Overview
- Q3 revenue came in at $384,000 and EPS was $0.01 versus an expected $0.06 loss, with results boosted by a roughly $332,000 purchase order from a top‑five U.S. bank for quantum cybersecurity.
- The company ended the quarter with $352 million in cash and $461 million in investments, then raised another $750 million post‑quarter, taking liquid assets to over $1.5 billion.
- QCi said it will unveil its Neurawave photonics‑based reservoir computing system and provide on‑cloud demonstrations of its Dirac‑3 quantum computer at SuperCompute25 in St. Louis this week.
- Shares jumped in early trading following the report and announcements, though the stock remains down roughly 36%–39% for the year despite recent gains.
- Analyst sentiment is cautious, with a Zacks Rank #3 (Hold), a Lake Street price target cut to $16, and consensus projecting a roughly $0.05 per‑share loss on about $0.2 million in next‑quarter revenue.