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Quantum Computing Inc Stock News
$10.68
7.61%
today
Nasdaq,
Nov 20, 08:50 pm CET
Why the stock moved Beta
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Quantum Computing Inc. uses photonic qubits and generated $384,000 in third-quarter sales. Rigetti employs superconducting qubits, and the company produced $1.9 million in Q3 revenue.
Quantum Computing Inc. uses photons to power its computers, which possess many advantages. The company's sales are growing as third-quarter revenue more than tripled over the previous year.
Quantum Computing reported major year-over-year sales growth during its latest quarter. The Federal Reserve has more data ahead of its December meeting that points to a weak job market.
Quantum Computing has ready-to-use products and research-and-development offerings. QCI achieved its first U.S. commercial sale for its quantum cybersecurity solutions in the third quarter (Q3).
Quantum Computing has advanced technology, a unique foundry, and impressive customers, including NASA. But the company barely has any sales, and costs are rising.
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