Quantum Computing (NASDAQ:QUBT) Issues Earnings Results, Beats Estimates By $0.02 EPS

Quantum Computing (NASDAQ:QUBT) released its quarterly earnings data on Wednesday. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02, Yahoo Finance reports. The business had revenue of $0.18 million during the quarter.

Quantum Computing Price Performance

Quantum Computing stock opened at $0.67 on Friday. Quantum Computing has a one year low of $0.35 and a one year high of $1.32. The business’s fifty day moving average is $0.65 and its 200 day moving average is $0.72. The stock has a market capitalization of $60.89 million, a PE ratio of -2.15 and a beta of 1.73.

About Quantum Computing

Quantum Computing Inc, an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure.