Quantum Computing Inc (NASDAQ:QUBT) shares are trading lower by 0.6% to $7.34 during Friday's session after the company on Thursday reported fourth-quarter results.
What Happened: The company reported revenue of $62,000, missing estimates of $200,000, while posting a larger-than-expected loss of 47 cents per share versus the anticipated five-cent loss.
Operating expenses rose to $8.9 million from $6.6 million a year ago, though the company ended the quarter with $78.9 million in cash. CEO William McGann emphasized progress in strengthening the financial position to support quantum solutions and foundry services.
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McGann also pointed to collaborations with NASA as validation of the Dirac-3 quantum optimization machine's real-world applications.
What Else: Moving forward, QCi aims to execute its growth strategy, expand industry partnerships and advance next-generation photonic and quantum technologies.
The company also remains on track to launch its Quantum Photonic Chip Foundry in early 2025 and has already secured multiple purchase orders, reinforcing its commercialization efforts.
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How To Buy QUBT Stock
By now you're likely curious about how to participate in the market for Quantum Computing – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
In the case of Quantum Computing, which is trading at $7.39 as of publishing time, $100 would buy you 13.53 shares of stock.
According to data from Benzinga Pro, QUBT has a 52-week high of $27.15 and a 52-week low of $0.35.
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