Quantum Computing (QUBT) to Release Earnings on Monday

Quantum Computing (NASDAQ:QUBT – Get Free Report) is set to announce its quarterly earnings report before the market opens on Monday, March 31st. Analysts are predicting that the company will report earnings of ($0.05) per share along with revenue of $0.20 million for the latest quarter.

In its previous earnings release on March 20th, Quantum Computing reported an earnings per share (EPS) of ($0.47), falling short of the consensus estimate of ($0.05) by a margin of ($0.42). The revenue reported for that quarter was $0.06 million, significantly lower than the expected $0.20 million. Comparatively, the same period last year saw EPS of ($0.09).

Quantum Computing Stock Performance

On Friday, shares of QUBT opened at $8.45, representing a 6.4% increase. The stock has a 50-day moving average of $8.01 and a 200-day moving average of $6.59. Quantum Computing currently has a market capitalization of $1.16 billion and a price-to-earnings ratio of -29.14 based on its current financial performance. Over the past year, the stock has seen a low of $0.35 and a high of $27.15.

Recent Insider Activity

In related news, insider Yuping Huang sold 200,000 shares of Quantum Computing's stock on March 25th for an average price of $8.48, amounting to a total sale value of $1,696,000. As a result of this transaction, Huang’s holdings now consist of 24,051,256 shares worth approximately $203,954,650.88, reflecting a 0.82% reduction in their ownership. This transaction has been disclosed in a filing with the Securities & Exchange Commission, and corporate insiders collectively hold 31.10% of the company’s stock.

About Quantum Computing

Quantum Computing Inc is an integrated photonics firm that develops accessible and affordable quantum computing solutions. Their offerings include Dirac systems which are portable, low power, room-temperature quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging technologies. The company also manufactures the Quantum random number generator (uQRNG), a device designed to produce genuine random numbers derived from quantum processes, and provides quantum authentication solutions to eliminate vulnerabilities in traditional cryptography, integrating this technology into existing telecom and communication infrastructures.

Quantum, Computing, Earnings