Quantum Computing Inc. stock research
FY2023 Q1
Quantum Computing (QUBT) Gross Margin — Quarter Ended Mar 31, 2023
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin improved sharply from the prior quarter but was slightly lower than the year-ago level.
Gross margin takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin improved sharply from the prior quarter but was slightly lower than the year-ago level.
- The strongest observable margin driver is the shift from a negative gross profit in the prior quarter to a positive gross profit in the current quarter, which directly lifted gross margin. This improvement occurred alongside a substantial increase in revenue.
- Compared to the immediately preceding quarter, revenue was higher and gross profit turned positive, resulting in a significantly improved gross margin. Versus the same quarter one year earlier, revenue and gross profit were higher, but gross margin was slightly lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
53.7%
Gross profit
$65000
Revenue
$121000
Cost of revenue
$56000
Quarter-over-quarter change
n/a
Year-over-year change
-9.3 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $121000 | $65000 | $56000 | 53.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Mar 31, 2022
-9.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the shift from a negative gross profit in the prior quarter to a positive gross profit in the current quarter, which directly lifted gross margin. This improvement occurred alongside a substantial increase in revenue.
Compared to the immediately preceding quarter, revenue was higher and gross profit turned positive, resulting in a significantly improved gross margin. Versus the same quarter one year earlier, revenue and gross profit were higher, but gross margin was slightly lower.
Monitor whether the cost of revenue continues to increase at a pace that could pressure gross margin in future quarters.