Quantum Computing (NASDAQ:QUBT) Issues Quarterly Earnings Results

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

Quantum Computing Price Performance

Shares of NASDAQ:QUBT opened at $0.70 on Friday. The company has a market capitalization of $63.90 million, a P/E ratio of -2.26 and a beta of 1.73. Quantum Computing has a 1-year low of $0.35 and a 1-year high of $1.32. The firm’s 50 day simple moving average is $0.65 and its two-hundred day simple 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.