QUBT - Quantum Computing GAAP EPS of -$0.11 misses by $0.01 revenue of $121M

2023-05-11 17:28:22 ET

• Quantum Computing press release ( NASDAQ: QUBT ): Q1 GAAP EPS of -$0.11 misses by $0.01 .
• Revenue of $121M (+290.3% Y/Y).
• Total Assets: During the first quarter total assets increased $227,000 (0.25%) to $89.5 million as compared with year end at on December 31, 2022.
• Cash increased $1.5 million during first quarter 2023 to approximately $6.8 million.
• Total Liabilities: For the first three months of 2023, total liabilities decreased $1.8 million to approximately $12.6 million as the Company began repayment of its debt and associated interest as well as satisfied final expenses related to the QPhoton merger.
• Shareholders' Equity:  During the three months of the quarter, shareholder equity increased $2.0 million (2.7%) to $76.9 million.
• Capitalization: As of March 31, 2023, QCI had approximately 60.5 million shares of common stock outstanding, an increase of approximately 4.5 million shares from year-end 2022.

For further details see: