Quantum Computing (NASDAQ:QUBT) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Quantum Computing (NASDAQ:QUBT) released its quarterly earnings results on Wednesday. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02, Yahoo Finance reports. The business had revenue of $0.18 million for the quarter.

Quantum Computing Stock Performance

Shares of QUBT stock opened at $0.66 on Thursday. Quantum Computing has a 52 week low of $0.35 and a 52 week high of $1.32. The stock has a market capitalization of $60.31 million, a PE ratio of -2.13 and a beta of 1.73. The stock’s fifty day moving average is $0.65 and its 200-day moving average is $0.72.

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.