Quantum Computing (NASDAQ:QUBT) Issues Quarterly Earnings Results

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

Quantum Computing Stock Performance

NASDAQ QUBT opened at $7.39 on Friday. The business’s fifty day moving average is $8.13 and its 200 day moving average is $6.28. Quantum Computing has a fifty-two week low of $0.35 and a fifty-two week high of $27.15. The company has a market capitalization of $1.01 billion, a PE ratio of -25.48 and a beta of 3.26.

About Quantum Computing

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.