Latest news with #QCi
Globe and Mail
11 hours ago
- Business
- Globe and Mail
Why Quantum Computing Inc. Is the Quiet Winner in Quantum Stocks
presents a fascinating paradox for investors to study. On one hand, it's a headline-grabbing technology stock whose valuation often seems disconnected from its current financial results. On the other hand, it is a company that inspires intense bullish conviction and significant doubt simultaneously, as evidenced by a large number of investors betting against it. This has led many to label Quantum Computing Inc. (QCi) as a speculative, all-or-nothing bet on a technology that could be years away from mainstream adoption. This view, however, misses the most compelling part of the company's story. The key to understanding Quantum Computing's immediate potential and its most direct path to generating substantial revenue is not hidden in a futuristic quantum lab. Instead, it is housed within a far more conventional and tangible industrial asset that the company has just brought online. From Theory to Tangible Production In Quantum Computing's earnings report for the first quarter of 2025, the company revealed it had completed the construction of its Quantum Photonic Chip Foundry in Tempe, Arizona. This milestone is crucial, and its importance becomes immediately apparent when contrasted with the company's financials. With a market capitalization recently hovering around $2.79 billion, QCi reported revenue of just $39,000 in its most recent quarter. The new foundry is the company's answer to bridging this vast gap between valuation and revenue. The facility is a commercial manufacturing operation designed to produce Thin-Film Lithium Niobate (TFLN) chips. These are the high-performance engines of modern data transmission. Think of the massive data centers that power artificial intelligence (AI) or the 5G sector, which is connecting our world; they all require components that can move enormous amounts of data faster and more efficiently. TFLN chips are a key solution, prized for their ability to handle immense bandwidth with very low power loss. By opening this foundry, QCi is tapping into a massive and established market. According to multiple industry analyses, the global market for Photonic Integrated Circuits (PICs) is projected to grow from $15.1 billion in 2024 to an estimated $38.4 billion by 2029. Evidence of early demand is already materializing. QCi has secured an offtake agreement with Comtech Telecommunications (NASDAQ: CMTL), a defense and communications firm, to produce TFLN wafers for its satellite communication hardware. Why the Foundry Is a Strategic Masterstroke The decision to become a chip manufacturer provides QCi with powerful strategic advantages that directly address the risks of being a deep-tech hardware startup. It creates a more resilient and defensible business model built on three key pillars: Vertical Integration: By making its own core components, QCi gains complete control over its supply chain, design cycle, and intellectual property. It is not dependent on third-party suppliers for its most critical technology. This allows the company to innovate more quickly and protects it from supply chain disruptions that can sideline other hardware companies. A Diversified Business Model: The foundry offers a second, potentially high-margin revenue stream that is completely independent of the quantum computing timeline. While its competitors are focused almost exclusively on the long-term goal of selling access to quantum computers, QCi can profit today by selling essential components to the broader telecommunications, AI, and defense industries. This provides a financial cushion to fund its ambitious research and development. Validation as a Marketing Tool: The foundry's technology is already being validated in the real world through QCi's products. High-profile sales to customers like BMW, which is using QCi technology to optimize sensor placement on autonomous vehicles, and the Korea Research Institute of Standards and Science (KRISS) prove the performance of the company's photonic systems. Every product success story doubles as a high-profile demonstration of the foundry's capabilities, acting as a powerful marketing tool for its manufacturing services. From Moonshot to Manufacturing For investors, this dual-pronged strategy fundamentally changes the investment thesis. Quantum Computing Inc. is more than just a speculative quantum stock; it is an emerging, vertically integrated photonics manufacturer. The quantum machines represent the company's long-term, high-growth moonshot, but the foundry offers a grounded industrial business with a much more straightforward and nearer-term path to profitability. This hybrid identity provides a potential valuation floor and a strategic resilience that its peers may lack, as its success is not tied exclusively to the unpredictable timeline of quantum adoption. The success of the foundry can de-risk the entire enterprise. Therefore, the single most important indicator for investors to watch over the coming quarters will be the revenue generated by the foundry services division. The rate at which QCi can scale this manufacturing business from a promising start into a significant revenue stream will determine if the company's fundamental value can finally begin to catch up with its impressive, but speculative, stock price. Where Should You Invest $1,000 Right Now? Before you make your next trade, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list. They believe these five stocks are the five best companies for investors to buy now...
Forbes
3 days ago
- Business
- Forbes
QUBT Stock: Up 80% In A Month What's Happening With Quantum Computing?
CHONGQING, CHINA - MAY 11: In this photo illustration, the logo of Quantum Computing Inc. (QCi) is ... More displayed on a smartphone screen, with the company's latest stock market chart in the background, reflecting investor sentiment and recent trading activity, on May 11, 2025, in Chongqing, China. Quantum Computing Inc. is an American technology company specializing in quantum software and hardware solutions for optimization, machine learning, and cybersecurity. (Photo illustration by) Quantum Computing Inc. (NASDAQ: QUBT), a company focused on building quantum-compatible chips and photonic hardware solutions for various applications, including high-performance computing, AI, and cybersecurity, has seen its stock price surge by an impressive 80% in a month, while it is up by over 3,000% in the last twelve months, reflecting the increasing interest in this potentially revolutionary field. Nvidia CEO Jensen Huang's comment at the GTC Paris developer conference, stating "quantum computing is reaching an inflection point," has led to positive momentum in quantum computing stocks lately. Unlike traditional computers that use binary bits (0's and 1's), quantum computers utilize 'qubits,' which can exist in multiple states simultaneously, allowing quantum computers to perform complex calculations and process vast amounts of data by exploring numerous potential outcomes at once. This capability has broad applications, from financial modeling and drug discovery to materials science. Despite its promise, quantum computing faces a significant challenge: errors increase as systems become more complex with higher qubit counts. This makes the technology inherently volatile, a common characteristic of emerging, futuristic technologies. Despite these hurdles, significant advancements are being made. Companies like Google, IBM, and D-Wave have successfully built scalable quantum computers with dozens of qubits, a crucial step toward practical applications. IBM is a leader in this space, with its 1,121-qubit Condor processor and ambitious plans to develop 100,000-qubit systems by 2033. Quantum Computing Inc. (QCi) has also introduced its Dirac 3 quantum system, specifically designed for complex optimization problems. Notably, Dirac represents a breakthrough as the first and only quantum system to natively solve integer problems using quantum digits (qdits) rather than traditional quantum bits (qubits). Each qdit operates with 200 discrete modes, a significant advancement over conventional qubit-based systems. Now, if you are looking for an upside with a smoother ride than an individual stock, consider the High Quality portfolio, which has outperformed the S&P, and clocked >91% returns since inception. Separately, see – Should You Buy CRWV Stock After A Whopping 4x Rise? QCi takes a fundamentally different approach from both D-Wave's quantum annealing and traditional gate-model quantum computers. QCi specializes in photonics and quantum optics technology, creating quantum machines designed to operate at room temperature and low power at an affordable cost. This room-temperature operation represents a significant departure from the extremely low-temperature superconducting systems used by companies like D-Wave, IBM, and Google. QCi's photonic approach eliminates the need for complex and expensive cryogenic cooling systems, potentially making quantum technology more accessible and practical for widespread deployment. QCi's central innovation revolves around their thin-film lithium niobate (TFLN) photonic chip foundry in Tempe, Arizona, which became operational just last month. The company is fabricating photonic computing engines using this advanced material, enabling integrated photonics solutions. Notably, the company has secured multiple purchase orders for their foundry services through their 2024 Pilot Launch Program. While quantum computing shows immense promise, it remains in a developmental stage and isn't yet ready for widespread practical implementation. QCi's revenue base of $385K in the last twelve months is trivial, and the company reported an operating loss of $28 million over the same period. QUBT stock is highly susceptible to adverse market conditions, demonstrating significantly higher volatility compared to the broader market. For instance, during the 2022 inflation shock, QUBT stock's value plummeted by 93%, whereas the S&P 500 experienced a peak-to-trough decline of 25%. Similarly, it fell by 73%, during the COVID-19 pandemic market downturn, much worse than the peak-to-trough decline of 34% for the S&P 500. This highlights the considerable risk of QUBT stock dropping during unfavorable market conditions. Like most quantum computing stocks, QUBT represents a high-risk, high-growth potential investment. Key factors influencing its trajectory include continued technological improvements and managing costs. QCi could potentially sell numerous photonic chips in the coming years, which might continue to drive its stock higher. As an investor, a bet on QUBT is a bet on the future potential of quantum computing and QCi's position within that future. The company provides accessible and affordable quantum machines, and boasts large customers such as NASA and John Hopkins. Looking at its past performance, QUBT stock has been quite volatile when compared to the broader markets. Returns for the stock were -49% in 2019, -46% in 2020, 110% in 2021, -56% in 2022, -40% in 2023, and 1713% in 2024. In contrast, the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, is considerably less volatile and has comfortably outperformed the S&P 500 over the last 4-year period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.
Yahoo
09-06-2025
- Business
- Yahoo
Quantum Computing Inc. Reports First Quarter 2025 Financial Results
HOBOKEN, N.J., May 15, 2025 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today released financial results for the three-month period ended March 31, 2025. Dr. Yuping Huang, Interim Chief Executive Officer of QCi, commented, "QCi delivered solid operational and financial progress in the first quarter, strengthening our balance sheet and advancing key strategic initiatives. We completed construction during the quarter of our Quantum Photonic Chip Foundry in Tempe, Arizona, a major milestone that positions us to meet growing demand for thin film lithium niobate (TFLN) photonic chips, underscored by the announcement of a fifth purchase during the period. We're encouraged by our early traction, which is the first step in what we believe is a significant, multi-year opportunity to serve the expanding markets in datacom, telecom, and quantum-enabled applications. In parallel, we continued to deepen engagement with both government and commercial partners, reinforcing the growing interest in our quantum and photonic machines and positioning QCi to capitalize on emerging opportunities ahead." First Quarter 2025 Financial Highlights First quarter 2025 revenues totaled approximately $39,000 (33% gross margin) compared to $27,000 (41% gross margin) generated in the first quarter of 2024. Gross margin can vary at our current revenue levels. As such, the year-over-year decrease is not unexpected. First quarter 2025 operating expenses totaled $8.3 million compared to the previous year's first quarter operating expenses of $6.3 million. The year-over-year increase was primarily driven by higher employee-based expenses. The Company reported net income attributable to common stockholders of $17.0 million, or $0.13 per basic share for the first quarter of 2025, compared to a net loss attributable to common stockholders of $6.4 million or $(0.08) per basic share for the same period of the previous year. The increase in net income this quarter was primarily due to a $23.6 million non-cash gain on the mark-to-market valuation of the Company's warrant liability as a result of our merger with QPhoton in June 2022. Total assets at March 31, 2025 were $242.5 million, increasing from $153.6 million at December 31, 2024. Cash and cash equivalents at March 31, 2025 increased by $87.5 million to $166.4 million from year-end 2024. During the first quarter, the Company raised total net proceeds of $93.6 million through a private placement offering of common stock. Total liabilities at March 31, 2025 were $21.7 million, a decrease of $24.6 million compared to year-end 2024, driven primarily by the previously-mentioned non-cash changes in the fair value of the Company's warrant liability. As of March 31, 2025, the Company had shareholders' equity totaling $220.8 million. First Quarter 2025 Operational Highlights Quantum Photonic Chip Foundry Update: During the quarter, QCi completed construction of its Quantum Photonic Chip Foundry in Tempe, Arizona, achieving a key milestone in scaling its U.S.-based TFLN manufacturing services. The Company is now establishing its process design kit (PDK) and filling customer orders. To date, the Company has received five initial orders for its foundry services. Advancing Quantum Machine Adoption: On January 15, 2025, QCi announced a collaboration with Sanders Tri-Institutional Therapeutics Discovery Institute (Sanders TDI), a non-profit drug discovery institute comprising Memorial Sloan Kettering Cancer Center, The Rockefeller University, and Weill Cornell Medicine. Through this partnership, Sanders TDI will leverage cloud-based access to QCi's Dirac-3 quantum optimization machine to support computational chemistry and biomolecular modeling research. This collaboration highlights growing adoption of QCi's quantum systems in real-world biomedical applications. Board Appointment Strengthens Strategic Leadership: On March 26, 2025, QCi appointed Eric Schwartz to its Board of Directors. Mr. Schwartz brings over 20 years of experience in corporate finance, mergers and acquisitions, and corporate strategy, with a strong track record guiding companies through commercialization and manufacturing scale-up. His expertise will support QCi's growth initiatives as the Company advances its TFLN chip foundry and drives market adoption of its quantum machines. Strengthening Sales & Market Presence: The Company continued to expand its commercial and government engagement, participating in numerous trade shows and conferences during the quarter to showcase its quantum optimization and photonic chip solutions to prospective customers and partners. Advancing Strategic Partnerships with NASA: Subsequent to the quarter on April 30, 2025, QCi was awarded a subcontract valued at approximately $406,000 through Analytical Mechanics Associates (AMA) to support NASA's Langley Research Center. Under the project, QCi will use its Dirac-3 quantum computer to develop a quantum-based technique for removing sunlight noise from space-based LIDAR data, an obstacle that has historically limited NASA's ability to conduct reliable daytime Earth observation. This project builds on QCi's prior work with NASA. Expanding Commercial Adoption of Quantum Solutions: Subsequent to the quarter, QCi secured two additional customer orders, reflecting growing global demand for its quantum machines. On April 1, 2025, the Company announced the sale of a Quantum Photonic Vibrometer to the Department of Aerospace Structures and Materials at Delft University of Technology in the Netherlands, supporting advanced research in non-destructive testing and structural health monitoring. Later in the month, on April 22, 2025, QCi announced the sale of an EmuCore reservoir computing device to a major automotive manufacturer for research and development use. These orders underscore QCi's strategy to broaden awareness and adoption of its quantum solutions across both academic and industrial markets globally. Earnings Conference Call The Company will host its first quarter conference call on Thursday, May 15, 2025, at 4:30 p.m. To access the live webcast of the conference call, visit the QCi Investor Relations page at Investors may also access the webcast via the following link: To participate in the call by phone, dial (888) 506-0062 approximately five minutes prior to the scheduled start time. International callers please dial (973) 528-0011. Callers should use access code: 832763. A replay of the teleconference will be available until May 22, 2025, and may be accessed by dialing (877) 481-4010. International callers may dial (919) 882-2331. Callers should use conference ID: 52325. About Quantum Computing Inc. Quantum Computing Inc. (Nasdaq: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines to the world today. QCi's products are designed to operate at room temperature and low power at an affordable cost. The Company's portfolio of core technologies and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, and cybersecurity, as well as remote sensing applications. Company Contact:Rosalyn Christian/John NesbettIMS Investor Relationsinvestors@ Forward-Looking Statements This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, generally identified by terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," "aim to," or variations of these or similar words, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief or current expectations of QCi and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including the timing of orders and revenue, and the outcome of ongoing collaborations and demonstration projects with certain U.S. government agencies, academic institutions and commercial customers, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, QCi undertakes no obligation to update or revise forward-looking statements to reflect changed conditions. IMPORTANT NOTICE TO USERS (summary only, click here for full text of notice): All information is unaudited unless otherwise noted or accompanied by an audit opinion and is subject to the more comprehensive information contained in our SEC reports and filings. We do not endorse third-party information. All information speaks as of the last fiscal quarter or year for which we have filed a Form 10-K or 10-Q, or for historical information the date or period expressly indicated in or with such information. We undertake no duty to update the information. Forward-looking statements are subject to risks and uncertainties described in our Forms 10-Q and 10-K. QUANTUM COMPUTING INC. Consolidated Balance Sheets (in thousands, except par value data)March 31, December 31,2025 2024Assets Current assets: Cash and cash equivalents$ 166,429 $ 78,945 Accounts receivable, net 2027 Inventory 13118 Prepaid expenses and other current assets 660161Total current assets 167,24079,151Property and equipment, net 9,9768,212Operating lease right-of-use assets 1,4191,522Intangible assets, net 8,1968,972Goodwill 55,57355,573Other non-current assets 129129Total assets$ 242,533 $ 153,559 Liabilities and Stockholders' Equity Current liabilities: Accounts payable$ 2,022 $ 1,372 Accrued expenses 6472,134 Deferred revenue 8379 Other current liabilities 990974Total current liabilities 3,7424,559Derivative liability 16,90240,532Operating lease liabilities 1,0621,181Total liabilities 21,70646,272Stockholders' equity: Common stock, $0.0001 par value, 250,000 thousand shares authorized; 137,322 thousand and 129,012 thousand shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 1413 Additional paid-in capital 404,313307,756 Accumulated deficit (183,500)(200,482)Total stockholders' equity 220,827107,287Total liabilities and stockholders' equity$ 242,533 $ 153,559 QUANTUM COMPUTING INC. Consolidated Statements of Operations (in thousands, except per share data)Three Months EndedMarch 31,2025 2024Total revenue$ 39 $ 27Cost of revenue 2616Gross profit 1311Operating expenses Research and development 2,9852,220Sales and marketing 672451General and administrative 4,6423,659Total operating expenses 8,2996,330Loss from operations (8,286)(6,319)Non-operating income (expense) Interest and other income 1,69638Interest expense, net (58)(155)Change in fair value of warrant liabilities 23,630-Income (loss) before income tax provision 16,982(6,436)Income tax provision --Net income (loss) 16,982(6,436) Net income (loss) attributable to common stockholders$ 16,982 $ (6,436) Earnings (loss) per share: Basic$ 0.13 $ (0.08)Diluted$ 0.11 $ (0.08)Weighted average shares used in computing net earnings (loss) per common share: Basic 135,21781,934Diluted 153,00681,934 View original content to download multimedia: SOURCE Quantum Computing Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-06-2025
- Business
- Yahoo
Quantum Computing, Inc. Announces Key Leadership Promotions to Support Growth Strategy
Milan Begliarbekov promoted to Chief Operating Officer; Pouya Dianat promoted to Chief Revenue Officer HOBOKEN, N.J., May 8, 2025 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today announced the promotion of two key executives to support the Company's next phase of strategic growth and commercialization. These leadership appointments build on recent milestones including completion of construction of QCi's quantum photonic chip foundry, as announced during the fourth quarter 2024 shareholder update call on March 20, 2025, and the successful execution of its pilot chip sales initiative. Milan Begliarbekov has been promoted to Chief Operating Officer and Pouya Dianat has been promoted to Chief Revenue Officer. These leadership advancements reflect QCi's commitment to accelerating the execution of its strategic initiatives across both product development and commercial expansion. Dr. Milan Begliarbekov has been the Director of Quantum Foundry since joining the Company in September 2022. In that role he was responsible for the design and construction of the Company's foundry in Tempe, Arizona, as well as overseeing the development and manufacturing of photonic materials, devices, and technologies including thin-film lithium niobate for advanced sensing and photonic computing applications. Dr. Begliarbekov brings more than 13 years of experience in nanofabrication, materials science, and scientific leadership. Prior to joining QCi, he served as a Research Assistant Professor and Director of the Nanofabrication Facility at the City University of New York (CUNY). In this role, he managed the design, commissioning, and operation of one of the region's leading nanofabrication centers, supporting academic and industrial users from early-stage startups to established corporations. His responsibilities included process development, equipment oversight, and the leadership of multiple scientific collaborations. In his new role as Chief Operating Officer, Dr. Begliarbekov will be responsible for overseeing day-to-day operations across QCi, driving manufacturing efficiency, ensuring quality control, and supporting the scaling of production to meet customer demand. He will also be managing the Company's strategy to develop advanced photonic circuits for the next generation of the Company's quantum computers. Dr. Pouya Dianat was previously the Director of Photonic Integrated Circuits (PICs) and Foundry Services at QCi, where he led business strategy, product development and management, and sales for the company's thin-film lithium niobate–based foundry platform, processing TFLN and other transition metal ferroelectrics for quantum and non-quantum applications. The unique optical properties of TFLN allow for faster, more efficient control of light, essential in quantum computing and communication. Dr. Dianat brings over a decade of experience in commercializing advanced photonic technologies. Before joining QCi, he was a market expert and Technical Director at OPTICA, where he focused on PIC and quantum technologies. Prior to that, he led business development and chip scale-up efforts in photonic detector product lines at Luminar Technologies, a leader in automotive LiDAR solutions. Dr. Dianat earned a Ph.D. in Electrical Engineering from Drexel University, where he developed quantum-enhanced opto-plasmonic detectors, followed by a Postdoctoral Fellowship at Northwestern University. In his new role as Chief Revenue Officer, Dr. Dianat will be responsible for driving global commercial strategy, accelerating customer acquisition, and expanding revenue streams across all QCi machines and foundry offerings. "As we continue to scale our business and bring our technologies to market, strengthening our leadership team is essential to executing our strategy effectively," said Dr. William McGann, Chief Executive Officer of QCi. "Milan and Pouya have each been instrumental in driving our quantum and nanophotonic initiatives forward. Elevating them into these key roles strengthens our ability to deliver on the market opportunities in front of us, particularly in the datacom and telecom sectors, where we see growing demand for high-performance TFLN solutions. With the ribbon cutting of our quantum photonic chip foundry approaching, we are entering an exciting phase that positions us to accelerate both innovation and customer adoption." As part of QCi's growth strategy, the Company completed construction of its quantum photonic chip foundry in Tempe, Arizona in March 2025. Following the completion of construction, the foundry's upgraded ISO certification was finalized ahead of schedule. The foundry positions QCi to meet growing global demand for TFLN photonic chips, with a multi-phase plan to scale production and address high-value markets. "I'm honored to step into this new role and excited to help drive QCi's operational initiatives as we expand our footprint in quantum and photonic markets," said Milan Begliarbekov, Chief Operating Officer. "We have a clear roadmap ahead, and I look forward to working with the team to execute on our long-term vision." "This is an important time for QCi, and I'm enthusiastic to build and expand on the commercial traction we've established and to help accelerate the global adoption of our innovative technology," added Pouya Dianat, Chief Revenue Officer. "Our product and service offerings can solve business problems today and we're seeing growing interest from both government and industry partners. I am excited to support our customers in unlocking the full potential of our technologies." About Quantum Computing Inc. Quantum Computing Inc. (Nasdaq: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines and TFLN foundry services to the world today. QCi's products are designed to operate at room temperature and low power at an affordable cost. The Company's portfolio of core technologies and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, and cybersecurity, as well as remote sensing applications. Company Contact:Rosalyn Christian/John NesbettIMS Investor Relationsqci@ View original content to download multimedia: SOURCE Quantum Computing Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-06-2025
- Business
- Yahoo
Quantum Computing Inc. Set to Join Russell 2000® and Russell 3000® Indexes
HOBOKEN, N.J., May 29, 2025 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today announced that it is set to join the broad-market Russell 3000® Index and the small-cap Russell 2000® Index at the conclusion of the Russell indexes annual reconstitution, effective after the US market opens on June 30, 2025, according to a preliminary list of additions posted Friday, May 23, 2025. The broad-market Russell 3000 Index includes the largest 3,000 U.S. public companies by market capitalization. The Russell 2000 Index is a subset of the broader Russell 3000 Index limited to small-cap companies. The indexes are reconstituted annually by re-ranking companies based on total market capitalization as of the reconstitution rank date, which was April 30, 2025 this year. Index membership remains in place for one year and results in automatic inclusion in the relevant growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. Chris Boehmler, Chief Financial Officer of QCi, commented, "We're pleased to announce the inclusion of QCi in the Russell 3000® and Russell 2000® Indexes, marking a meaningful milestone in our growth. This inclusion expands our visibility among a broader pool of institutional investors and index funds and reflects the progress we've made in strengthening our financial foundation while advancing quantum technologies with real-world applications." Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider. About Quantum Computing Inc. Quantum Computing Inc. (Nasdaq: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines and TFLN foundry services to the world today. QCi's products are designed to operate at room temperature and low power at an affordable cost. The Company's portfolio of core technologies and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, and cybersecurity, as well as remote sensing applications. About FTSE Russell, an LSEG Business FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit FTSE Russell. QCi Company Contact:Rosalyn Christian/John NesbettIMS Investor Relationsqci@ Forward-Looking Statements This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, generally identified by terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," "aim to," or variations of these or similar words, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief or current expectations of QCi and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including the growth rate of the market, timing of revenue recognition and our ability to innovate and deliver products, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, QCi undertakes no obligation to update or revise forward-looking statements to reflect changed conditions. View original content to download multimedia: SOURCE Quantum Computing Inc.
