QUBT - Quantum Computing GAAP EPS of -$0.69 beats by $0.07 revenue of $0.13M misses by $0.07M
2023-03-29 16:52:29 ET
- Quantum Computing press release ( NASDAQ: QUBT ): FY GAAP EPS of -$0.69 beats by $0.07 .
- Revenue of $0.13M misses by $0.07M .
- Net loss for full year 2022 was $38.6 million, an increase of 38% year-over-year, which included $16.0 million in non-recurring merger-related operating expenses and $2.0 million of interest and financing costs, offset by decreases of $10.7 million
- Total Assets on December 31, 2022 were $89.3 million, an increase of approximately $72 million over the prior year due primarily to Goodwill and Intangibles, including IP, from the QPhoton merger.
- Cash at year-end 2022 totaled approximately $5.3 million. As of March 27, 2023, the Company's current cash totals $7.5 million.
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Quantum Computing GAAP EPS of -$0.69 beats by $0.07, revenue of $0.13M misses by $0.07M