Quantum Computing (QUBT, Financial) has secured a subcontract valued up to $406,478. This agreement involves the creation of cutting-edge quantum computing methods to eliminate solar noise from space LIDAR data for NASA's Langley Research Center. The award came through Analytical Mechanics Associates, which serves as a primary contractor on the RSES IDIQ vehicle. The subcontract is based on time and materials, with the project slated to conclude by May 31, 2026.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Quantum Computing Inc (QUBT, Financial) is $14.00 with a high estimate of $14.00 and a low estimate of $14.00. The average target implies an upside of 102.60% from the current price of $6.91. More detailed estimate data can be found on the Quantum Computing Inc (QUBT) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Quantum Computing Inc's (QUBT, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Quantum Computing Inc (QUBT, Financial) in one year is $1.28, suggesting a downside of 81.48% from the current price of $6.91. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Quantum Computing Inc (QUBT) Summary page.
QUBT Key Business Developments
Release Date: March 20, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Quantum Computing Inc (QUBT, Financial) reported significant operational and financial progress in Q4 2024, positioning the company well for scaling and commercialization in 2025.
- The company expanded its partnership with NASA, securing multiple contracts that demonstrate the practical applications of its quantum technology.
- Quantum Computing Inc (QUBT) is in the final stages of commissioning its photonic chip foundry in Arizona, with production set to begin in early Q2 2025.
- The company's gross margin improved significantly to 55% in Q4 2024, up from 13% in the same quarter of the previous year.
- Quantum Computing Inc (QUBT) strengthened its balance sheet with a significant increase in cash and cash equivalents, bolstered by net proceeds from stock offerings.
Negative Points
- Q4 2024 revenues decreased to approximately $62,000 compared to $75,000 in the prior year quarter.
- Operating expenses increased to $8.9 million in Q4 2024, up from $6.6 million in the same quarter last year, driven by higher employee-based expenses and increased depreciation.
- The company reported a net loss attributable to common stockholders of $51.2 million, significantly higher than the $6.8 million loss in the prior year quarter.
- The higher net loss was primarily due to non-cash charges related to the mark-to-market of the company's warrant liability.
- There is a startup time expected for the photonic chip foundry to reach full operational efficiency, which may delay immediate revenue generation.
