Overview
- Q3 revenue came in at $384,000, roughly 280% higher year over year and above estimates, driven largely by a ~$332,000 order from a top‑five U.S. bank and initial cloud revenue from the Dirac‑3 system.
- The company reports liquid resources exceeding $1.5 billion after ending the quarter with $352.4 million in cash and completing a subsequent $750 million raise, with plans to scale manufacturing toward volume production by decade’s end.
- QCi is unveiling its Neurawave photonic reservoir computing system and offering cloud demonstrations of Dirac‑3 at the SuperCompute25 conference in St. Louis from Nov. 18–20.
- Earnings coverage is inconsistent, with some outlets citing positive EPS of $0.01 and others a $0.05 loss for the quarter, leaving the per‑share figure disputed.
- Shares rose by double digits in premarket and early trading on the results and product news, though the stock remains highly volatile and has been reported as down materially year to date.