Quantum Computing (NASDAQ:QUBT) Releases Quarterly Earnings Results, Misses Expectations By $0.42 EPS

Quantum Computing (NASDAQ:QUBT) posted its quarterly earnings data on Thursday. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.42), RTT News reports. The firm had revenue of $0.06 million for the quarter, compared to the consensus estimate of $0.20 million. During the same period in the previous year, the business posted ($0.09) EPS.

Quantum Computing Stock Performance

Quantum Computing stock opened at $7.39 on Friday. The firm’s fifty day moving average price is $8.10 and its two-hundred day moving average price is $6.33. Quantum Computing has a 1-year low of $0.35 and a 1-year high of $27.15. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -25.48 and a beta of 3.26.

About Quantum Computing

Quantum Computing Inc, an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure.