Quantum Computing Q3 swings to net loss on higher expenses and acquisitions
QUBT•Quantum Computing reported Q3 revenue of $9.50 million, above the $7.21 million analyst estimate, and a net loss of $15.15 million as operating expenses rose to $29.01 million.
1. Q3 results
Quantum Computing said revenue growth was primarily driven by recently acquired LSI, NuCrypt and NHanced businesses. Higher operating expenses reflected increased personnel costs, research and development, sales and marketing, and acquisition-related expenses. The company did not provide specific financial guidance for current or future periods.
