Quantum Computing Inc. Reports Q3 Revenue Beat Amid GAAP EPS Miss
Quantum Computing Inc. (QUBT) reported third-quarter financial results characterized by a significant surge in top-line growth alongside a slight miss on earnings per share. The company achieved revenue of $9.5 million, representing a massive 2400% increase year-over-year and exceeding analyst expectations by $1.96 million. Despite the revenue beat, the company reported a GAAP EPS of -$0.07, missing estimates by $0.02. Gross profit for the quarter stood at approximately $428,000, resulting in a gross margin of 4.5%. The results highlight rapid scaling in revenue alongside ongoing challenges in achieving profitability.
Tickers: $QUBT
Topics: earnings_miss gross_margin revenue_beat