Quantum Computing Inc (NAS:QUBT)

Q4 2024 Quantum Computing Inc Earnings Call Transcript

Mar 20, 2025 / 08:30 PM GMT

Release Date Price: $7.39 (-11.71%)

Transcript 10-K

Key Points

Positve

Quantum Computing Inc (QUBT) 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

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.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

QUBT.OQ - Quantum Computing Inc
Q4 2024 Quantum Computing Inc Earnings Call
Mar 20, 2025 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings. Welcome to the Quantum Computing Inc. 4th quarter 2024 shareholder update conference call. At this time, all participants are on a listen-only mode. A question and answer session will follow the formal presentation.

If anyone should require operator assistance during the conference, please press 0 on your telephone keypad.

Please note this conference is being recorded. I will now turn the conference over to your host, Rosalind Christian. You may begin.

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Unidentified_2 [2]
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Thank you, and I want to welcome everyone to the

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