$QUBT (-9.6% pre) A Quantum Firm Just Reported Quarterly Results. Revenue Came to $62,000. https://t.co/TW1TdkziBs
More $QUBT highlights: - lost $51.2 million last quarter alone, up almost 8x y-o-y. - raised $92.1m in Q4 and another $100m after quarter closed. Yes, selling stock is their real business. - Accumulated deficit now exceeds $200m - But don't worry they "remain on track to https://t.co/rBVyBztops
$QUBT nice revenue $62,000 usd 🤣 https://t.co/B8TItLnWl0

Quantum Computing Inc. ($QUBT) reported its fourth-quarter earnings, posting an earnings per share (EPS) of -$0.47 compared to -$0.09 in the same quarter last year. The company's revenue for the quarter was $62,000, a decrease from $75,000 year-over-year. Additionally, Quantum Computing Inc. incurred a loss of $51.2 million in the last quarter, marking an increase of nearly eight times year-over-year. The firm raised $92.1 million in Q4 and secured another $100 million after the quarter ended. The accumulated deficit for the company now exceeds $200 million. The stock's 30-day implied volatility stands at 162, within a 52-week range of 20 to 333. Following the earnings report, the stock experienced a pre-market decline of 9.6%.