Financial Snapshot

Revenue
$386.2K
TTM
Gross Margin
24.05%
TTM
Net Earnings
-$26.08M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
160.92%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$65.90M
Q3 2024
Cash
Q3 2024
P/E
-31.77
Nov 29, 2024 EST
Free Cash Flow
-$21.46M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $358.1K $135.6K $0.00 $0.00 $0.00 $0.00
YoY Change 163.96%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $358.1K $135.6K $0.00 $0.00 $0.00 $0.00
Cost Of Revenue $195.6K $60.93K $0.00 $0.00 $0.00
Gross Profit $162.4K $74.71K $0.00 $0.00 $0.00
Gross Profit Margin 45.36% 55.08%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017
Selling, General & Admin $20.94M $8.726M $14.54M $15.80M $1.657M $5.548M $175.0K
YoY Change 139.93% -40.0% -7.97% 854.01% -70.14% 3070.46%
% of Gross Profit 12890.82% 11679.06%
Research & Development $6.448M $4.562M $2.586M $1.540M $891.1K $250.6K $0.00
YoY Change 41.34% 76.42% 67.96% 72.76% 255.54%
% of Gross Profit 3970.01% 6105.67%
Depreciation & Amortization $1.958M $3.301M $9.000K $6.610K $2.640K $120.00 $0.00
YoY Change -40.69% 36574.22% 36.16% 150.38% 2100.0%
% of Gross Profit 1205.45% 4417.75%
Operating Expenses $27.38M $36.65M $17.13M $17.34M $2.548M $5.799M $175.0K
YoY Change -25.29% 113.97% -1.23% 580.75% -56.07% 3213.69%
Operating Profit -$27.22M -$36.58M -$17.13M -$17.34M -$5.799M -$175.0K
YoY Change -25.58% 113.54% -1.23% 3213.69%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017
Interest Expense -$1.648M -$1.125M -$153.9K -$4.928M -$1.123M -$87.31K
YoY Change 46.5% 631.23% -96.88% 338.74% 1186.35%
% of Operating Profit
Other Income/Expense, Net -$861.1K -$2.014M -$10.61M -$2.889M -$4.710M -$3.996M $0.00
YoY Change -57.25% -81.02% 267.46% -38.67% 17.89%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017
Pretax Income -$29.73M -$38.59M -$27.90M -$24.73M -$8.381M -$10.51M -$175.0K
YoY Change -22.96% 38.33% 12.79% 195.12% -20.23% 5904.05%
Income Tax $0.00 $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$29.73M -$38.59M -$27.90M -$24.73M -$8.381M -$10.51M -$175.0K
YoY Change -22.96% 38.33% 12.79% 195.12% -20.23% 5904.05%
Net Earnings / Revenue -8303.5% -28451.36%
Basic Earnings Per Share -$0.38 -$0.69 -$0.96
Diluted Earnings Per Share -$0.38 -$0.69 -$956.9K -$884.4K -$1.138M -$2.224M -$29.57K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017
Cash & Short-Term Investments $2.059M $5.308M $16.74M $15.20M $101.1K $1.767M $0.00
YoY Change -61.21% -68.29% 10.15% 14930.98% -94.28%
Cash & Equivalents $2.059M $5.308M $16.74M $15.20M $101.1K $1.767M $0.00
Short-Term Investments
Other Short-Term Assets $427.6K $1.654M $504.2K $40.77K $21.55K $23.18K $0.00
YoY Change -74.16% 228.13% 1136.67% 89.19% -7.03%
Inventory $72.65K
Prepaid Expenses
Receivables $622.2K $12.77K
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.182M $6.976M $17.24M $15.24M $122.7K $1.790M $0.00
YoY Change -54.39% -59.54% 13.16% 12323.24% -93.15%
Property, Plant & Equipment $3.670M $975.2K $41.35K $30.96K $25.60K $6.900K $0.00
YoY Change 276.3% 2258.33% 33.56% 20.94% 271.01%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $129.1K
YoY Change
Total Long-Term Assets $75.55M $82.32M $41.35K $30.95K $25.60K $6.900K $0.00
YoY Change -8.23% 198992.31% 33.6% 20.9% 271.01%
Total Assets $78.73M $89.30M $17.28M $15.27M $148.3K $1.797M $0.00
YoY Change
Accounts Payable $1.462M $871.9K $464.9K $366.7K $218.3K $54.02K $1.500K
YoY Change 67.63% 87.56% 26.77% 68.02% 304.04% 3501.33%
Accrued Expenses $195.9K $4.918M $496.6K $108.1K $152.6K $89.58K $0.00
YoY Change -96.02% 890.34% 359.25% -29.12% 70.29%
Deferred Revenue
YoY Change
Short-Term Debt $2.496M $535.7K $0.00 $218.4K $1.609M $3.171M $0.00
YoY Change 366.04% -100.0% -86.43% -49.25%
Long-Term Debt Due $1.925M
YoY Change
Total Short-Term Liabilities $4.620M $6.545M $1.082M $693.2K $2.961M $3.314M $1.500K
YoY Change -29.42% 504.76% 56.13% -76.59% -10.67% 220840.0%
Long-Term Debt $0.00 $7.633M $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $840.1K $225.3K $0.00
YoY Change 272.91%
Total Long-Term Liabilities $840.1K $7.858M $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -89.31%
Total Liabilities $5.460M $14.40M $1.082M $693.2K $2.961M $3.314M $1.500K
YoY Change -62.09% 1230.83% 56.13% -76.59% -10.67% 220840.0%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017
Basic Shares Outstanding 77.45M shares 55.96M shares 29.16M shares
Diluted Shares Outstanding 95.90M shares 55.96M shares 29.16M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $828.7 Million

About Quantum Computing Inc.

Quantum Computing, Inc. engages in developing novel algorithms and solutions utilizing quantum and quantum-inspired computing to solve difficult problems in various industries. The company is headquartered in Hoboken, New Jersey and currently employs 39 full-time employees. The company went IPO on 2018-02-01. The firm provides accessible solutions with real-world industrial applications, using nanophotonic-based quantum entropy that can be used anywhere and with little to no training, operates at normal room temperatures, low power and is not burdened with environmental requirements. Its core nanophotonic-based technology is applicable to both quantum computing as well as quantum intelligence, cybersecurity, sensing and imaging solutions. The Company’s core entropy computing capability, the Dirac series, delivers solutions for both binary and integer-based optimization problems. The firm has developed specific quantum applications for artificial intelligence, cybersecurity and remote sensing, including its reservoir photonic computer series (intelligence), reprogrammable and non-repeatable quantum random number generator (cybersecurity) and LiDAR and Vibrometer (sensing) products.

Industry: Services-Prepackaged Software Peers: AUDIOEYE INC Bit Digital, Inc ISSUER DIRECT CORP Kaleyra, Inc. Greenidge Generation Holdings Inc. Phunware, Inc. VirnetX Holding Corp Salesforce, Inc. SYNCHRONOSS TECHNOLOGIES INC