Overview
- Q3 revenue totaled $384,000, underscoring limited commercial traction.
- The company posted a $10.5 million operating loss in the quarter.
- Reported earnings of $0.01 per share were driven largely by a $9.2 million mark-to-market derivative adjustment.
- Shares have risen 526% over three years despite negligible sales, according to the analysis.
- Google CEO Sundar Pichai has said practically useful quantum computers are five to 10 years away, highlighting the sector’s timeline.