Quantum Computing (NASDAQ:QUBT) Issues Quarterly Earnings Results

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

Quantum Computing Price Performance

Shares of QUBT stock opened at $7.39 on Friday. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -25.48 and a beta of 3.26. Quantum Computing has a one year low of $0.35 and a one year high of $27.15. The company’s fifty day moving average price is $8.13 and its 200-day moving average price is $6.28.

Quantum Computing Company Profile

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.