Release Date: August 14, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

  • Quantum Computing Inc (NASDAQ:QUBT) is seeing growing validation of its technologies through customer orders across both quantum systems and photonic chip foundry.

  • The company secured an order for its quantum photonic vibrometer from a top technical research institute in the Netherlands, supporting advanced work in non-destructive testing and structural health monitoring.

  • Quantum Computing Inc (NASDAQ:QUBT) shipped its first commercial entangled photon source to a leading research institution in South Korea, marking a step in commercial deployment of quantum networking technologies.

  • The company was awarded a subcontract valued at over $400,000 to support NASA’s Langley Research Center, highlighting the real-world value of its quantum systems for scientific applications.

  • Quantum Computing Inc (NASDAQ:QUBT) strengthened its capital position with a $200 million financing, ending the second quarter with $349 million in cash and equivalents, enabling strategic investments in key growth areas.

  • Revenue for the second quarter was approximately $61,000, a significant decrease from $183,000 in the prior year second quarter.

  • The company reported a net loss attributable to common stockholders of $36 million for the second quarter, compared to a net loss of $5 million in the second quarter of 2024.

  • Operating expenses for the second quarter totaled $10.2 million, nearly doubling from $5.3 million in the same quarter last year, driven primarily by employee-based expenses.

  • The increase in net loss was primarily due to a $28 million non-cash loss on the value of the company’s warrant-related derivative liability.

  • Gross margin, although increased to 43% from 32% in the second quarter of 2024, continues to be variable at the current revenue level.

Q: What are the most important milestones Quantum Computing Inc. aims to achieve over the next 1 to 3 years? A: Dr. Yu Ping Huang, Interim CEO and Chairman, stated that the focus will be on integrating quantum machines with nanophotonic chips. This integration is expected to significantly reduce the size, weight, power, and cost of quantum machines while boosting performance. Additionally, the foundry will support further development and offer services to others, with pre-orders already received.

Q: With a larger balance sheet, does Quantum Computing Inc. plan to accelerate spending or pursue mergers and acquisitions? A: Chris Roberts, CFO, mentioned that the company is hiring additional engineers and sales staff to accelerate technology development. While there are no current announcements regarding acquisitions, the company is exploring strategic opportunities to enhance its technology roadmap and revenue generation.

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Q: How does Quantum Computing Inc. plan to utilize its foundry in the future? A: Dr. Yu Ping Huang explained that the foundry will not only support the development of quantum machines but also offer services to other companies. This is expected to be a significant growth area over the next two years, with pre-orders and orders already in place.

Q: What is the current financial position of Quantum Computing Inc.? A: Chris Roberts reported that the company closed a $200 million financing in June, ending the second quarter with $349 million in cash and equivalents. This strong capital position allows for strategic investments in key growth areas, including the quantum machine program and the thin film lithium niobate chip foundry initiatives.

Q: What are the recent commercial achievements of Quantum Computing Inc.? A: Dr. Yu Ping Huang highlighted several achievements, including securing an order for a quantum photonic vibrometer from a top technical research institute in the Netherlands and shipping the first commercial entangled photon source to a research institution in South Korea. Additionally, a major global automotive manufacturer purchased an immuno reservoir computing system, and a top five US bank ordered the Qantas cybersecurity solution.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

This article first appeared on GuruFocus.