the sale and delivery of an EmuCore reservoir computer to a major automotive manufacturer for research and development purposes. The EmuCore device, built on a field-programmable gate array (FPGA), offers machine learning capabilities for time series prediction and image recognition in a fast, affordable, and energy-efficient manner.
The implementation serves as a validation platform for customers evaluating applications for QCi's upcoming PCIe-based photonic reservoir computing units, which are expected to deliver enhanced performance per watt for AI and sensor-rich environments. The technology shows promise for AI model training, offering advantages in power consumption and processing time for edge computing applications.
Quantum Computing Inc. (QUBT) announced that CEO and President Dr. William McGann, 67, will retire effective May 12, 2025. The Board has appointed Dr. Yuping Huang as Interim CEO and President while initiating an executive search process.
Dr. McGann, who joined QCi's board in September 2021 and became CEO in February 2024, led key initiatives including the launch of the Dirac-3 quantum optimization machine and the development of the company's chip foundry. Dr. Huang, currently Chairman of the Board and Chief Quantum Officer, brings over 20 years of experience in quantum and optics technology.
Dr. Huang founded QPhoton Inc. (acquired by QCi in June 2022) and serves as the founding director of the Center for Quantum Science and Engineering at Stevens Institute of Technology. He has managed quantum research initiatives worth over $40 million from various government agencies and private sector partners.
Quantum Computing Inc. (QUBT) has secured its second purchase order for LiDAR-based R&D equipment from Delft University of Technology in the Netherlands. The order is for a Quantum Photonic Vibrometer (QPV), designed for sensing applications in challenging environments.
The QPV operates at eye-safe wavelength and can characterize vibrational spectra with amplitude as low as 110 nanometers, using advanced photon-counting capabilities for contactless measurements. Assistant Professor Vahid Yaghoubi will lead the benchmarking of QPV against classical vibrometers.
This follows a previous order from Johns Hopkins University for QCi's Scanning LiDAR technology. The collaboration includes planned research publications and testing, with Associate Professor Nathan Eskue from TU Delft visiting QCi's headquarters for training and deployment.
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.